Sysco Corporation $SYY Shares Sold by Field & Main Bank

Field & Main Bank decreased its holdings in Sysco Corporation (NYSE:SYY) by 6.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,930 shares of the company’s stock after selling 410 shares during the quarter. Field & Main Bank’s holdings in Sysco were worth $449,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Facet Wealth Inc. grew its stake in shares of Sysco by 1.2% during the second quarter. Facet Wealth Inc. now owns 10,671 shares of the company’s stock worth $849,000 after acquiring an additional 131 shares during the last quarter. Ellis Investment Partners LLC boosted its stake in Sysco by 4.9% in the 2nd quarter. Ellis Investment Partners LLC now owns 2,820 shares of the company’s stock worth $214,000 after purchasing an additional 133 shares in the last quarter. Golden State Wealth Management LLC grew its position in Sysco by 48.4% during the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares during the last quarter. Stephens Inc. AR increased its stake in Sysco by 0.6% during the 2nd quarter. Stephens Inc. AR now owns 25,040 shares of the company’s stock valued at $1,897,000 after purchasing an additional 140 shares in the last quarter. Finally, Trust Co of the South raised its holdings in shares of Sysco by 3.0% in the second quarter. Trust Co of the South now owns 4,849 shares of the company’s stock worth $367,000 after buying an additional 142 shares during the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total value of $77,841.00. Following the transaction, the executive vice president directly owned 41,501 shares of the company’s stock, valued at $3,361,581. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 14,732 shares of company stock valued at $1,193,245. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Citigroup raised their target price on shares of Sysco from $84.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Wells Fargo & Company set a $88.00 price target on Sysco and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Sanford C. Bernstein initiated coverage on Sysco in a research note on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 target price on the stock. Finally, Bank of America lifted their price target on Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.31.

Sysco Stock Performance

NYSE SYY opened at $74.26 on Thursday. The stock has a market capitalization of $35.54 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.24 and a beta of 0.82. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47. The stock has a 50-day moving average of $80.30 and a 200 day moving average of $77.00. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 5.54.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. The firm had revenue of $21.15 billion for the quarter, compared to analysts’ expectations of $21.03 billion. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Sell-side analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 3rd were given a dividend of $0.54 per share. The ex-dividend date was Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 2.9%. Sysco’s payout ratio is presently 57.91%.

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.