Aurdan Capital Management LLC Has $2.54 Million Stock Position in Sysco Corporation $SYY

Aurdan Capital Management LLC cut its holdings in Sysco Corporation (NYSE:SYY) by 30.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 30,795 shares of the company’s stock after selling 13,597 shares during the quarter. Sysco makes up approximately 0.8% of Aurdan Capital Management LLC’s holdings, making the stock its 27th biggest holding. Aurdan Capital Management LLC’s holdings in Sysco were worth $2,536,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. 1620 Investment Advisors Inc. increased its position in Sysco by 2.6% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 4,904 shares of the company’s stock worth $404,000 after purchasing an additional 126 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Sysco by 0.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 40,852 shares of the company’s stock worth $3,364,000 after buying an additional 130 shares during the last quarter. Facet Wealth Inc. increased its holdings 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 buying an additional 131 shares in the last quarter. Ellis Investment Partners LLC lifted its stake in shares of Sysco by 4.9% in the 2nd quarter. Ellis Investment Partners LLC now owns 2,820 shares of the company’s stock valued at $214,000 after acquiring an additional 133 shares during the last quarter. Finally, Silver Oak Securities Incorporated boosted its holdings in shares of Sysco by 4.0% during the 3rd quarter. Silver Oak Securities Incorporated now owns 3,493 shares of the company’s stock valued at $288,000 after acquiring an additional 134 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SYY. Wells Fargo & Company upped their target price on Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco in a research note on Wednesday, January 28th. Morgan Stanley cut their target price on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. Argus upgraded shares of Sysco to a “hold” rating in a research report on Thursday, January 29th. Finally, Citigroup lifted their price target on shares of Sysco from $81.00 to $88.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and an average price target of $89.38.

Sysco Price Performance

Shares of NYSE SYY opened at $84.48 on Friday. The company has a market capitalization of $40.46 billion, a PE ratio of 22.71, a P/E/G ratio of 2.63 and a beta of 0.61. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $85.90. The firm has a fifty day simple moving average of $76.29 and a 200 day simple moving average of $78.09.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The business had revenue of $20.76 billion during the quarter, compared to the consensus estimate of $20.80 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, sell-side analysts forecast that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 2nd were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.16 annualized dividend and a yield of 2.6%. Sysco’s dividend payout ratio is currently 58.06%.

Insiders Place Their Bets

In other news, Director Sheila Talton sold 2,801 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the sale, the director directly owned 12,868 shares in the company, valued at $1,067,915.32. This trade represents a 17.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ronald L. Phillips sold 5,601 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the sale, the executive vice president directly owned 35,965 shares of the company’s stock, valued at $2,913,165. This trade represents a 13.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.56% of the company’s stock.

About Sysco

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.