Sysco Corporation $SYY Shares Sold by Burney Co.

Burney Co. lessened its holdings in shares of Sysco Corporation (NYSE:SYY) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,353 shares of the company’s stock after selling 763 shares during the quarter. Burney Co.’s holdings in Sysco were worth $1,996,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its stake in Sysco by 1.0% during the 1st quarter. Invesco Ltd. now owns 17,070,502 shares of the company’s stock worth $1,280,970,000 after purchasing an additional 162,961 shares during the last quarter. Boston Partners boosted its stake in Sysco by 24.8% during the 1st quarter. Boston Partners now owns 15,199,828 shares of the company’s stock worth $1,139,798,000 after purchasing an additional 3,015,714 shares during the last quarter. Diamond Hill Capital Management Inc. boosted 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 worth $551,810,000 after purchasing an additional 146,573 shares during the last quarter. Northern Trust Corp boosted 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 worth $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 boosted its position in shares of 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 acquiring an additional 391,614 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Trading Up 0.2%

NYSE SYY opened at $73.04 on Wednesday. The firm’s 50-day moving average is $79.82 and its two-hundred day moving average is $77.10. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $83.47. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.70. The stock has a market capitalization of $34.98 billion, a P/E ratio of 19.58, a PEG ratio of 2.19 and a beta of 0.82.

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

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 3rd were given a $0.54 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 3.0%. Sysco’s dividend payout ratio is presently 57.91%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SYY. Morgan Stanley set a $88.00 price target on shares of Sysco in a research report on Tuesday, October 21st. UBS Group set a $90.00 price target on shares of Sysco in a research report on Wednesday, July 30th. Weiss Ratings raised shares of Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Finally, Barclays boosted their price target on shares of Sysco from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Insider Transactions at Sysco

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 $3,361,581. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 14,732 shares of company stock worth $1,193,245 in the last 90 days. 0.56% of the stock is owned by corporate insiders.

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.