New York State Common Retirement Fund Sells 14,300 Shares of Sysco Corporation $SYY

New York State Common Retirement Fund lessened its position in shares of Sysco Corporation (NYSE:SYY) by 4.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 310,791 shares of the company’s stock after selling 14,300 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Sysco worth $25,591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Field & Main Bank lifted its holdings in Sysco by 2.6% in the third quarter. Field & Main Bank now owns 6,085 shares of the company’s stock valued at $501,000 after buying an additional 155 shares during the period. Federated Hermes Inc. lifted its stake in shares of Sysco by 2,664.6% in the 3rd quarter. Federated Hermes Inc. now owns 58,305 shares of the company’s stock valued at $4,801,000 after purchasing an additional 56,196 shares during the period. One Wealth Advisors LLC boosted its position in shares of Sysco by 110.1% during the 3rd quarter. One Wealth Advisors LLC now owns 8,768 shares of the company’s stock valued at $722,000 after purchasing an additional 4,595 shares in the last quarter. Triton Financial Group Inc grew its stake in Sysco by 1.4% during the third quarter. Triton Financial Group Inc now owns 15,777 shares of the company’s stock worth $1,299,000 after purchasing an additional 214 shares during the period. Finally, Bank of Jackson Hole Trust increased its holdings in Sysco by 15.0% in the third quarter. Bank of Jackson Hole Trust now owns 3,346 shares of the company’s stock worth $276,000 after purchasing an additional 436 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insiders Place Their Bets

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of Sysco stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the transaction, the executive vice president directly owned 35,965 shares of the company’s stock, valued at $2,913,165. The trade was a 13.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

SYY has been the topic of a number of research analyst reports. Morgan Stanley cut 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. UBS Group lifted their price target on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday. Sanford C. Bernstein set a $90.00 price objective on shares of Sysco and gave the company a “market perform” rating in a report on Wednesday. BMO Capital Markets restated an “outperform” rating on shares of Sysco in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus target price of $89.38.

Sysco Trading Down 0.3%

SYY opened at $83.85 on Friday. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $85.33. The firm has a market capitalization of $40.16 billion, a PE ratio of 22.54, a P/E/G ratio of 2.67 and a beta of 0.61. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.65. The company’s 50-day moving average is $75.61 and its 200 day moving average is $77.91.

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

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 2nd were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, January 2nd. Sysco’s dividend payout ratio is presently 58.06%.

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.