Xponance Inc. Trims Stock Position in Sysco Corporation $SYY

Xponance Inc. decreased its holdings in Sysco Corporation (NYSE:SYY) by 9.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 110,937 shares of the company’s stock after selling 12,229 shares during the period. Xponance Inc.’s holdings in Sysco were worth $9,135,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Intech Investment Management LLC grew 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 purchasing 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 valued at $781,000 after buying an additional 2,000 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Sysco during the 2nd quarter worth $1,371,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Sysco by 12.5% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 56,735 shares of the company’s stock valued at $4,297,000 after acquiring an additional 6,300 shares during the last quarter. Finally, Daymark Wealth Partners LLC grew its position in Sysco by 6.2% during the second quarter. Daymark Wealth Partners LLC now owns 5,766 shares of the company’s stock valued at $437,000 after acquiring an additional 339 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Truist Financial boosted their target price on Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Piper Sandler boosted their price objective on shares of Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Argus raised shares of Sysco to a “hold” rating in a research report on Thursday, January 29th. BMO Capital Markets restated an “outperform” rating on shares of Sysco in a report on Wednesday, January 28th. Finally, Morgan Stanley decreased their price target on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Sysco Trading Up 2.3%

SYY opened at $91.13 on Friday. The firm has a market capitalization of $43.64 billion, a P/E ratio of 24.50, a P/E/G ratio of 2.77 and a beta of 0.61. The firm’s 50 day moving average is $81.03 and its 200-day moving average is $79.11. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $91.85.

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

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be paid a $0.54 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $2.16 annualized dividend and a dividend yield of 2.4%. Sysco’s payout ratio is 58.06%.

Insider Transactions at Sysco

In related news, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction dated 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 owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sheila Talton sold 2,801 shares of the company’s 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 completion of the transaction, the director directly owned 12,868 shares in the company, valued at approximately $1,067,915.32. The trade was a 17.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.56% of the company’s stock.

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.