Sysco Corporation $SYY Shares Sold by NBT Bank N A NY

NBT Bank N A NY cut its holdings in Sysco Corporation (NYSE:SYY) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,173 shares of the company’s stock after selling 250 shares during the quarter. NBT Bank N A NY’s holdings in Sysco were worth $1,755,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Invesco Ltd. increased its stake in Sysco by 1.0% in the first quarter. Invesco Ltd. now owns 17,070,502 shares of the company’s stock valued at $1,280,970,000 after purchasing an additional 162,961 shares during the period. Boston Partners increased its stake in Sysco by 24.8% in the first quarter. Boston Partners now owns 15,199,828 shares of the company’s stock valued at $1,139,798,000 after purchasing an additional 3,015,714 shares during the period. Diamond Hill Capital Management Inc. increased its stake in Sysco by 2.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 7,353,551 shares of the company’s stock valued at $551,810,000 after purchasing an additional 146,573 shares during the period. Northern Trust Corp increased its stake in Sysco by 2.6% in the first quarter. Northern Trust Corp now owns 5,828,930 shares of the company’s stock valued at $437,403,000 after purchasing an additional 145,477 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Sysco by 8.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,087,250 shares of the company’s stock valued at $381,747,000 after purchasing an additional 391,614 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $81.00, for a total value of $77,841.00. Following the sale, the executive vice president owned 41,501 shares of the company’s stock, valued at $3,361,581. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 trade represents a 41.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,338 shares of company stock worth $7,439,331 in the last ninety days. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

SYY has been the topic of a number of recent analyst reports. Guggenheim boosted their price target on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley boosted their price target on shares of Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Barclays boosted their price target on shares of Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Finally, Bank of America boosted their price target on shares of Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $85.85.

Sysco Stock Down 1.5%

SYY stock opened at $78.76 on Thursday. The company has a market cap of $37.69 billion, a P/E ratio of 21.12, a P/E/G ratio of 2.48 and a beta of 0.82. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.47. The company’s 50-day moving average price is $80.87 and its 200 day moving average price is $76.26. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. The firm had revenue of $21.14 billion for the quarter, compared to the consensus estimate of $21.01 billion. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 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 earnings per share for the current fiscal year.

Sysco Dividend Announcement

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

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.