Harbour Trust & Investment Management Co Sells 739 Shares of Sysco Corporation $SYY

Harbour Trust & Investment Management Co lowered its stake in shares of Sysco Corporation (NYSE:SYY) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,912 shares of the company’s stock after selling 739 shares during the period. Harbour Trust & Investment Management Co’s holdings in Sysco were worth $4,538,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SYY. Chung Wu Investment Group LLC purchased a new position in Sysco in the 2nd quarter worth $30,000. Golden State Wealth Management LLC grew its position in Sysco by 48.4% during the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of Sysco during the 1st quarter valued at about $33,000. Cheviot Value Management LLC acquired a new stake in shares of Sysco during the 1st quarter valued at about $34,000. Finally, 1248 Management LLC acquired a new stake in shares of Sysco during the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Upgrades and Downgrades

SYY has been the topic of a number of research reports. Bank of America raised their price target on shares of Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Guggenheim lifted their price target on shares of Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Wall Street Zen upgraded shares of Sysco from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley lifted their target price on shares of Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Finally, Barclays boosted their price target on shares of Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.85.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the transaction, the executive vice president owned 56,304 shares in the company, valued at $4,504,320. The trade was a 41.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ronald L. Phillips sold 961 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total transaction of $77,841.00. Following the completion of the transaction, the executive vice president owned 41,501 shares in the company, valued at $3,361,581. This represents a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,338 shares of company stock valued at $7,439,331 over the last three months. Corporate insiders own 0.56% of the company’s stock.

Sysco Price Performance

Shares of NYSE:SYY opened at $78.21 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75. The company has a market cap of $37.42 billion, a P/E ratio of 20.97, a PEG ratio of 2.43 and a beta of 0.82. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.47. The company has a 50-day moving average price of $80.79 and a 200 day moving average price of $76.44.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.09. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The company had revenue of $21.14 billion during the quarter, compared to the consensus estimate of $21.01 billion. During the same period last year, the firm earned $1.39 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Research analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 annualized dividend and a dividend yield of 2.8%. Sysco’s payout ratio is currently 57.91%.

Sysco Company Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.