Trillium Asset Management LLC Trims Holdings in Sysco Corporation $SYY

Trillium Asset Management LLC trimmed its position in Sysco Corporation (NYSE:SYY) by 35.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,996 shares of the company’s stock after selling 54,467 shares during the period. Trillium Asset Management LLC’s holdings in Sysco were worth $7,682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. purchased a new position in Sysco in the 3rd quarter valued at about $25,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Sysco during the fourth quarter worth $25,000. Torren Management LLC acquired a new stake in shares of Sysco during the fourth quarter worth $27,000. Elyxium Wealth LLC acquired a new stake in shares of Sysco during the fourth quarter worth $28,000. Finally, Navalign LLC acquired a new stake in shares of Sysco during the fourth quarter worth $29,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Stock Down 0.6%

Shares of NYSE:SYY opened at $79.14 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. The company has a fifty day simple moving average of $74.73 and a 200 day simple moving average of $78.18. The firm has a market cap of $37.84 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 3.25 and a beta of 0.65. Sysco Corporation has a 12-month low of $68.19 and a 12-month high of $91.85.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The company had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, equities research analysts anticipate that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, July 2nd. This is a positive change from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 2.8%. Sysco’s payout ratio is presently 59.83%.

Insiders Place Their Bets

In other Sysco news, Director John M. Hinshaw bought 13,304 shares of the stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the purchase, the director directly owned 40,200 shares in the company, valued at approximately $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SYY shares. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Sanford C. Bernstein decreased their target price on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft cut shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a research report on Tuesday, April 28th. Citigroup lifted their price target on shares of Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Barclays reduced their price target on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Sysco has a consensus rating of “Moderate Buy” and a consensus target price of $88.15.

Sysco Profile

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.