Sysco Corporation $SYY Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Sysco Corporation (NYSE:SYY) by 5.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 234,872 shares of the company’s stock after selling 14,078 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Sysco were worth $19,339,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SYY. Norges Bank purchased a new position in shares of Sysco in the 2nd quarter valued at $493,686,000. Vanguard Group Inc. raised its position in Sysco by 2.0% in the second quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after purchasing an additional 1,226,381 shares during the period. Marshall Wace LLP raised its position in Sysco by 207.6% in the second quarter. Marshall Wace LLP now owns 1,164,656 shares of the company’s stock valued at $88,211,000 after purchasing an additional 785,995 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Sysco by 143.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,215,260 shares of the company’s stock worth $92,044,000 after purchasing an additional 715,663 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Sysco by 163.1% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 710,900 shares of the company’s stock worth $58,536,000 after buying an additional 440,700 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Stock Down 0.7%

Shares of NYSE:SYY opened at $75.67 on Tuesday. The firm has a market cap of $36.23 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 2.51 and a beta of 0.61. The company has a fifty day simple moving average of $74.98 and a 200 day simple moving average of $77.73. The company has a current ratio of 1.15, a quick ratio of 0.65 and a debt-to-equity ratio of 5.54. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.03. The company had revenue of $21.15 billion during the quarter, compared to analyst estimates of $21.03 billion. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $1.09 EPS. On average, equities research analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 2nd were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is 57.91%.

Analyst Ratings Changes

Several research firms recently commented on SYY. Guggenheim boosted their price target on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Barclays boosted their target price on shares of Sysco from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Citigroup decreased their target price on shares of Sysco from $82.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, January 7th. Sanford C. Bernstein assumed coverage on shares of Sysco in a research note on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price target on the stock. Finally, Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.75.

About Sysco

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.