Sysco Corporation $SYY Shares Sold by Ethic Inc.

Ethic Inc. trimmed its position in Sysco Corporation (NYSE:SYY) by 7.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,837 shares of the company’s stock after selling 8,553 shares during the period. Ethic Inc.’s holdings in Sysco were worth $7,725,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SYY. Jackson Grant Investment Advisers Inc. acquired a new position in Sysco in the third quarter worth about $25,000. Torren Management LLC acquired a new position in Sysco in the fourth quarter worth about $27,000. Peterson Wealth Services lifted its holdings in Sysco by 875.7% in the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after acquiring an additional 324 shares during the last quarter. Marquette Asset Management LLC boosted its stake in Sysco by 367.4% in the fourth quarter. Marquette Asset Management LLC now owns 402 shares of the company’s stock valued at $30,000 after acquiring an additional 316 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in Sysco in the second quarter valued at approximately $31,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SYY. Argus upgraded Sysco to a “hold” rating in a research note on Thursday, January 29th. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Morgan Stanley decreased their target price on Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. UBS Group decreased their target price on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, Truist Financial lifted their target price on Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.15.

Sysco Stock Performance

SYY opened at $72.46 on Friday. The business’s 50 day moving average is $78.94 and its 200-day moving average is $78.26. The stock has a market cap of $34.65 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.96 and a beta of 0.66. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $20.52 billion for the quarter, compared to the consensus estimate 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 firm posted $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, analysts predict that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The firm 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. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 2nd. Sysco’s dividend payout ratio is presently 59.83%.

Sysco Company 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.