First Nebraska Trust Co purchased a new position in Sysco Corporation (NYSE:SYY – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,248,938 shares of the company’s stock, valued at approximately $175,327,000. Sysco comprises 14.4% of First Nebraska Trust Co’s holdings, making the stock its biggest holding. First Nebraska Trust Co owned 0.46% of Sysco as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sunbelt Securities Inc. lifted its holdings in shares of Sysco by 87.6% in the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in Sysco by 718.6% during the third quarter. Salomon & Ludwin LLC now owns 352 shares of the company’s stock valued at $27,000 after buying an additional 309 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Sysco in the second quarter valued at approximately $29,000. Markowski Investments acquired a new position in Sysco during the 2nd quarter worth $31,000. Finally, Parvin Asset Management LLC bought a new stake in Sysco during the 2nd quarter valued at approximately $32,000. Institutional investors and hedge funds own 83.41% of the company’s stock.
Sysco Price Performance
Shares of SYY stock opened at $74.12 on Wednesday. The stock’s fifty day moving average is $80.30 and its 200-day moving average is $80.52. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28. The stock has a market capitalization of $36.46 billion, a PE ratio of 20.25, a PEG ratio of 2.30 and a beta of 0.66. Sysco Corporation has a 52 week low of $68.19 and a 52 week high of $91.85.
Sysco (NYSE:SYY – Get Free Report) last announced its earnings results on Tuesday, November 3rd. The company reported $1.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.19. Sysco had a return on equity of 95.05% and a net margin of 2.08%. The company had revenue of $21.74 billion during the quarter, compared to analyst estimates of $22.02 billion. During the same period last year, the company posted $1.15 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts expect that Sysco Corporation will post 5.09 EPS for the current fiscal year.
Sysco Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 2nd were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, October 2nd. Sysco’s dividend payout ratio (DPR) is presently 60.11%.
Key Stories Impacting Sysco
Here are the key news stories impacting Sysco this week:
- Positive Sentiment: Local case volume grew 2.7% in the first quarter, and Sysco reiterated its fiscal 2027 adjusted EPS growth outlook of 9%–11%. The company also expects its AI transformation efforts to generate $100 million in savings in fiscal 2027. Sysco: 3 Key Takeaways for Long-Term Investors
- Neutral Sentiment: Sysco reported adjusted first-quarter EPS of $1.19, in line with the company’s cited consensus estimate and ahead of the $1.17 estimate reported by Zacks. It also named interim CFO Brandon Sewell as permanent CFO, providing continuity in the finance leadership role. Sysco Q1 Earnings: Sales Miss Estimates, Full-Year EPS Outlook Unchanged
- Negative Sentiment: Revenue of $21.74 billion was below the $22.02 billion analyst estimate, despite increasing 2.8% year over year. The company said a cyclosporiasis outbreak affected first-quarter sales, while costs related to the Jetro acquisition and concerns around sales guidance added pressure. The revenue miss appears to have outweighed the EPS result and reaffirmed full-year earnings outlook. Food distributor Sysco says cyclosporiasis outbreak hit Q1 sales Sysco under pressure on Jetro acquisition costs, FY sales guidance
Insider Buying and Selling at Sysco
In other Sysco news, EVP Ronald Phillips sold 7,350 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $83.61, for a total value of $614,533.50. Following the completion of the transaction, the executive vice president directly owned 38,650 shares of the company’s stock, valued at approximately $3,231,526.50. The trade was a 15.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 15,525 shares of company stock valued at $1,299,736 over the last ninety days. Insiders own 0.55% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on SYY. Piper Sandler upped their price objective on shares of Sysco from $77.00 to $84.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Morgan Stanley increased their target price on shares of Sysco from $88.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 15th. JPMorgan Chase & Co. reduced their price target on shares of Sysco from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Sysco in a report on Monday, October 26th. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.42.
Read Our Latest Analysis on SYY
Sysco Company Profile
Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.
The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.
Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.
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