Sysco Corporation $SYY Shares Sold by CSM Advisors LLC

CSM Advisors LLC cut its position in Sysco Corporation (NYSE:SYY) by 62.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,180 shares of the company’s stock after selling 81,280 shares during the period. CSM Advisors LLC’s holdings in Sysco were worth $3,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Gateway Investment Advisers LLC lifted its stake in Sysco by 594.8% during the third quarter. Gateway Investment Advisers LLC now owns 85,622 shares of the company’s stock worth $7,050,000 after purchasing an additional 73,298 shares during the last quarter. Norges Bank purchased a new position in Sysco in the second quarter valued at approximately $493,686,000. AE Wealth Management LLC increased its stake in Sysco by 320.9% in the third quarter. AE Wealth Management LLC now owns 79,589 shares of the company’s stock valued at $6,553,000 after purchasing an additional 60,680 shares during the last quarter. Krilogy Financial LLC raised its holdings in Sysco by 65.6% during the third quarter. Krilogy Financial LLC now owns 42,435 shares of the company’s stock worth $3,494,000 after purchasing an additional 16,807 shares in the last quarter. Finally, Accurate Wealth Management LLC purchased a new stake in shares of Sysco during the 3rd quarter worth approximately $2,497,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on SYY. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Barclays boosted their price target on shares of Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Citigroup upped their price objective on shares of Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. lifted their target price on Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.31.

Sysco Price Performance

Shares of NYSE:SYY opened at $85.43 on Monday. Sysco Corporation has a one year low of $67.12 and a one year high of $91.85. The stock has a market capitalization of $40.92 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.66 and a beta of 0.58. The company has a 50-day simple moving average of $83.45 and a 200-day simple moving average of $79.51. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30.

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

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, April 2nd. Sysco’s dividend payout ratio (DPR) is 58.06%.

Insider Buying and Selling

In related news, EVP Ronald L. Phillips sold 5,601 shares of Sysco stock in a transaction 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 transaction, the executive vice president directly owned 35,965 shares in the company, valued at $2,913,165. This trade represents a 13.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the transaction, the director directly owned 12,868 shares in the company, valued at $1,067,915.32. This represents a 17.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.