New York Life Investment Management LLC Has $5.53 Million Stock Position in Sysco Corporation $SYY

New York Life Investment Management LLC grew its stake in shares of Sysco Corporation (NYSE:SYY) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,975 shares of the company’s stock after purchasing an additional 503 shares during the period. New York Life Investment Management LLC’s holdings in Sysco were worth $5,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SYY. Golden State Wealth Management LLC raised its holdings in shares of Sysco by 48.4% in the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Sysco by 13.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,158 shares of the company’s stock worth $5,569,000 after acquiring an additional 9,164 shares during the last quarter. KBC Group NV raised its holdings in shares of Sysco by 1.9% in the 1st quarter. KBC Group NV now owns 88,783 shares of the company’s stock worth $6,662,000 after acquiring an additional 1,639 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Sysco by 2.1% in the 1st quarter. Amalgamated Bank now owns 101,121 shares of the company’s stock worth $7,588,000 after acquiring an additional 2,099 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its holdings in shares of Sysco by 4.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 5,469 shares of the company’s stock worth $410,000 after acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Buying and Selling at Sysco

In other news, EVP Ronald L. Phillips sold 7,351 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $81.00, for a total transaction of $595,431.00. Following the completion of the transaction, the executive vice president directly owned 41,837 shares of the company’s stock, valued at $3,388,797. This represents a 14.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 14,732 shares of company stock worth $1,193,245. 0.56% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on SYY. Truist Financial upped 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. Guggenheim upped their price objective on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Citigroup upped their price objective on shares of Sysco from $84.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. Barclays upped their price objective on shares of Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Sanford C. Bernstein assumed coverage on shares of Sysco in a research report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price objective for the company. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.31.

Sysco Stock Down 2.1%

Sysco stock opened at $74.26 on Thursday. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47. The firm has a 50 day moving average price of $80.30 and a 200-day moving average price of $77.00. The company has a market capitalization of $35.54 billion, a P/E ratio of 19.91, a P/E/G ratio of 2.24 and a beta of 0.82. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 5.54.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The firm had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 billion. During the same period in the prior year, the firm earned $1.09 EPS. The company’s 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, equities analysts predict that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 3rd were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, October 3rd. Sysco’s dividend payout ratio is currently 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.