Sysco Corporation (SYY) Position Lessened by Achmea Investment Management B.V.

Achmea Investment Management B.V. cut its holdings in Sysco Corporation (NYSE:SYY) by 11.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,406 shares of the company’s stock after selling 14,724 shares during the quarter. Achmea Investment Management B.V.’s holdings in Sysco were worth $6,008,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. First Personal Financial Services increased its holdings in shares of Sysco by 293.2% during the third quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock valued at $106,000 after acquiring an additional 1,463 shares in the last quarter. Arcadia Investment Management Corp MI increased its holdings in shares of Sysco by 10.7% during the second quarter. Arcadia Investment Management Corp MI now owns 2,336 shares of the company’s stock valued at $118,000 after acquiring an additional 225 shares in the last quarter. Acrospire Investment Management LLC increased its holdings in shares of Sysco by 84.6% during the second quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock valued at $121,000 after acquiring an additional 1,100 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of Sysco by 13.4% during the second quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock valued at $128,000 after acquiring an additional 300 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Sysco by 465.7% during the third quarter. Advisors Asset Management Inc. now owns 2,783 shares of the company’s stock valued at $150,000 after acquiring an additional 2,291 shares in the last quarter. 80.22% of the stock is owned by institutional investors.

In other Sysco news, Director Trian Fund Management, L.P. sold 372,314 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $53.09, for a total value of $19,766,150.26. Following the transaction, the director now owns 5,529 shares in the company, valued at approximately $293,534.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William J. Delaney III sold 30,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $53.16, for a total value of $1,594,800.00. Following the completion of the transaction, the chief executive officer now owns 406,725 shares in the company, valued at approximately $21,621,501. The disclosure for this sale can be found here. Insiders have sold a total of 2,237,981 shares of company stock worth $120,454,412 in the last quarter. Insiders own 9.60% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Pivotal Research set a $53.00 price objective on shares of Sysco and gave the company a “hold” rating in a report on Sunday, August 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a report on Tuesday, September 12th. Zacks Investment Research downgraded shares of Sysco from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Wells Fargo & Company reiterated a “buy” rating on shares of Sysco in a report on Monday, August 14th. Finally, Royal Bank Of Canada set a $50.00 price target on shares of Sysco and gave the stock a “hold” rating in a report on Friday, August 11th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $56.42.

Sysco Corporation (SYY) traded down $0.25 during trading on Wednesday, reaching $59.28. The company’s stock had a trading volume of 3,361,400 shares, compared to its average volume of 2,892,166. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 3.77. Sysco Corporation has a 1-year low of $48.85 and a 1-year high of $59.66. The stock has a market cap of $31,018.48, a price-to-earnings ratio of 23.34, a PEG ratio of 2.66 and a beta of 0.54.

Sysco (NYSE:SYY) last announced its earnings results on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. Sysco had a return on equity of 58.47% and a net margin of 2.12%. The firm had revenue of $14.65 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same quarter last year, the firm posted $0.67 EPS. The business’s revenue was up 4.9% on a year-over-year basis. sell-side analysts forecast that Sysco Corporation will post 2.77 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be given a dividend of $0.36 per share. This is a positive change from Sysco’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, January 4th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.43%. Sysco’s dividend payout ratio (DPR) is 60.00%.

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Sysco 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.

Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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