Sysco Corporation $SYY Shares Sold by Chilton Capital Management LLC

Chilton Capital Management LLC trimmed its position in Sysco Corporation (NYSE:SYY) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,882 shares of the company’s stock after selling 2,178 shares during the quarter. Chilton Capital Management LLC’s holdings in Sysco were worth $2,642,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wealthfront Advisers LLC grew its stake in Sysco by 22.2% during the second quarter. Wealthfront Advisers LLC now owns 81,747 shares of the company’s stock worth $6,192,000 after buying an additional 14,834 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Sysco by 4.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 100,620 shares of the company’s stock worth $7,621,000 after purchasing an additional 4,375 shares during the period. Prudent Man Advisors LLC increased its holdings in Sysco by 30.3% in the 2nd quarter. Prudent Man Advisors LLC now owns 8,485 shares of the company’s stock valued at $643,000 after purchasing an additional 1,974 shares in the last quarter. Cabot Wealth Management Inc. raised its position in Sysco by 3.0% in the second quarter. Cabot Wealth Management Inc. now owns 153,870 shares of the company’s stock valued at $11,654,000 after purchasing an additional 4,436 shares during the period. Finally, Brighton Jones LLC boosted its position in shares of Sysco by 4.3% in the second quarter. Brighton Jones LLC now owns 90,338 shares of the company’s stock worth $6,842,000 after buying an additional 3,760 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insiders Place Their Bets

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $81.00, for a total transaction of $77,841.00. Following the sale, the executive vice president directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 14,732 shares of company stock valued at $1,193,245 over the last three months. Corporate insiders own 0.56% of the company’s stock.

Sysco Stock Down 1.2%

Sysco stock opened at $77.30 on Friday. The firm has a market capitalization of $36.99 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.39 and a beta of 0.82. The company has a 50-day simple moving average of $80.53 and a 200-day simple moving average of $76.84. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21.

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

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 3rd were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, October 3rd. Sysco’s payout ratio is currently 57.91%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company set a $88.00 target price on Sysco and gave the company an “overweight” rating in a report on Tuesday, July 29th. Bank of America boosted their target price on shares of Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Citigroup boosted their price target on Sysco from $84.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Guggenheim increased their target price on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Finally, Truist Financial upped their target price on shares of Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.