Sysco Corporation $SYY Shares Sold by Sawyer & Company Inc

Sawyer & Company Inc trimmed its position in Sysco Corporation (NYSE:SYY) by 16.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,674 shares of the company’s stock after selling 9,488 shares during the period. Sawyer & Company Inc’s holdings in Sysco were worth $3,439,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SYY. Jackson Grant Investment Advisers Inc. acquired a new stake in Sysco in the 3rd quarter worth about $25,000. Torren Management LLC acquired a new stake in Sysco in the 4th quarter worth about $27,000. Peterson Wealth Services boosted its holdings in Sysco by 875.7% in the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after buying an additional 324 shares during the last quarter. Marquette Asset Management LLC boosted its holdings in Sysco by 367.4% in the 4th quarter. Marquette Asset Management LLC now owns 402 shares of the company’s stock worth $30,000 after buying an additional 316 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in Sysco in the 2nd quarter worth about $31,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SYY has been the topic of several research analyst reports. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley decreased their target price on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Truist Financial raised their target price on shares of Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Argus raised shares of Sysco to a “hold” rating in a research note on Thursday, January 29th. Finally, Guggenheim decreased their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $88.15.

Sysco Trading Down 0.8%

SYY opened at $74.08 on Friday. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.75. The company’s 50 day simple moving average is $79.95 and its two-hundred day simple moving average is $78.41. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The firm has a market capitalization of $35.42 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 3.58 and a beta of 0.66.

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

Sysco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.0%. This is an increase from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is 59.83%.

Insider Activity

In other news, Director Sheila Talton sold 2,801 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the sale, the director owned 12,868 shares in the company, valued at $1,067,915.32. This trade represents a 17.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is owned by corporate insiders.

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.