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Swiss Life Asset Management Ltd Purchases 68,171 Shares of Sysco Corporation $SYY
Swiss Life Asset Management Ltd increased its stake in Sysco Corporation by 79.3% in the fourth quarter, purchasing an additional 68,171 shares and bringing its total holdings to $11.36 million. Sysco reported mixed quarterly results, missing EPS estimates by a penny but showing a 4.7% revenue increase year-over-year. The company also raised its quarterly dividend to $0.55 per share, and analysts rate the stock a “Moderate Buy” with an average price target of $88.15.