Mutual of America Capital Management LLC Sells 1,314 Shares of Sysco Corporation $SYY

Mutual of America Capital Management LLC reduced its position in shares of Sysco Corporation (NYSE:SYY) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,612 shares of the company’s stock after selling 1,314 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Sysco were worth $4,212,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SYY. Boston Partners raised its holdings in shares of Sysco by 24.8% in the 1st quarter. Boston Partners now owns 15,199,828 shares of the company’s stock valued at $1,139,798,000 after purchasing an additional 3,015,714 shares during the period. Nuveen LLC bought a new stake in Sysco in the first quarter valued at approximately $85,341,000. Amundi raised its stake in Sysco by 36.5% in the 1st quarter. Amundi now owns 3,725,508 shares of the company’s stock valued at $280,941,000 after acquiring an additional 995,498 shares during the period. Mackenzie Financial Corp raised its stake in Sysco by 1,940.1% in the 1st quarter. Mackenzie Financial Corp now owns 1,016,660 shares of the company’s stock valued at $76,290,000 after acquiring an additional 966,826 shares during the period. Finally, Burgundy Asset Management Ltd. raised its stake in Sysco by 38.8% in the 1st quarter. Burgundy Asset Management Ltd. now owns 2,015,994 shares of the company’s stock valued at $151,280,000 after acquiring an additional 563,921 shares during the period. 83.41% of the stock is owned by institutional investors.

Insider Activity at Sysco

In other 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 14,732 shares of company stock valued at $1,193,245. Insiders own 0.56% of the company’s stock.

Sysco Trading Down 0.8%

Shares of SYY opened at $78.55 on Thursday. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47. The business’s fifty day moving average is $80.63 and its 200-day moving average is $76.65. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. The firm has a market cap of $37.59 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.44 and a beta of 0.82.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. The business had revenue of $21.14 billion for the quarter, compared to analyst estimates of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.Sysco’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 3rd. Sysco’s payout ratio is presently 57.91%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Wall Street Zen upgraded Sysco from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. UBS Group set a $90.00 price target on shares of Sysco in a research report on Wednesday, July 30th. Truist Financial raised their target price on shares of Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Guggenheim raised their target price on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.00.

About Sysco

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.