Woodstock Corp Has $5.77 Million Stake in Sysco Corporation $SYY

Woodstock Corp decreased its stake in Sysco Corporation (NYSE:SYY) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,159 shares of the company’s stock after selling 1,415 shares during the quarter. Woodstock Corp’s holdings in Sysco were worth $5,768,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SYY. Boston Partners boosted its stake in Sysco by 24.8% in the 1st quarter. Boston Partners now owns 15,199,828 shares of the company’s stock valued at $1,139,798,000 after buying an additional 3,015,714 shares in the last quarter. Canoe Financial LP boosted its stake in Sysco by 29,610.4% in the first quarter. Canoe Financial LP now owns 1,431,149 shares of the company’s stock worth $107,393,000 after purchasing an additional 1,426,332 shares in the last quarter. Nuveen LLC acquired a new position in Sysco in the first quarter worth $85,341,000. Burgundy Asset Management Ltd. boosted its stake in Sysco by 251.6% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,452,073 shares of the company’s stock worth $111,026,000 after purchasing an additional 1,039,088 shares in the last quarter. Finally, Amundi boosted its stake in Sysco by 36.5% in the first quarter. Amundi now owns 3,725,508 shares of the company’s stock worth $280,941,000 after purchasing an additional 995,498 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Down 1.7%

NYSE:SYY opened at $79.91 on Tuesday. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. The company has a market cap of $38.74 billion, a PE ratio of 21.42, a PEG ratio of 2.52 and a beta of 0.80. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.17. The stock has a 50-day simple moving average of $79.76 and a 200 day simple moving average of $75.39.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. The business had revenue of $21.14 billion during the quarter, compared to the consensus estimate of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.Sysco’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $1.39 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, sell-side analysts expect that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, October 3rd. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

Wall Street Analyst Weigh In

A number of research firms have commented on SYY. Morgan Stanley boosted their price objective on Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. Wells Fargo & Company set a $88.00 price target on Sysco and gave the company an “overweight” rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. upped their price target on Sysco from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, May 20th. UBS Group set a $90.00 price target on Sysco in a research note on Wednesday, July 30th. Finally, Barclays upped their price target on Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Sysco has an average rating of “Moderate Buy” and an average target price of $85.69.

Insider Buying and Selling

In other Sysco news, EVP Ronald L. Phillips sold 37,606 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total value of $3,046,086.00. Following the completion of the transaction, the executive vice president directly owned 30,235 shares in the company, valued at $2,449,035. This trade represents a 55.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Greg D. Bertrand sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the transaction, the executive vice president owned 56,304 shares of the company’s stock, valued at approximately $4,504,320. This represents a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,338 shares of company stock valued at $7,439,331. Corporate insiders own 0.54% of the company’s stock.

Sysco Profile

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.