Sysco Corporation $SYY Shares Sold by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. lowered its stake in Sysco Corporation (NYSE:SYY) by 16.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,300 shares of the company’s stock after selling 2,000 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Sysco were worth $780,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Chung Wu Investment Group LLC acquired a new stake in Sysco during the 2nd quarter valued at approximately $30,000. Golden State Wealth Management LLC grew its stake in Sysco by 48.4% during the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Sysco during the 1st quarter valued at approximately $33,000. Cheviot Value Management LLC acquired a new stake in Sysco during the 1st quarter valued at approximately $34,000. Finally, 1248 Management LLC acquired a new stake in Sysco during the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In related news, EVP Ronald L. Phillips sold 961 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the sale, the executive vice president owned 41,501 shares of the company’s stock, valued at approximately $3,361,581. This trade represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 14,732 shares of company stock valued at $1,193,245. Company insiders own 0.56% of the company’s stock.

Sysco Trading Down 1.2%

NYSE:SYY opened at $77.30 on Monday. The company has a market cap of $36.99 billion, a PE ratio of 20.72, a P/E/G ratio of 2.39 and a beta of 0.82. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.47. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75. The business’s 50 day moving average is $80.53 and its two-hundred day moving average is $76.88.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.09. The business had revenue of $21.14 billion for 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%.The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, analysts predict that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 3rd were issued a $0.54 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $2.16 annualized dividend and a dividend yield of 2.8%. Sysco’s dividend payout ratio (DPR) is 57.91%.

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.