Chilton Capital Management LLC Has $2.78 Million Stake in Sysco Corporation (NYSE:SYY)

Chilton Capital Management LLC trimmed its holdings in Sysco Corporation (NYSE:SYY) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,060 shares of the company’s stock after selling 2,344 shares during the period. Chilton Capital Management LLC’s holdings in Sysco were worth $2,781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Sysco by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 61,519,424 shares of the company’s stock valued at $4,703,775,000 after acquiring an additional 429,711 shares during the period. Invesco Ltd. grew its stake in Sysco by 5.3% in the fourth quarter. Invesco Ltd. now owns 16,907,541 shares of the company’s stock valued at $1,292,751,000 after acquiring an additional 851,441 shares during the period. Boston Partners grew its stake in Sysco by 143.7% in the fourth quarter. Boston Partners now owns 12,184,114 shares of the company’s stock valued at $930,296,000 after acquiring an additional 7,184,754 shares during the period. Geode Capital Management LLC grew its stake in Sysco by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,868,965 shares of the company’s stock valued at $905,120,000 after acquiring an additional 233,885 shares during the period. Finally, Capital Research Global Investors grew its stake in Sysco by 27.3% in the fourth quarter. Capital Research Global Investors now owns 8,991,476 shares of the company’s stock valued at $687,488,000 after acquiring an additional 1,928,002 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Sheila Talton sold 356 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $70.84, for a total value of $25,219.04. Following the completion of the sale, the director directly owned 12,738 shares of the company’s stock, valued at $902,359.92. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SYY shares. BMO Capital Markets decreased their price objective on Sysco from $82.00 to $77.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Citigroup started coverage on Sysco in a report on Thursday, May 22nd. They set a “neutral” rating and a $78.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Sysco from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, May 20th. Wall Street Zen upgraded Sysco from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Barclays decreased their price objective on Sysco from $87.00 to $77.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.00.

Sysco Stock Performance

Shares of NYSE SYY opened at $76.88 on Friday. The stock has a 50 day moving average price of $73.27 and a 200 day moving average price of $73.28. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $82.23. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.76 and a current ratio of 1.26. The stock has a market capitalization of $37.27 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.33 and a beta of 0.81.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.96 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.06). Sysco had a net margin of 2.36% and a return on equity of 107.96%. The company had revenue of $19.60 billion for the quarter, compared to analyst estimates of $20.11 billion. During the same period last year, the company posted $0.96 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts predict that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Thursday, July 3rd will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This is a boost from Sysco’s previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a yield of 2.81%. Sysco’s dividend payout ratio is 55.96%.

Sysco Profile

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.