Heartland Advisors Inc. Decreases Stock Holdings in Sysco Corporation $SYY

Heartland Advisors Inc. reduced its holdings in shares of Sysco Corporation (NYSE:SYY) by 16.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 155,123 shares of the company’s stock after selling 30,399 shares during the period. Heartland Advisors Inc.’s holdings in Sysco were worth $11,431,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SYY. Jackson Grant Investment Advisers Inc. purchased a new stake in Sysco during the third quarter worth approximately $25,000. Lloyd Advisory Services LLC. purchased a new stake in Sysco during the fourth quarter worth approximately $25,000. Torren Management LLC purchased a new stake in Sysco during the fourth quarter worth approximately $27,000. Elyxium Wealth LLC purchased a new stake in Sysco during the fourth quarter worth approximately $28,000. Finally, Navalign LLC purchased a new stake in Sysco during the fourth quarter worth approximately $29,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Guggenheim decreased their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Barclays reduced their target price 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. Wells Fargo & Company boosted their target price on shares of Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft cut shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a research report on Tuesday, April 28th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $88.15.

Insider Transactions at Sysco

In related news, Director John M. Hinshaw purchased 13,304 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the acquisition, the director directly owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. The trade was a 49.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Sysco Trading Up 1.5%

SYY opened at $78.68 on Thursday. The stock has a market capitalization of $37.62 billion, a PE ratio of 21.80, a P/E/G ratio of 3.17 and a beta of 0.65. The firm’s fifty day moving average price is $74.43 and its 200 day moving average price is $78.15. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. Sysco Corporation has a 12-month low of $68.19 and a 12-month high of $91.85.

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

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be issued a $0.55 dividend. This is a boost from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, July 2nd. Sysco’s dividend payout ratio is currently 59.83%.

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.