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

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

Several other large investors also recently made changes to their positions in the company. Rialto Wealth Management LLC increased its holdings in shares of Sysco by 188.7% during the first quarter. Rialto Wealth Management LLC now owns 332 shares of the company's stock valued at $25,000 after acquiring an additional 217 shares in the last quarter. Parvin Asset Management LLC acquired a new position in Sysco during the fourth quarter worth $29,000. Flagship Wealth Advisors LLC acquired a new position in Sysco during the fourth quarter worth $31,000. Golden State Wealth Management LLC lifted its stake 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 valued at $32,000 after buying an additional 140 shares in the last quarter. Finally, Capital A Wealth Management LLC bought a new stake in shares of Sysco during the fourth quarter worth about $34,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sysco

In related news, Director Sheila Talton sold 356 shares of the company's stock in a transaction on Thursday, May 1st. The shares were 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 in the company, valued at approximately $902,359.92. The trade was a 2.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company's stock.

Sysco Price Performance

SYY stock traded up $1.14 during mid-day trading on Thursday, reaching $77.47. 2,435,158 shares of the company traded hands, compared to its average volume of 3,237,862. The company has a fifty day moving average price of $73.63 and a 200-day moving average price of $73.30. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.26 and a quick ratio of 0.76. The company has a market capitalization of $37.55 billion, a P/E ratio of 20.07, a P/E/G ratio of 2.30 and a beta of 0.81. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $82.23.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.06). The firm had revenue of $19.60 billion during 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 company's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. As a group, analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be issued a $0.54 dividend. This is a positive change from Sysco's previous quarterly dividend of $0.51. The ex-dividend date is Thursday, July 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.79%. Sysco's dividend payout ratio is presently 55.96%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Sysco from $82.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Barclays dropped their target price on Sysco from $87.00 to $77.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Guggenheim reissued a "buy" rating and issued a $82.00 price target on shares of Sysco in a research report on Tuesday. Wells Fargo & Company reduced their target price on shares of Sysco from $87.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Finally, Citigroup assumed coverage on shares of Sysco in a report on Thursday, May 22nd. They set a "neutral" rating and a $78.00 price target on the stock. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Sysco currently has an average rating of "Moderate Buy" and a consensus target price of $82.77.

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.