Sysco Co. (NYSE:SYY) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its position in Sysco Co. (NYSE:SYY - Free Report) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 265,559 shares of the company's stock after selling 8,206 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Sysco worth $20,730,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in Sysco by 26.1% in the second quarter. Ameriprise Financial Inc. now owns 8,623,178 shares of the company's stock valued at $615,076,000 after acquiring an additional 1,782,180 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Sysco by 11.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company's stock worth $521,874,000 after purchasing an additional 672,940 shares in the last quarter. Primecap Management Co. CA boosted its position in shares of Sysco by 9.7% in the 3rd quarter. Primecap Management Co. CA now owns 4,796,439 shares of the company's stock worth $374,410,000 after purchasing an additional 422,954 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its position in Sysco by 8.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 4,790,665 shares of the company's stock valued at $366,789,000 after acquiring an additional 375,409 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in Sysco by 103.0% in the 2nd quarter. ProShare Advisors LLC now owns 4,746,176 shares of the company's stock valued at $338,830,000 after acquiring an additional 2,408,226 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company's stock.

Sysco Price Performance

Shares of SYY traded up $0.88 during midday trading on Wednesday, hitting $80.37. 3,748,783 shares of the company traded hands, compared to its average volume of 3,140,873. The firm has a 50 day moving average of $75.92 and a 200-day moving average of $74.84. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.89. The stock has a market cap of $39.48 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 2.00 and a beta of 1.19. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The company had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $20.47 billion. During the same period last year, the company earned $1.07 EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts forecast that Sysco Co. will post 4.57 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Friday, January 3rd. Sysco's dividend payout ratio (DPR) is currently 52.44%.

Insider Transactions at Sysco

In other Sysco news, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the transaction, the director now owns 12,955 shares of the company's stock, valued at approximately $966,831.65. The trade was a 18.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Eve M. Mcfadden sold 4,036 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the transaction, the senior vice president now owns 48,451 shares in the company, valued at $3,638,670.10. The trade was a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Sysco from $87.00 to $82.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. StockNews.com lowered shares of Sysco from a "strong-buy" rating to a "buy" rating in a research note on Monday, October 21st. Jefferies Financial Group boosted their target price on shares of Sysco from $91.00 to $92.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. upped their price objective on Sysco from $85.00 to $88.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Sysco presently has an average rating of "Moderate Buy" and an average target price of $85.77.

About Sysco

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.