Sysco Corporation $SYY Shares Sold by CSM Advisors LLC

CSM Advisors LLC trimmed its holdings in shares of Sysco Corporation (NYSE:SYY) by 62.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,180 shares of the company’s stock after selling 81,280 shares during the period. CSM Advisors LLC’s holdings in Sysco were worth $3,967,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Intech Investment Management LLC lifted its holdings in Sysco by 53.1% in the first quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock valued at $1,674,000 after acquiring an additional 7,742 shares during the period. Schnieders Capital Management LLC. grew its stake in shares of Sysco by 24.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,310 shares of the company’s stock worth $781,000 after purchasing an additional 2,000 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Sysco by 22.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,156,693 shares of the company’s stock worth $163,348,000 after purchasing an additional 399,458 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Sysco by 6.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 118,888 shares of the company’s stock valued at $9,005,000 after purchasing an additional 7,007 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Sysco by 707.3% in the second quarter. SG Americas Securities LLC now owns 243,148 shares of the company’s stock valued at $18,416,000 after purchasing an additional 213,030 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Performance

NYSE:SYY opened at $85.43 on Monday. 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 $40.92 billion, a PE ratio of 22.97, a P/E/G ratio of 2.66 and a beta of 0.58. The firm has a 50 day simple moving average of $83.45 and a 200-day simple moving average of $79.51. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $91.85.

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

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.54 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.16 annualized dividend and a dividend yield of 2.5%. Sysco’s dividend payout ratio (DPR) is 58.06%.

Insiders Place Their Bets

In related news, EVP Ronald L. Phillips sold 5,601 shares of the company’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the transaction, the executive vice president directly owned 35,965 shares in the company, valued at approximately $2,913,165. This represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the transaction, the director owned 12,868 shares in the company, valued at $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on SYY. BMO Capital Markets reissued an “outperform” rating on shares of Sysco in a report on Wednesday, January 28th. Barclays lifted their price target on shares of Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Wells Fargo & Company boosted their price target on Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Morgan Stanley lowered their price target on Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Finally, Argus raised Sysco to a “hold” rating in a report on Thursday, January 29th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.31.

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.