Sysco Corporation (SYY) Stake Maintained by Regentatlantic Capital LLC

Regentatlantic Capital LLC continued to hold its position in shares of Sysco Corporation (NYSE:SYY) during the second quarter, Holdings Channel reports. The firm owned 4,344 shares of the company’s stock at the end of the second quarter. Regentatlantic Capital LLC’s holdings in Sysco Corporation were worth $219,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Sysco Corporation by 2,088.2% in the first quarter. BlackRock Inc. now owns 32,207,618 shares of the company’s stock valued at $1,672,219,000 after buying an additional 30,735,711 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Sysco Corporation by 86.7% in the first quarter. Victory Capital Management Inc. now owns 2,426,247 shares of the company’s stock valued at $125,971,000 after buying an additional 1,126,573 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Sysco Corporation by 2.9% in the first quarter. Vanguard Group Inc. now owns 37,910,943 shares of the company’s stock valued at $1,968,336,000 after buying an additional 1,064,162 shares during the last quarter. Hermes Investment Management Ltd. bought a new position in shares of Sysco Corporation during the first quarter valued at about $41,568,000. Finally, Bank of America Corp DE boosted its position in shares of Sysco Corporation by 18.3% in the first quarter. Bank of America Corp DE now owns 4,745,874 shares of the company’s stock valued at $246,405,000 after buying an additional 733,433 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Sysco Corporation (SYY) traded up 1.40% on Friday, reaching $51.58. The company’s stock had a trading volume of 3,803,719 shares. The firm’s 50 day moving average price is $50.93 and its 200-day moving average price is $52.61. The company has a market capitalization of $27.61 billion, a price-to-earnings ratio of 27.19 and a beta of 0.52. Sysco Corporation has a 52 week low of $47.15 and a 52 week high of $57.07.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, October 5th. Sysco Corporation’s dividend payout ratio is presently 69.47%.

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Several equities analysts have recently issued reports on SYY shares. Wells Fargo & Company reiterated a “buy” rating on shares of Sysco Corporation in a research note on Friday, June 23rd. BMO Capital Markets reissued a “buy” rating and set a $60.00 target price on shares of Sysco Corporation in a research report on Tuesday, June 27th. Bank of America Corporation reissued a “buy” rating and set a $61.00 target price on shares of Sysco Corporation in a research report on Monday, June 26th. Zacks Investment Research raised Sysco Corporation from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Friday, July 21st. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $57.00 target price on shares of Sysco Corporation in a research report on Friday, June 23rd. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Sysco Corporation currently has an average rating of “Hold” and a consensus price target of $56.02.

In other Sysco Corporation news, insider Wayne Shurts sold 15,600 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $55.32, for a total transaction of $862,992.00. Following the transaction, the insider now owns 58,776 shares of the company’s stock, valued at approximately $3,251,488.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William J. Delaney III sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $55.55, for a total value of $1,666,500.00. Following the transaction, the chief executive officer now directly owns 406,725 shares in the company, valued at approximately $22,593,573.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,400 shares of company stock worth $8,121,300. 8.81% of the stock is currently owned by company insiders.

Sysco Corporation Company Profile

Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.

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Institutional Ownership by Quarter for Sysco Corporation (NYSE:SYY)

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