Fruth Investment Management Sells 270 Shares of Sysco Corporation $SYY

Fruth Investment Management decreased its position in Sysco Corporation (NYSE:SYY) by 0.7% in the first quarter, Holdings Channel.com reports. The firm owned 40,086 shares of the company’s stock after selling 270 shares during the quarter. Fruth Investment Management’s holdings in Sysco were worth $3,008,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Invesco Ltd. increased its holdings in shares of Sysco by 1.0% during the first quarter. Invesco Ltd. now owns 17,070,502 shares of the company’s stock valued at $1,280,970,000 after acquiring an additional 162,961 shares in the last quarter. Boston Partners increased its holdings in shares of Sysco by 24.8% during the first quarter. Boston Partners now owns 15,199,828 shares of the company’s stock valued at $1,139,798,000 after acquiring an additional 3,015,714 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Sysco by 2.0% during the first quarter. Diamond Hill Capital Management Inc. now owns 7,353,551 shares of the company’s stock valued at $551,810,000 after acquiring an additional 146,573 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Sysco by 2.6% during the first quarter. Northern Trust Corp now owns 5,828,930 shares of the company’s stock valued at $437,403,000 after acquiring an additional 145,477 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Sysco by 8.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,087,250 shares of the company’s stock valued at $381,747,000 after acquiring an additional 391,614 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SYY. Guggenheim raised their price target on Sysco from $85.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Bank of America raised their price target on Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a report on Friday, July 18th. JPMorgan Chase & Co. raised their price target on Sysco from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, May 20th. Citigroup started coverage on Sysco in a report on Thursday, May 22nd. They set a “neutral” rating and a $78.00 price target for the company. Finally, Truist Financial increased their price objective on Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.69.

Sysco Trading Up 1.1%

Sysco stock opened at $81.07 on Friday. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. Sysco Corporation has a one year low of $67.12 and a one year high of $83.17. The stock has a market capitalization of $39.30 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 2.48 and a beta of 0.80. The business’s fifty day moving average is $79.61 and its 200 day moving average is $75.30.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.39 by $0.09. The company had revenue of $21.14 billion for the quarter, compared to analysts’ expectations of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.Sysco’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $1.39 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, sell-side analysts predict that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

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

Insider Activity

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the transaction, the executive vice president directly owned 56,304 shares of the company’s stock, valued at approximately $4,504,320. This trade represents a 41.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ronald L. Phillips sold 37,606 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total value of $3,046,086.00. Following the completion of the transaction, the executive vice president directly owned 30,235 shares in the company, valued at $2,449,035. The trade was a 55.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 91,377 shares of company stock worth $7,361,490 over the last three months. Insiders own 0.54% of the company’s stock.

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.