Sysco (NYSE:SYY) Director Sells $232,454.99 in Stock

Sysco Corporation (NYSE:SYY) Director Sheila Talton sold 2,801 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the transaction, the director owned 12,868 shares of the company’s stock, valued at $1,067,915.32. This represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Sysco Trading Up 2.2%

Shares of SYY opened at $86.52 on Friday. The stock has a market capitalization of $41.44 billion, a PE ratio of 23.26, a P/E/G ratio of 2.63 and a beta of 0.61. The company’s fifty 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 quick ratio of 0.75 and a current ratio of 1.30. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $86.72.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 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 business had revenue of $20.76 billion during the quarter, compared to analysts’ expectations of $20.80 billion. During the same period last year, the company posted $0.93 EPS. The business’s revenue was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Sell-side analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Argus raised Sysco to a “hold” rating in a research report on Thursday, January 29th. Piper Sandler boosted their price objective on shares of Sysco from $80.00 to $83.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Wells Fargo & Company raised their target price on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Guggenheim lifted their price target on shares of Sysco from $89.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Citigroup upped their price target on shares of Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.38.

Institutional Trading of Sysco

Large investors have recently made changes to their positions in the stock. Intech Investment Management LLC grew its stake in Sysco by 53.1% in the 1st quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock worth $1,674,000 after acquiring an additional 7,742 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Sysco in the second quarter valued at approximately $118,000. Ascent Group LLC bought a new position in Sysco in the second quarter worth approximately $273,000. QRG Capital Management Inc. increased its holdings in Sysco by 8.5% during the 2nd quarter. QRG Capital Management Inc. now owns 19,714 shares of the company’s stock worth $1,493,000 after purchasing an additional 1,552 shares during the period. Finally, Merit Financial Group LLC raised its position in Sysco by 29.0% during the 2nd quarter. Merit Financial Group LLC now owns 51,219 shares of the company’s stock valued at $3,879,000 after purchasing an additional 11,523 shares in the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

About Sysco

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.