Sysco Corporation $SYY Stake Cut by Clark & Stuart Inc

Clark & Stuart Inc lowered its stake in Sysco Corporation (NYSE:SYY) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,084 shares of the company’s stock after selling 1,285 shares during the quarter. Sysco makes up 5.6% of Clark & Stuart Inc’s investment portfolio, making the stock its 6th largest position. Clark & Stuart Inc’s holdings in Sysco were worth $7,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SYY. Chung Wu Investment Group LLC bought a new position in shares of Sysco in the second quarter valued at approximately $30,000. Golden State Wealth Management LLC increased its holdings in Sysco by 48.4% during the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in Sysco in the 1st quarter worth approximately $33,000. Cheviot Value Management LLC bought a new position in Sysco in the 1st quarter valued at $34,000. Finally, 1248 Management LLC purchased a new position in shares of Sysco during the 1st quarter valued at $35,000. 83.41% of the stock is currently owned by institutional investors.

Sysco Price Performance

SYY opened at $80.86 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. The stock has a market capitalization of $38.69 billion, a P/E ratio of 21.68, a PEG ratio of 2.54 and a beta of 0.82. The stock has a 50-day moving average price of $80.87 and a 200-day moving average price of $76.22. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. The company had revenue of $21.14 billion during the quarter, compared to the consensus estimate of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.Sysco’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities analysts predict that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. Sysco’s dividend payout ratio is 57.91%.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the completion of the sale, the executive vice president directly owned 56,304 shares in the company, valued at $4,504,320. This represents a 41.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ronald L. Phillips sold 37,606 shares of Sysco stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total value of $3,046,086.00. Following the completion of the transaction, the executive vice president owned 30,235 shares in the company, valued at approximately $2,449,035. This represents a 55.43% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,338 shares of company stock worth $7,439,331. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SYY shares. Barclays increased their price objective on Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Wells Fargo & Company set a $88.00 price target on Sysco and gave the company an “overweight” rating in a report on Tuesday, July 29th. Morgan Stanley lifted their price target on Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sysco in a research note on Saturday, September 27th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.85.

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.