Schroder Investment Management Group Decreases Holdings in Sysco Corporation $SYY

Schroder Investment Management Group reduced its position in Sysco Corporation (NYSE:SYY) by 28.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 95,256 shares of the company’s stock after selling 37,291 shares during the period. Schroder Investment Management Group’s holdings in Sysco were worth $7,215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Jefferies Financial Group Inc. purchased a new stake in Sysco in the first quarter valued at about $319,000. Atria Wealth Solutions Inc. raised its position in shares of Sysco by 0.6% in the 1st quarter. Atria Wealth Solutions Inc. now owns 69,004 shares of the company’s stock valued at $5,178,000 after purchasing an additional 423 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in Sysco by 17.4% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,142 shares of the company’s stock worth $86,000 after purchasing an additional 169 shares in the last quarter. Wealthspire Advisors LLC grew its position in Sysco by 8.6% during the 1st quarter. Wealthspire Advisors LLC now owns 7,916 shares of the company’s stock worth $594,000 after purchasing an additional 627 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. acquired a new position in Sysco during the 1st quarter valued at approximately $6,807,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Activity at Sysco

In other news, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total transaction of $77,841.00. Following the completion of the transaction, the executive vice president directly owned 41,501 shares of the company’s stock, valued at $3,361,581. The trade was a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SYY has been the subject of several research reports. Guggenheim lifted their price objective on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Morgan Stanley set a $88.00 target price on Sysco in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Sysco in a research note on Monday. Citigroup cut their price objective on Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Finally, Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and an average price target of $87.00.

Sysco Price Performance

Shares of SYY opened at $73.42 on Friday. The business’s 50-day moving average is $77.10 and its two-hundred day moving average is $77.60. The company has a market capitalization of $35.16 billion, a P/E ratio of 19.68, a P/E/G ratio of 2.40 and a beta of 0.61. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.65 and a current ratio of 1.15.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $21.03 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Research analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently disclosed 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. This represents a $2.16 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, January 2nd. Sysco’s dividend payout ratio is currently 57.91%.

Sysco Profile

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.