Sysco Corporation $SYY Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its stake in shares of Sysco Corporation (NYSE:SYY) by 51.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 21,034 shares of the company’s stock after selling 22,457 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Sysco were worth $1,593,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Edgestream Partners L.P. boosted its position in shares of Sysco by 79.0% during the 2nd quarter. Edgestream Partners L.P. now owns 39,216 shares of the company’s stock worth $2,970,000 after purchasing an additional 17,312 shares during the period. Panagora Asset Management Inc. grew its position in Sysco by 106.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 11,896 shares of the company’s stock valued at $901,000 after acquiring an additional 6,129 shares in the last quarter. Sepio Capital LP lifted its position in shares of Sysco by 27.6% during the second quarter. Sepio Capital LP now owns 42,657 shares of the company’s stock worth $3,231,000 after purchasing an additional 9,216 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Sysco by 0.4% in the second quarter. New York State Common Retirement Fund now owns 325,091 shares of the company’s stock valued at $24,622,000 after purchasing an additional 1,400 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in shares of Sysco by 36.2% in the second quarter. Mackenzie Financial Corp now owns 1,384,579 shares of the company’s stock valued at $104,868,000 after purchasing an additional 367,919 shares in the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SYY. Sanford C. Bernstein initiated coverage on Sysco in a research note on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price objective on the stock. Morgan Stanley set a $88.00 price objective on Sysco in a research note on Tuesday, October 21st. Barclays boosted their price objective on Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Sysco in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Insider Buying and Selling

In other news, EVP Ronald L. Phillips sold 961 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by company insiders.

Sysco Price Performance

SYY stock opened at $74.46 on Wednesday. The business has a 50 day moving average price of $77.43 and a 200 day moving average price of $77.65. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. The stock has a market cap of $35.66 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 2.19 and a beta of 0.61. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.03. The business had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 billion. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities research analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 2nd will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

Sysco Company 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.