Aurdan Capital Management LLC Sells 19,476 Shares of Sysco Corporation (NYSE:SYY)

Aurdan Capital Management LLC reduced its stake in Sysco Corporation (NYSE:SYY - Free Report) by 28.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,114 shares of the company's stock after selling 19,476 shares during the period. Sysco makes up approximately 1.4% of Aurdan Capital Management LLC's portfolio, making the stock its 19th biggest position. Aurdan Capital Management LLC's holdings in Sysco were worth $3,761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. NorthCrest Asset Manangement LLC lifted its stake in Sysco by 4.9% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 2,956 shares of the company's stock valued at $226,000 after buying an additional 139 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of Sysco by 48.4% in the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock worth $32,000 after acquiring an additional 140 shares in the last quarter. MV Capital Management Inc. boosted its position in shares of Sysco by 0.4% during the fourth quarter. MV Capital Management Inc. now owns 34,330 shares of the company's stock worth $2,625,000 after buying an additional 144 shares during the period. Nemes Rush Group LLC boosted its position in shares of Sysco by 5.9% during the fourth quarter. Nemes Rush Group LLC now owns 2,631 shares of the company's stock worth $201,000 after buying an additional 147 shares during the period. Finally, FineMark National Bank & Trust boosted its position in shares of Sysco by 1.8% during the fourth quarter. FineMark National Bank & Trust now owns 8,580 shares of the company's stock worth $656,000 after buying an additional 149 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wells Fargo & Company reduced their price target on Sysco from $87.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Barclays lowered their price objective on Sysco from $87.00 to $77.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. UBS Group lowered their price objective on Sysco from $86.00 to $83.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Sanford C. Bernstein set a $87.00 price target on shares of Sysco and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Finally, BMO Capital Markets decreased their price target on Sysco from $82.00 to $77.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sysco has an average rating of "Moderate Buy" and an average price target of $82.77.

Sysco Stock Down 0.9%

SYY stock traded down $0.70 during trading on Friday, reaching $76.76. 1,764,492 shares of the stock were exchanged, compared to its average volume of 3,232,206. The firm's 50 day moving average is $73.77 and its 200 day moving average is $73.30. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $82.23. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 6.37. The firm has a market cap of $37.21 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 2.30 and a beta of 0.81.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.06). The company had revenue of $19.60 billion for the quarter, compared to the consensus estimate of $20.11 billion. Sysco had a return on equity of 107.96% and a net margin of 2.36%. The business's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share. As a group, research analysts forecast that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.54 per share. This is a positive change from Sysco's previous quarterly dividend of $0.51. This represents a $2.16 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, July 3rd. Sysco's payout ratio is currently 55.96%.

Insider Buying and Selling

In other news, Director Sheila Talton sold 356 shares of the company'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 transaction, the director directly owned 12,738 shares of the company's stock, valued at $902,359.92. This represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.54% of the company's stock.

Sysco Company 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.