Rockefeller Capital Management L.P. Increases Stake in Sysco Corporation $SYY

Rockefeller Capital Management L.P. increased its holdings in Sysco Corporation (NYSE:SYY) by 17.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,633 shares of the company’s stock after acquiring an additional 9,543 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Sysco were worth $4,973,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Chung Wu Investment Group LLC purchased a new stake in shares of Sysco in the 2nd quarter worth approximately $30,000. N.E.W. Advisory Services LLC bought a new position in Sysco in the first quarter worth approximately $33,000. Cheviot Value Management LLC purchased a new stake in Sysco during the first quarter worth $34,000. 1248 Management LLC bought a new stake in Sysco during the 1st quarter valued at $35,000. Finally, Banque Transatlantique SA purchased a new position in shares of Sysco in the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

SYY opened at $76.70 on Friday. The company has a market cap of $36.73 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. The firm’s 50-day moving average price is $78.28 and its 200-day moving average price is $77.36. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The company had revenue of $21.15 billion during the quarter, compared to analysts’ expectations of $21.03 billion. During the same period last year, the business earned $1.09 EPS. Sysco’s revenue for the quarter was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 2nd will be paid a $0.54 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.8%. Sysco’s dividend payout ratio (DPR) is 57.91%.

Insider Buying and Selling

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $81.00, for a total transaction of $77,841.00. Following the sale, the executive vice president owned 41,501 shares in the company, valued at approximately $3,361,581. The trade was a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

SYY has been the subject of a number of analyst reports. Truist Financial upped their price objective on Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Sysco in a research report on Wednesday. Barclays lifted their price objective on shares of Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. UBS Group set a $90.00 price objective on shares of Sysco in a research note on Wednesday, July 30th. Finally, Morgan Stanley set a $88.00 target price on shares of Sysco in a research note on Tuesday, October 21st. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

About Sysco

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.