Sysco Corporation $SYY Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Lowers Position

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its holdings in Sysco Corporation (NYSE:SYY) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 812,900 shares of the company’s stock after selling 25,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.17% of Sysco worth $63,374,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Soltis Investment Advisors LLC lifted its holdings in Sysco by 12.3% in the 3rd quarter. Soltis Investment Advisors LLC now owns 4,343 shares of the company’s stock worth $339,000 after purchasing an additional 475 shares in the last quarter. United Asset Strategies Inc. boosted its stake in Sysco by 2.1% in the 3rd quarter. United Asset Strategies Inc. now owns 22,675 shares of the company’s stock worth $1,768,000 after purchasing an additional 460 shares during the period. Choreo LLC grew its holdings in Sysco by 3.5% during the 3rd quarter. Choreo LLC now owns 18,192 shares of the company’s stock valued at $1,418,000 after buying an additional 612 shares in the last quarter. Interchange Capital Partners LLC purchased a new stake in Sysco during the 3rd quarter valued at approximately $212,000. Finally, Motley Fool Asset Management LLC grew its holdings in Sysco by 7.1% during the 3rd quarter. Motley Fool Asset Management LLC now owns 43,880 shares of the company’s stock valued at $3,421,000 after buying an additional 2,901 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. dropped their target price on shares of Sysco from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Guggenheim reiterated a “buy” rating and issued a $90.00 price target on shares of Sysco in a research note on Wednesday, September 16th. Finally, Weiss Ratings raised shares of Sysco from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 15th. Nine equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Sysco presently has an average rating of “Moderate Buy” and an average target price of $90.42.

Insider Activity at Sysco

In related news, EVP Ronald Phillips sold 7,350 shares of Sysco stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $83.61, for a total value 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 trade represents a 15.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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. Over the last ninety days, insiders have sold 15,525 shares of company stock valued at $1,299,736. 0.55% of the stock is currently owned by company insiders.

Sysco Trading Up 0.4%

Shares of SYY opened at $82.85 on Friday. The company’s fifty day moving average is $80.54 and its 200 day moving average is $80.51. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. The stock has a market capitalization of $40.76 billion, a PE ratio of 17.90, a P/E/G ratio of 2.32 and a beta of 0.64. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.51 by $0.02. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The business had revenue of $22.12 billion during the quarter, compared to analyst estimates of $21.95 billion. During the same quarter last year, the business earned $1.48 earnings per share. Sysco’s quarterly revenue was up 4.7% compared to the same quarter last year. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. Sell-side analysts expect that Sysco Corporation will post 5.09 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 2nd were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.7%. Sysco’s dividend payout ratio (DPR) is presently 60.11%.

About Sysco

Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.

The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.

Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.