Mutual of America Capital Management LLC Has $5.25 Million Stake in Sysco Corporation (SYY)

Mutual of America Capital Management LLC raised its position in shares of Sysco Corporation (NYSE:SYY) by 5.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,189 shares of the company’s stock after buying an additional 5,526 shares during the period. Mutual of America Capital Management LLC’s holdings in Sysco Corporation were worth $5,254,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SYY. North Star Investment Management Corp. boosted its stake in shares of Sysco Corporation by 81.2% in the first quarter. North Star Investment Management Corp. now owns 1,944 shares of the company’s stock worth $101,000 after buying an additional 871 shares during the period. Howe & Rusling Inc. boosted its stake in shares of Sysco Corporation by 81.1% in the first quarter. Howe & Rusling Inc. now owns 2,595 shares of the company’s stock worth $135,000 after buying an additional 1,162 shares during the period. Kistler Tiffany Companies LLC boosted its stake in shares of Sysco Corporation by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 2,903 shares of the company’s stock worth $151,000 after buying an additional 13 shares during the period. Blue Chip Partners Inc. boosted its stake in shares of Sysco Corporation by 0.6% in the first quarter. Blue Chip Partners Inc. now owns 2,949 shares of the company’s stock worth $153,000 after buying an additional 19 shares during the period. Finally, Foresters Investment Management Company Inc. boosted its stake in shares of Sysco Corporation by 10.7% in the fourth quarter. Foresters Investment Management Company Inc. now owns 3,100 shares of the company’s stock worth $174,000 after buying an additional 300 shares during the period. 78.93% of the stock is owned by institutional investors.

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

Shares of Sysco Corporation (SYY) opened at 54.50 on Tuesday. The company’s 50-day moving average is $54.61 and its 200-day moving average is $53.67. Sysco Corporation has a 12-month low of $47.15 and a 12-month high of $57.07. The company has a market capitalization of $29.17 billion, a price-to-earnings ratio of 28.73 and a beta of 0.53.

Sysco Corporation (NYSE:SYY) last posted its quarterly earnings data on Monday, May 8th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $13.52 billion during the quarter, compared to analyst estimates of $13.14 billion. Sysco Corporation had a net margin of 1.93% and a return on equity of 47.28%. Sysco Corporation’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 earnings per share. Analysts predict that Sysco Corporation will post $2.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 7th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.42%. The ex-dividend date is Wednesday, July 5th. Sysco Corporation’s payout ratio is 69.47%.

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A number of equities research analysts have recently issued reports on SYY shares. Zacks Investment Research raised shares of Sysco Corporation from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Tuesday, May 9th. Loop Capital started coverage on shares of Sysco Corporation in a research note on Monday, May 15th. They issued a “buy” rating and a $61.00 price objective for the company. Barclays PLC reaffirmed an “equal weight” rating and issued a $57.00 price objective (up previously from $53.00) on shares of Sysco Corporation in a research note on Tuesday, May 9th. BidaskClub cut shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $51.00 price objective (up previously from $50.00) on shares of Sysco Corporation in a research note on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.30.

In other Sysco Corporation news, insider Wayne Shurts sold 15,600 shares of Sysco Corporation stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $51.66, for a total transaction of $805,896.00. Following the completion of the transaction, the insider now directly owns 43,176 shares of the company’s stock, valued at $2,230,472.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel J. Brutto acquired 2,500 shares of the company’s stock in a transaction on Friday, March 31st. The shares were purchased at an average cost of $51.94 per share, with a total value of $129,850.00. Following the completion of the purchase, the director now directly owns 3,968 shares of the company’s stock, valued at $206,097.92. The disclosure for this purchase can be found here. Insiders have sold 144,600 shares of company stock valued at $7,798,428 over the last ninety days. 8.81% of the stock is owned by insiders.

About Sysco Corporation

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SYY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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