Two Sigma Investments LP lowered its position in SYSCO Co. (NYSE:SYY) by 56.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 530,861 shares of the company’s stock after selling 696,044 shares during the period. Two Sigma Investments LP owned approximately 0.10% of SYSCO worth $32,239,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SYY. Candriam Luxembourg S.C.A. grew its holdings in shares of SYSCO by 5.8% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 65,999 shares of the company’s stock worth $3,561,000 after acquiring an additional 3,645 shares during the period. Sei Investments Co. grew its holdings in shares of SYSCO by 17.1% in the 3rd quarter. Sei Investments Co. now owns 279,131 shares of the company’s stock worth $15,059,000 after acquiring an additional 40,736 shares during the period. Tower Bridge Advisors acquired a new stake in shares of SYSCO in the 3rd quarter worth approximately $244,000. Dividend Assets Capital LLC grew its holdings in shares of SYSCO by 65.2% in the 3rd quarter. Dividend Assets Capital LLC now owns 11,575 shares of the company’s stock worth $624,000 after acquiring an additional 4,570 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in shares of SYSCO by 1.2% in the 3rd quarter. CIBC Asset Management Inc now owns 101,797 shares of the company’s stock worth $5,492,000 after acquiring an additional 1,175 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.
In other SYSCO news, insider Russell T. Libby sold 13,334 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $60.69, for a total transaction of $809,240.46. Following the sale, the insider now owns 64,394 shares in the company, valued at approximately $3,908,071.86. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP William W. Goetz sold 11,323 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $62.00, for a total value of $702,026.00. Following the sale, the senior vice president now owns 35,825 shares in the company, valued at approximately $2,221,150. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,429 shares of company stock worth $8,784,264. 9.60% of the stock is owned by insiders.
Shares of SYSCO Co. (SYY) opened at $60.70 on Wednesday. The company has a market capitalization of $31,586.52, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 2.03 and a beta of 0.60. The company has a current ratio of 1.38, a quick ratio of 0.85 and a debt-to-equity ratio of 3.66. SYSCO Co. has a fifty-two week low of $48.85 and a fifty-two week high of $64.27.
SYSCO (NYSE:SYY) last announced its earnings results on Monday, February 5th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The firm had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $14.15 billion. SYSCO had a return on equity of 61.02% and a net margin of 2.10%. SYSCO’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.58 EPS. equities research analysts forecast that SYSCO Co. will post 2.95 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Thursday, April 5th. SYSCO’s dividend payout ratio (DPR) is presently 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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