Insider Selling: Sysco (NYSE:SYY) Director Sells 2,801 Shares of Stock

Sysco Corporation (NYSE:SYY) Director Sheila Talton sold 2,801 shares of the company’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 transaction, the director directly owned 12,868 shares in the company, valued at $1,067,915.32. The trade was a 17.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Sysco Trading Down 0.0%

SYY stock traded down $0.02 during midday trading on Wednesday, hitting $84.60. The stock had a trading volume of 4,249,785 shares, compared to its average volume of 4,442,296. The company’s 50-day moving average price is $75.95 and its 200 day moving average price is $78.00. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75. The firm has a market cap of $40.52 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 2.57 and a beta of 0.61. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $85.58.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. The business had revenue of $20.76 billion for the quarter, compared to analysts’ expectations of $20.80 billion. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, equities research analysts predict that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, January 2nd. Sysco’s dividend payout ratio is presently 58.06%.

Institutional Trading of Sysco

Several large investors have recently bought and sold shares of SYY. Vanguard Group Inc. boosted its stake in shares of Sysco by 2.0% in the second quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after purchasing an additional 1,226,381 shares during the period. State Street Corp lifted its holdings in Sysco by 0.9% in the 3rd quarter. State Street Corp now owns 26,669,576 shares of the company’s stock worth $2,195,973,000 after buying an additional 246,542 shares in the last quarter. Capital Research Global Investors boosted its position in Sysco by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 18,360,707 shares of the company’s stock valued at $1,511,821,000 after buying an additional 46,040 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Sysco by 1.5% during the second quarter. Geode Capital Management LLC now owns 12,551,872 shares of the company’s stock valued at $946,694,000 after acquiring an additional 183,179 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Sysco during the second quarter worth about $493,686,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on SYY. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco in a research report on Wednesday, January 28th. Argus raised Sysco to a “hold” rating in a research report on Thursday, January 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Jefferies Financial Group lifted their price objective on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Morgan Stanley dropped their target price on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and an average target price of $89.38.

About Sysco

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.