Oppenheimer Asset Management Inc. Sells 19,720 Shares of Sysco Corporation $SYY

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Oppenheimer Asset Management Inc. has reduced its stake in Sysco Corporation (NYSE:SYY) by 20.7%, selling 19,720 shares in the fourth quarter and now holding 75,641 shares valued at approximately $5.57 million. Sysco recently reported Q4 earnings, missing analyst estimates slightly on both EPS ($0.94 vs $0.95) and revenue ($20.52B vs $20.56B), while analysts maintain a “Moderate Buy” consensus with a target price of $88.15. The company also announced an increase in its quarterly dividend to $0.55 per share, resulting in an annualized yield of around 3.0%.

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