Los Angeles Capital Management LLC Reduces Stock Holdings in Sysco Corporation $SYY

Los Angeles Capital Management LLC cut its position in shares of Sysco Corporation (NYSE:SYY) by 59.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,715 shares of the company’s stock after selling 158,478 shares during the period. Los Angeles Capital Management LLC’s holdings in Sysco were worth $8,083,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Leavell Investment Management Inc. lifted its holdings in Sysco by 4.6% in the first quarter. Leavell Investment Management Inc. now owns 5,926 shares of the company’s stock valued at $445,000 after acquiring an additional 259 shares during the last quarter. Cerity Partners LLC increased its stake in Sysco by 13.1% during the first quarter. Cerity Partners LLC now owns 187,646 shares of the company’s stock worth $14,081,000 after acquiring an additional 21,757 shares during the last quarter. Diversify Wealth Management LLC raised its position in Sysco by 6.7% in the first quarter. Diversify Wealth Management LLC now owns 9,623 shares of the company’s stock valued at $676,000 after purchasing an additional 606 shares during the period. Ballentine Partners LLC lifted its stake in shares of Sysco by 10.2% in the 1st quarter. Ballentine Partners LLC now owns 13,169 shares of the company’s stock valued at $988,000 after purchasing an additional 1,219 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Sysco by 3.2% during the 1st quarter. Arizona State Retirement System now owns 144,142 shares of the company’s stock worth $10,816,000 after purchasing an additional 4,513 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Guggenheim boosted their price objective on shares of Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a report on Monday, October 6th. Citigroup dropped their price target on shares of Sysco from $86.00 to $82.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Morgan Stanley set a $88.00 price objective on shares of Sysco in a report on Tuesday, October 21st. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Truist Financial boosted their target price on Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Insider Transactions at Sysco

In other news, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the completion of the transaction, the executive vice president owned 41,501 shares in the company, valued at approximately $3,361,581. This trade represents a 2.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 14,598 shares of company stock valued at $1,182,438. 0.56% of the stock is owned by company insiders.

Sysco Price Performance

Sysco stock opened at $75.22 on Monday. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47. The firm has a market cap of $36.02 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. The company’s 50 day moving average is $79.44 and its two-hundred day moving average is $77.13.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. 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 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 3rd were issued a dividend of $0.54 per share. The ex-dividend date was Friday, October 3rd. This represents a $2.16 annualized dividend and a yield of 2.9%. 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.