Kintegral Advisory LLC Sells 3,661 Shares of Sysco Corporation (NYSE:SYY)

Kintegral Advisory LLC cut its position in shares of Sysco Corporation (NYSE:SYY - Free Report) by 32.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,467 shares of the company's stock after selling 3,661 shares during the period. Kintegral Advisory LLC's holdings in Sysco were worth $560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased 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 shares of Sysco by 5.3% in the 4th quarter. Invesco Ltd. now owns 16,907,541 shares of the company's stock valued at $1,292,751,000 after purchasing an additional 851,441 shares during the period. Boston Partners grew its stake in shares of Sysco by 143.7% in the 4th quarter. Boston Partners now owns 12,184,114 shares of the company's stock valued at $930,296,000 after purchasing an additional 7,184,754 shares during the period. Geode Capital Management LLC grew its stake in shares of Sysco by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,868,965 shares of the company's stock valued at $905,120,000 after purchasing an additional 233,885 shares during the period. Finally, Capital Research Global Investors grew its position 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. Institutional investors own 83.41% of the company's stock.

Sysco Trading Down 0.6%

SYY traded down $0.44 during mid-day trading on Monday, reaching $76.74. The stock had a trading volume of 2,760,163 shares, compared to its average volume of 3,237,109. The firm's fifty day simple moving average is $73.40 and its two-hundred day simple moving average is $73.25. The stock has a market capitalization of $37.20 billion, a P/E ratio of 19.88, a P/E/G ratio of 2.33 and a beta of 0.81. 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.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share (EPS) 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 net margin of 2.36% and a return on equity of 107.96%. Sysco's revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 EPS. On average, equities analysts predict that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, July 3rd will be paid a $0.54 dividend. 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 dividend on an annualized basis and a yield of 2.81%. Sysco's dividend payout ratio (DPR) is presently 55.96%.

Insider Transactions at Sysco

In other news, Director Sheila Talton sold 356 shares of the firm's stock in a transaction 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 transaction, the director directly owned 12,738 shares in the company, valued at $902,359.92. This trade represents a 2.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

SYY has been the topic of a number of analyst reports. Barclays lowered their price target on Sysco from $87.00 to $77.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. BMO Capital Markets lowered their target price on shares of Sysco from $82.00 to $77.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Sanford C. Bernstein set a $87.00 price objective on shares of Sysco and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. UBS Group decreased their price objective on shares of Sysco from $86.00 to $83.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Sysco from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.00.

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.