Envestnet Asset Management Inc. Has $117.58 Million Holdings in Sysco Corporation $SYY

Envestnet Asset Management Inc. lessened its holdings in Sysco Corporation (NYSE:SYY) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,428,011 shares of the company’s stock after selling 89,233 shares during the period. Envestnet Asset Management Inc.’s holdings in Sysco were worth $117,582,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SYY. Vanguard Group Inc. grew its holdings in shares of Sysco by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after purchasing an additional 1,226,381 shares during the last quarter. Geode Capital Management LLC boosted its position in Sysco by 1.5% in the second quarter. Geode Capital Management LLC now owns 12,551,872 shares of the company’s stock valued at $946,694,000 after buying an additional 183,179 shares in the last quarter. Norges Bank acquired a new stake in Sysco in the second quarter valued at approximately $493,686,000. Charles Schwab Investment Management Inc. grew its stake in shares of Sysco by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,131,931 shares of the company’s stock worth $237,212,000 after buying an additional 27,693 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Sysco by 12.0% during the second quarter. Ameriprise Financial Inc. now owns 2,639,931 shares of the company’s stock worth $201,076,000 after buying an additional 283,706 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Piper Sandler raised their price objective on Sysco from $80.00 to $83.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Jefferies Financial Group lifted their price target on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Barclays upped their price objective on Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. lifted their target price on shares of Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus price target of $89.38.

Insider Transactions at Sysco

In related news, Director Sheila Talton sold 2,801 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the sale, the director owned 12,868 shares of the company’s stock, valued at $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the transaction, the executive vice president directly owned 35,965 shares in the company, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.56% of the company’s stock.

Sysco Price Performance

Sysco stock opened at $86.52 on Friday. The firm has a market cap of $41.44 billion, a P/E ratio of 23.26, a P/E/G ratio of 2.63 and a beta of 0.61. The stock’s 50 day moving average is $76.50 and its 200 day moving average is $78.14. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75. Sysco Corporation has a one year low of $67.12 and a one year high of $86.72.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The firm had revenue of $20.76 billion for the quarter, compared to the consensus estimate of $20.80 billion. During the same quarter in the previous year, the company earned $0.93 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, research analysts expect that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is presently 58.06%.

Sysco Company Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.