Two Sigma Investments LP lessened its holdings in shares of SYSCO Co. (NYSE:SYY) by 56.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 530,861 shares of the company’s stock after selling 696,044 shares during the quarter. Two Sigma Investments LP’s holdings in SYSCO were worth $32,239,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Ameriprise Financial Inc. lifted its stake in shares of SYSCO by 2.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 10,451,813 shares of the company’s stock worth $563,890,000 after purchasing an additional 208,815 shares during the period. Parnassus Investments CA raised its position in shares of SYSCO by 1.8% in the 4th quarter. Parnassus Investments CA now owns 7,547,366 shares of the company’s stock worth $458,352,000 after buying an additional 136,965 shares during the period. American Century Companies Inc. raised its position in shares of SYSCO by 7.5% in the 4th quarter. American Century Companies Inc. now owns 6,578,176 shares of the company’s stock worth $399,493,000 after buying an additional 457,259 shares during the period. Janus Henderson Group PLC raised its position in shares of SYSCO by 4.6% in the 3rd quarter. Janus Henderson Group PLC now owns 5,969,351 shares of the company’s stock worth $322,047,000 after buying an additional 261,748 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of SYSCO by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,707,166 shares of the company’s stock worth $307,903,000 after buying an additional 51,159 shares during the period. 79.05% of the stock is currently owned by institutional investors.
In related news, SVP Greg D. Bertrand sold 81,038 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $60.76, for a total value of $4,923,868.88. Following the completion of the sale, the senior vice president now directly owns 69,721 shares in the company, valued at approximately $4,236,247.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Russell T. Libby sold 13,334 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $60.69, for a total value of $809,240.46. Following the completion of the sale, the insider now owns 64,394 shares of the company’s stock, valued at $3,908,071.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 144,429 shares of company stock valued at $8,784,264. 9.60% of the stock is owned by insiders.
Shares of SYSCO Co. (NYSE SYY) opened at $60.70 on Wednesday. SYSCO Co. has a twelve month low of $48.85 and a twelve month high of $64.27. The stock has a market capitalization of $31,586.52, a price-to-earnings ratio of 23.01, a P/E/G ratio of 2.03 and a beta of 0.60. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.38 and a quick ratio of 0.85.
SYSCO (NYSE:SYY) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. SYSCO had a return on equity of 61.02% and a net margin of 2.10%. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $14.15 billion. During the same period in the prior year, the firm earned $0.58 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. equities analysts anticipate that SYSCO Co. will post 2.95 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 6th will be issued a $0.36 dividend. The ex-dividend date is Thursday, April 5th. This represents a $1.44 annualized dividend and a yield of 2.37%. SYSCO’s dividend payout ratio is currently 64.29%.
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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.
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