Sysco Corporation $SYY Stock Sold by Professional Advisory Services Inc.

Professional Advisory Services Inc. decreased its stake in shares of Sysco Corporation (NYSE:SYY) by 3.1% during the third quarter, Holdings Channel reports. The firm owned 289,876 shares of the company’s stock after selling 9,181 shares during the quarter. Sysco comprises about 2.6% of Professional Advisory Services Inc.’s holdings, making the stock its 20th biggest position. Professional Advisory Services Inc.’s holdings in Sysco were worth $22,599,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in Sysco by 23.3% during the third quarter. Farther Finance Advisors LLC now owns 16,900 shares of the company’s stock valued at $1,318,000 after acquiring an additional 3,191 shares during the last quarter. Sapient Capital LLC increased its position in shares of Sysco by 8.5% during the 3rd quarter. Sapient Capital LLC now owns 10,749 shares of the company’s stock valued at $838,000 after purchasing an additional 842 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of Sysco by 19.3% in the 3rd quarter. CoreCap Advisors LLC now owns 11,580 shares of the company’s stock worth $903,000 after purchasing an additional 1,874 shares during the period. Gradient Investments LLC boosted its holdings in shares of Sysco by 1.7% in the third quarter. Gradient Investments LLC now owns 13,666 shares of the company’s stock worth $1,065,000 after buying an additional 224 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its position in Sysco by 6.1% during the third quarter. Valeo Financial Advisors LLC now owns 3,710 shares of the company’s stock valued at $289,000 after buying an additional 213 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

SYY has been the topic of several recent research reports. Guggenheim reiterated a “buy” rating and issued a $90.00 price target on shares of Sysco in a research report on Wednesday, September 16th. Wall Street Zen raised shares of Sysco from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Piper Sandler raised their target price on Sysco from $77.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. lowered their target price on Sysco from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Finally, Weiss Ratings cut Sysco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, September 28th. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and an average target price of $90.17.

Insider Activity at Sysco

In related news, EVP Ronald Phillips sold 7,350 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $83.61, for a total transaction of $614,533.50. Following the completion of the transaction, the executive vice president owned 38,650 shares in the company, valued at approximately $3,231,526.50. This represents a 15.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 15,525 shares of company stock valued at $1,299,736 over the last quarter. 0.55% of the stock is currently owned by insiders.

Sysco Price Performance

SYY stock traded up $1.34 during trading on Thursday, reaching $78.13. The company’s stock had a trading volume of 4,808,466 shares, compared to its average volume of 4,107,758. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 4.62. The company’s fifty day moving average is $81.14 and its 200-day moving average is $78.95. The company has a market capitalization of $38.43 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. The firm had revenue of $22.12 billion during the quarter, compared to analyst estimates of $21.95 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%.The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.48 earnings per share. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. On average, research analysts expect that Sysco Corporation will post 5.1 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 2nd will be given a dividend of $0.55 per share. The ex-dividend date is Friday, October 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. Sysco’s dividend payout ratio (DPR) is presently 60.11%.

Sysco Company Profile

Sysco Corporation is a global foodservice distributor headquartered in Houston, Texas. The company supplies restaurants, hotels, healthcare facilities, educational institutions, government organizations and other foodservice customers with a broad range of products and related services.

Sysco’s offerings include fresh and frozen foods, meat and seafood, dairy products, produce, canned and dry goods, beverages, specialty and international foods, and prepared and ready-to-use items. The company also distributes nonfood products such as kitchen equipment, tableware, cleaning supplies and other operating supplies.