Dillon & Associates Inc. Reduces Stock Holdings in Sysco Corporation $SYY

Dillon & Associates Inc. lessened its position in shares of Sysco Corporation (NYSE:SYY) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,758 shares of the company’s stock after selling 801 shares during the quarter. Dillon & Associates Inc.’s holdings in Sysco were worth $1,274,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Invesco Ltd. grew its stake in Sysco by 1.0% during the 1st quarter. Invesco Ltd. now owns 17,070,502 shares of the company’s stock valued at $1,280,970,000 after purchasing an additional 162,961 shares during the last quarter. Boston Partners grew its stake in Sysco by 24.8% during the 1st quarter. Boston Partners now owns 15,199,828 shares of the company’s stock valued at $1,139,798,000 after purchasing an additional 3,015,714 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in Sysco by 2.0% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 7,353,551 shares of the company’s stock valued at $551,810,000 after purchasing an additional 146,573 shares during the last quarter. Northern Trust Corp grew its stake in Sysco by 2.6% during the 1st quarter. Northern Trust Corp now owns 5,828,930 shares of the company’s stock valued at $437,403,000 after purchasing an additional 145,477 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Sysco by 8.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,087,250 shares of the company’s stock valued at $381,747,000 after purchasing an additional 391,614 shares during the last quarter. 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 Sysco 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. The trade was a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 14,732 shares of company stock valued at $1,193,245. 0.56% of the stock is currently owned by insiders.

Sysco Trading Down 1.9%

SYY opened at $72.84 on Tuesday. The firm has a market cap of $34.88 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.19 and a beta of 0.82. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.47. The business has a fifty day simple moving average of $79.95 and a 200-day simple moving average of $77.09.

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

Sysco Announces Dividend

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 dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.0%. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SYY shares. Citigroup lowered their target price on Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a research note on Monday. UBS Group set a $90.00 price target on Sysco in a report on Wednesday, July 30th. Bank of America upped their price target on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Guggenheim upped their price target on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Ten investment 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 a consensus price target of $87.00.

Sysco Company 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.