R Squared Ltd Sells 9,336 Shares of Sysco Corporation $SYY

R Squared Ltd lessened its holdings in shares of Sysco Corporation (NYSE:SYY) by 61.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,902 shares of the company’s stock after selling 9,336 shares during the period. R Squared Ltd’s holdings in Sysco were worth $421,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SYY. Burney Co. increased its holdings in Sysco by 13.2% in the first quarter. Burney Co. now owns 55,581 shares of the company’s stock valued at $3,965,000 after purchasing an additional 6,461 shares during the period. Swedbank AB lifted its holdings in Sysco by 17.1% during the 1st quarter. Swedbank AB now owns 631,228 shares of the company’s stock worth $45,025,000 after buying an additional 92,166 shares during the period. Kiley Juergens Wealth Management LLC acquired a new position in Sysco during the 1st quarter worth about $379,000. Steigerwald Gordon & Koch Inc. grew its position in shares of Sysco by 0.9% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 192,294 shares of the company’s stock valued at $13,716,000 after buying an additional 1,730 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its position in shares of Sysco by 14.0% in the 1st quarter. Raleigh Capital Management Inc. now owns 4,283 shares of the company’s stock valued at $305,000 after buying an additional 525 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SYY shares. Melius Research downgraded Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays reduced their target price on Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a report on Friday, June 26th. Finally, Sanford C. Bernstein dropped their price target on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Sysco currently has a consensus rating of “Hold” and a consensus target price of $88.15.

Insider Activity

In other Sysco news, Director John M. Hinshaw purchased 13,304 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the acquisition, the director owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. This represents a 49.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.56% of the company’s stock.

Sysco Trading Up 0.2%

SYY traded up $0.13 during trading on Tuesday, reaching $84.36. 873,677 shares of the stock traded hands, compared to its average volume of 4,317,675. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58. The stock’s 50-day moving average is $76.88 and its 200 day moving average is $78.91. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85. The stock has a market capitalization of $40.34 billion, a PE ratio of 23.34, a P/E/G ratio of 3.21 and a beta of 0.64.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. During the same period last year, the business posted $0.96 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Equities analysts anticipate that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.6%. This is a boost from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 2nd. Sysco’s payout ratio is presently 60.94%.

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.