North Star Asset Management Inc. Trims Stock Position in Sysco Corporation $SYY

North Star Asset Management Inc. decreased its position in Sysco Corporation (NYSE:SYY) by 2.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 138,821 shares of the company’s stock after selling 3,571 shares during the period. North Star Asset Management Inc.’s holdings in Sysco were worth $10,514,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Avantax Advisory Services Inc. grew its position in Sysco by 1.7% in the first quarter. Avantax Advisory Services Inc. now owns 26,705 shares of the company’s stock worth $2,004,000 after acquiring an additional 438 shares during the period. Assetmark Inc. lifted its stake in shares of Sysco by 34.3% in the 1st quarter. Assetmark Inc. now owns 2,292 shares of the company’s stock valued at $172,000 after purchasing an additional 586 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Sysco by 5.0% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 103,349 shares of the company’s stock worth $7,755,000 after purchasing an additional 4,924 shares during the period. HB Wealth Management LLC increased its position in shares of Sysco by 16.0% during the 1st quarter. HB Wealth Management LLC now owns 22,392 shares of the company’s stock worth $1,680,000 after purchasing an additional 3,094 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in Sysco by 12.4% in the 1st quarter. TD Asset Management Inc now owns 212,315 shares of the company’s stock valued at $15,932,000 after buying an additional 23,373 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. UBS Group set a $90.00 target price on shares of Sysco in a research note on Wednesday, July 30th. Barclays increased their price objective on shares of Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Truist Financial lifted their target price on shares of Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Wells Fargo & Company set a $88.00 price target on Sysco and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Insider Activity

In other news, EVP Ronald L. Phillips sold 7,351 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $81.00, for a total transaction of $595,431.00. Following the completion of the transaction, the executive vice president directly owned 41,837 shares of the company’s stock, valued at approximately $3,388,797. The trade was a 14.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.56% of the company’s stock.

Sysco Price Performance

Sysco stock opened at $74.69 on Tuesday. 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 firm has a market cap of $35.77 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. The company’s 50 day moving average is $78.18 and its two-hundred day moving average is $77.48.

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

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.9%. Sysco’s dividend payout ratio (DPR) is currently 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.