Sysco Corporation $SYY Shares Sold by Sawyer & Company Inc

Sawyer & Company Inc lowered its position in shares of Sysco Corporation (NYSE:SYY) by 16.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,674 shares of the company’s stock after selling 9,488 shares during the period. Sawyer & Company Inc’s holdings in Sysco were worth $3,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Sysco during the 3rd quarter worth approximately $25,000. Peterson Wealth Services boosted its position in shares of Sysco by 875.7% during the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after purchasing an additional 324 shares during the period. Torren Management LLC purchased a new position in shares of Sysco during the 4th quarter worth approximately $27,000. Marquette Asset Management LLC boosted its position in shares of Sysco by 367.4% during the 4th quarter. Marquette Asset Management LLC now owns 402 shares of the company’s stock worth $30,000 after purchasing an additional 316 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in shares of Sysco during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Activity at Sysco

In other Sysco news, Director Sheila Talton sold 2,801 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the sale, the director directly owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. This represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.56% of the company’s stock.

Sysco Trading Down 0.8%

Shares of NYSE:SYY opened at $74.08 on Friday. Sysco Corporation has a 52 week low of $68.19 and a 52 week high of $91.85. The company’s 50 day moving average is $79.95 and its two-hundred day moving average is $78.41. The company has a current ratio of 1.33, a quick ratio of 0.75 and a debt-to-equity ratio of 5.58. The company has a market cap of $35.42 billion, a PE ratio of 20.52, a P/E/G ratio of 3.58 and a beta of 0.66.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The firm had revenue of $20.52 billion during the quarter, compared to analysts’ expectations of $20.56 billion. During the same period in the prior year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Equities analysts predict that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. 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. Sysco’s payout ratio is currently 59.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SYY shares. Guggenheim lowered their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Weiss Ratings cut shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. Truist Financial increased their price objective on shares of Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Barclays reduced their target price on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Citigroup increased their target price on shares of Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $88.15.

Sysco 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.