Sysco Corporation $SYY Shares Sold by Rathbones Group PLC

Rathbones Group PLC lessened its stake in shares of Sysco Corporation (NYSE:SYY) by 31.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,046 shares of the company’s stock after selling 29,709 shares during the quarter. Rathbones Group PLC’s holdings in Sysco were worth $4,851,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chung Wu Investment Group LLC acquired a new position in shares of Sysco in the 2nd quarter worth approximately $30,000. N.E.W. Advisory Services LLC purchased a new stake in Sysco in the first quarter valued at approximately $33,000. Cheviot Value Management LLC acquired a new position in Sysco during the first quarter worth $34,000. 1248 Management LLC purchased a new position in shares of Sysco during the first quarter worth $35,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Sysco in the first quarter valued at $35,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings cut shares of Sysco from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday. UBS Group set a $90.00 price objective on shares of Sysco in a research note on Wednesday, July 30th. Guggenheim upped their target price on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Barclays raised their price target on shares of Sysco from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Insider Activity

In other news, EVP Ronald L. Phillips sold 7,351 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $81.00, for a total transaction of $595,431.00. Following the completion of the transaction, the executive vice president directly owned 41,837 shares of the company’s stock, valued at approximately $3,388,797. This represents a 14.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 14,598 shares of company stock worth $1,182,438. Corporate insiders own 0.56% of the company’s stock.

Sysco Stock Up 3.2%

Shares of Sysco stock opened at $75.22 on Monday. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47. The company has a market capitalization of $36.02 billion, a P/E ratio of 20.17, a P/E/G ratio of 2.19 and a beta of 0.79. The company has a 50 day moving average of $79.44 and a 200 day moving average of $77.13.

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

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 3rd were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, October 3rd. Sysco’s payout ratio is 57.91%.

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.