Edmond DE Rothschild Holding S.A. Sells 9,101 Shares of Sysco Corporation $SYY

Edmond DE Rothschild Holding S.A. decreased its position in Sysco Corporation (NYSE:SYY) by 94.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 534 shares of the company’s stock after selling 9,101 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Sysco were worth $40,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SYY. South Plains Financial Inc. lifted its holdings in Sysco by 17.0% during the second quarter. South Plains Financial Inc. now owns 1,375 shares of the company’s stock worth $104,000 after acquiring an additional 200 shares during the period. Clifford Capital Partners LLC increased its position in shares of Sysco by 3.1% during the 2nd quarter. Clifford Capital Partners LLC now owns 196,654 shares of the company’s stock valued at $14,895,000 after purchasing an additional 5,957 shares during the last quarter. Quadcap Wealth Management LLC bought a new stake in shares of Sysco during the 2nd quarter worth $322,000. Global Retirement Partners LLC bought a new position in Sysco during the second quarter valued at about $234,000. Finally, Boston Research & Management Inc. grew its position in Sysco by 3.8% during the second quarter. Boston Research & Management Inc. now owns 68,205 shares of the company’s stock valued at $5,165,000 after buying an additional 2,481 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SYY. Barclays boosted their target price on shares of Sysco from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Morgan Stanley set a $88.00 price objective on Sysco in a research note on Tuesday, October 21st. Sanford C. Bernstein started coverage on Sysco in a research report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 target price for the company. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Sysco in a report on Tuesday. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Sysco has an average rating of “Moderate Buy” and an average price target of $87.00.

Insider Buying and Selling at Sysco

In other news, EVP Ronald L. Phillips sold 961 shares of the 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 directly owned 41,501 shares of the company’s stock, valued at approximately $3,361,581. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Sysco Trading Up 0.1%

Shares of SYY stock opened at $75.99 on Friday. The stock has a market capitalization of $36.39 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 2.19 and a beta of 0.79. The company’s fifty day simple moving average is $77.82 and its two-hundred day simple moving average is $77.49. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.70.

Sysco (NYSE:SYY) last announced 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 company had revenue of $21.15 billion during the quarter, compared to analysts’ expectations of $21.03 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The firm’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. As a group, analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, January 2nd. Sysco’s payout ratio is presently 57.91%.

Sysco 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.