Metis Global Partners LLC Sells 2,237 Shares of Sysco Corporation $SYY

Metis Global Partners LLC reduced its stake in Sysco Corporation (NYSE:SYY) by 11.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,495 shares of the company’s stock after selling 2,237 shares during the quarter. Metis Global Partners LLC’s holdings in Sysco were worth $1,325,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. KCM Investment Advisors LLC raised its stake in shares of Sysco by 3.0% in the second quarter. KCM Investment Advisors LLC now owns 11,074 shares of the company’s stock worth $839,000 after buying an additional 323 shares during the period. Carnegie Lake Advisors LLC increased its holdings in Sysco by 2.6% in the 2nd quarter. Carnegie Lake Advisors LLC now owns 7,850 shares of the company’s stock worth $595,000 after acquiring an additional 200 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new stake in Sysco during the 2nd quarter worth approximately $1,646,000. Bryn Mawr Trust Advisors LLC lifted its holdings in Sysco by 8.6% during the second quarter. Bryn Mawr Trust Advisors LLC now owns 96,031 shares of the company’s stock valued at $7,273,000 after purchasing an additional 7,585 shares in the last quarter. Finally, Sound Financial Strategies Group LLC boosted its position in shares of Sysco by 3.0% in the second quarter. Sound Financial Strategies Group LLC now owns 10,325 shares of the company’s stock worth $782,000 after purchasing an additional 297 shares during the period. Institutional investors own 83.41% of the company’s stock.

Sysco Trading Down 0.8%

Shares of SYY stock opened at $74.57 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 5.54. The stock has a market capitalization of $35.71 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47. The stock’s 50-day moving average price is $79.32 and its 200-day moving average price is $77.14.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.03. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The business had revenue of $21.15 billion during the quarter, compared to analysts’ expectations of $21.03 billion. During the same quarter last year, the business posted $1.09 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities research analysts predict that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 3rd were issued a $0.54 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. Sysco’s dividend payout ratio (DPR) is 57.91%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SYY. Wells Fargo & Company set a $88.00 target price on shares of Sysco and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Morgan Stanley set a $88.00 price objective on Sysco in a research report on Tuesday, October 21st. Truist Financial upped their price objective on Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Weiss Ratings downgraded Sysco from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday. Finally, Barclays upped their price target on Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Insiders Place Their Bets

In related news, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 14,598 shares of company stock valued at $1,182,438 in the last quarter. Insiders own 0.56% of the company’s stock.

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.