Raymond James Trust N.A. boosted its holdings in SYSCO Co. (NYSE:SYY) by 6.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,996 shares of the company’s stock after purchasing an additional 6,087 shares during the quarter. Raymond James Trust N.A.’s holdings in SYSCO were worth $6,475,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. LVM Capital Management Ltd. MI raised its position in SYSCO by 1.4% during the 1st quarter. LVM Capital Management Ltd. MI now owns 11,284 shares of the company’s stock worth $753,000 after buying an additional 155 shares during the last quarter. Whittier Trust Co. raised its position in SYSCO by 1.1% during the 4th quarter. Whittier Trust Co. now owns 14,950 shares of the company’s stock worth $936,000 after buying an additional 160 shares during the last quarter. Financial Counselors Inc. raised its position in SYSCO by 1.8% during the 4th quarter. Financial Counselors Inc. now owns 8,904 shares of the company’s stock worth $558,000 after buying an additional 161 shares during the last quarter. Valley National Advisers Inc. raised its position in SYSCO by 60.5% during the 4th quarter. Valley National Advisers Inc. now owns 472 shares of the company’s stock worth $30,000 after buying an additional 178 shares during the last quarter. Finally, First Manhattan Co. raised its position in SYSCO by 1.1% during the 1st quarter. First Manhattan Co. now owns 17,046 shares of the company’s stock worth $1,137,000 after buying an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 80.19% of the company’s stock.

A number of brokerages have commented on SYY. Zacks Investment Research downgraded shares of SYSCO from a “buy” rating to a “hold” rating in a research report on Thursday. Loop Capital set a $75.00 price target on shares of SYSCO and gave the stock a “buy” rating in a research note on Tuesday, February 5th. Pivotal Research reaffirmed a “sell” rating and set a $54.00 price target on shares of SYSCO in a research note on Friday, February 1st. Finally, Bank of America cut shares of SYSCO from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock. in a research note on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $73.00.

In related news, EVP Robert S. Charlton sold 22,321 shares of the stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $65.83, for a total value of $1,469,391.43. Following the sale, the executive vice president now directly owns 61,460 shares of the company’s stock, valued at approximately $4,045,911.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Trian Fund Management, L.P. sold 707,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $66.30, for a total transaction of $46,874,100.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 789,477 shares of company stock worth $52,157,382. 7.88% of the stock is owned by corporate insiders.

Shares of NYSE:SYY traded up $0.62 on Monday, reaching $69.63. 2,988,547 shares of the company were exchanged, compared to its average volume of 3,065,185. The company has a quick ratio of 0.76, a current ratio of 1.25 and a debt-to-equity ratio of 3.70. SYSCO Co. has a 1-year low of $59.44 and a 1-year high of $75.98. The stock has a market cap of $35.57 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.94 and a beta of 0.54.

SYSCO (NYSE:SYY) last posted its quarterly earnings results on Monday, February 4th. The company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.03. SYSCO had a net margin of 2.48% and a return on equity of 71.45%. The business had revenue of $14.80 billion for the quarter, compared to analysts’ expectations of $14.75 billion. During the same period in the prior year, the company posted $0.78 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities analysts anticipate that SYSCO Co. will post 3.4 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 5th will be paid a $0.39 dividend. The ex-dividend date is Thursday, April 4th. This represents a $1.56 dividend on an annualized basis and a yield of 2.24%. SYSCO’s payout ratio is 49.68%.

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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.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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