Sysco Corporation $SYY Shares Sold by Waterloo Capital L.P.

Waterloo Capital L.P. decreased its position in shares of Sysco Corporation (NYSE:SYY) by 55.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,974 shares of the company’s stock after selling 6,213 shares during the quarter. Waterloo Capital L.P.’s holdings in Sysco were worth $377,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SYY. Boston Partners grew its position in shares of Sysco by 24.8% in the first 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. Vanguard Group Inc. grew its stake in shares of Sysco by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after buying an additional 1,226,381 shares during the period. Nuveen LLC acquired a new position in shares of Sysco in the 1st quarter valued at $85,341,000. Amundi boosted its position in shares of Sysco by 36.5% during the 1st quarter. Amundi now owns 3,725,508 shares of the company’s stock worth $280,941,000 after purchasing an additional 995,498 shares during the period. Finally, Mackenzie Financial Corp grew its stake in shares of Sysco by 1,940.1% in the first quarter. Mackenzie Financial Corp now owns 1,016,660 shares of the company’s stock valued at $76,290,000 after buying an additional 966,826 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the company’s 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 transaction, the executive vice president owned 41,501 shares of the company’s stock, valued at $3,361,581. This represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.56% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SYY has been the topic of a number of recent research reports. Citigroup cut their price objective on Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Sanford C. Bernstein initiated coverage on shares of Sysco in a research report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price target for the company. Guggenheim raised their target price 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. Morgan Stanley set a $88.00 price objective on Sysco in a research note on Tuesday, October 21st. Finally, Truist Financial lifted their target price on shares of Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Sysco Stock Performance

Shares of SYY opened at $74.69 on Tuesday. The stock has a market capitalization of $35.77 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. The business’s fifty day moving average price is $78.18 and its 200 day moving average price is $77.48. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.70.

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

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be given a $0.54 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.9%. Sysco’s dividend payout ratio is presently 57.91%.

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.