Sysco (NYSE:SYY) EVP Ronald Phillips Sells 5,601 Shares

Sysco Corporation (NYSE:SYYGet Free Report) EVP Ronald Phillips sold 5,601 shares of Sysco stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the sale, the executive vice president owned 35,965 shares in the company, valued at $2,913,165. The trade was a 13.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Sysco Stock Up 0.6%

Shares of Sysco stock traded up $0.51 during trading hours on Thursday, reaching $84.02. 4,081,713 shares of the company’s stock were exchanged, compared to its average volume of 4,364,353. The stock has a market cap of $40.23 billion, a P/E ratio of 22.52, a P/E/G ratio of 2.67 and a beta of 0.61. The company has a 50 day moving average of $75.30 and a two-hundred day moving average of $77.82. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 5.45. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $85.33.

Sysco (NYSE:SYYGet Free Report) last released its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The business had revenue of $20.76 billion for the quarter, compared to analyst estimates of $20.80 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. Sysco’s revenue was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, sell-side analysts forecast that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, January 2nd. Sysco’s dividend payout ratio is presently 58.06%.

Sysco News Roundup

Here are the key news stories impacting Sysco this week:

Institutional Trading of Sysco

Several hedge funds and other institutional investors have recently bought and sold shares of the business. 1620 Investment Advisors Inc. increased its holdings in shares of Sysco by 2.6% during the third quarter. 1620 Investment Advisors Inc. now owns 4,904 shares of the company’s stock worth $404,000 after purchasing an additional 126 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Sysco by 0.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 40,852 shares of the company’s stock worth $3,364,000 after acquiring an additional 130 shares during the period. Facet Wealth Inc. raised its holdings in Sysco by 1.2% in the 2nd quarter. Facet Wealth Inc. now owns 10,671 shares of the company’s stock valued at $849,000 after acquiring an additional 131 shares in the last quarter. Ellis Investment Partners LLC lifted its position in shares of Sysco by 4.9% during the 2nd quarter. Ellis Investment Partners LLC now owns 2,820 shares of the company’s stock valued at $214,000 after acquiring an additional 133 shares during the period. Finally, Silver Oak Securities Incorporated grew its holdings in shares of Sysco by 4.0% during the 3rd quarter. Silver Oak Securities Incorporated now owns 3,493 shares of the company’s stock worth $288,000 after purchasing an additional 134 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

SYY has been the topic of several analyst reports. Jefferies Financial Group upped their price target on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Citigroup lifted their target price on Sysco from $81.00 to $88.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Barclays raised their price target on Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.38.

Check Out Our Latest Stock Analysis on Sysco

About Sysco

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Sysco (NYSE:SYY)

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