Northwest Quadrant Wealth Management LLC boosted its stake in shares of SYSCO Co. (NYSE:SYY) by 4.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,225 shares of the company’s stock after purchasing an additional 216 shares during the quarter. Northwest Quadrant Wealth Management LLC’s holdings in SYSCO were worth $325,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of SYSCO by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 41,599,601 shares of the company’s stock valued at $3,047,170,000 after buying an additional 1,549,255 shares during the period. Vanguard Group Inc raised its holdings in shares of SYSCO by 3.9% in the 3rd quarter. Vanguard Group Inc now owns 41,599,601 shares of the company’s stock valued at $3,047,170,000 after buying an additional 1,549,255 shares during the period. Morgan Stanley raised its holdings in shares of SYSCO by 26.0% in the 3rd quarter. Morgan Stanley now owns 4,910,163 shares of the company’s stock valued at $359,669,000 after buying an additional 1,013,430 shares during the period. Legal & General Group Plc raised its holdings in shares of SYSCO by 4.3% in the 3rd quarter. Legal & General Group Plc now owns 2,511,027 shares of the company’s stock valued at $183,937,000 after buying an additional 102,970 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of SYSCO by 342.2% in the 3rd quarter. Renaissance Technologies LLC now owns 1,977,518 shares of the company’s stock valued at $144,853,000 after buying an additional 1,530,318 shares during the period. 78.77% of the stock is currently owned by institutional investors.
In related news, insider Russell T. Libby sold 60,156 shares of the business’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $63.40, for a total transaction of $3,813,890.40. Following the completion of the transaction, the insider now directly owns 62,597 shares of the company’s stock, valued at approximately $3,968,649.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Trian Fund Management, L.P. sold 1,524,475 shares of the business’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $66.50, for a total value of $101,377,587.50. Following the transaction, the director now directly owns 7,055 shares of the company’s stock, valued at $469,157.50. The disclosure for this sale can be found here. Insiders have sold a total of 3,827,484 shares of company stock valued at $254,213,821 over the last three months. 7.88% of the stock is currently owned by insiders.
SYY opened at $65.33 on Thursday. SYSCO Co. has a 12 month low of $56.77 and a 12 month high of $75.98. The firm has a market cap of $33.97 billion, a P/E ratio of 20.81, a P/E/G ratio of 1.87 and a beta of 0.53. The company has a quick ratio of 0.80, a current ratio of 1.30 and a debt-to-equity ratio of 3.00.
SYSCO (NYSE:SYY) last released its earnings results on Monday, February 4th. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.03. SYSCO had a return on equity of 69.08% and a net margin of 2.48%. The firm had revenue of $14.80 billion during the quarter, compared to analysts’ expectations of $14.75 billion. During the same period in the previous year, the firm posted $0.78 EPS. SYSCO’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, research analysts forecast that SYSCO Co. will post 3.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 25th. Investors of record on Friday, January 4th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.39%. This is a boost from SYSCO’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, January 3rd. SYSCO’s payout ratio is presently 49.68%.
TRADEMARK VIOLATION NOTICE: This story was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/4133948/northwest-quadrant-wealth-management-llc-buys-216-shares-of-sysco-co-syy.html.
SYSCO Company Profile
Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.
Want to see what other hedge funds are holding SYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SYSCO Co. (NYSE:SYY).
Receive News & Ratings for SYSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SYSCO and related companies with MarketBeat.com's FREE daily email newsletter.