Dimensional Fund Advisors LP Has $381.97 Million Position in Sysco Corporation $SYY

Dimensional Fund Advisors LP lessened its holdings in shares of Sysco Corporation (NYSE:SYY) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,639,145 shares of the company’s stock after selling 75,804 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Sysco were worth $381,970,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC raised its holdings in Sysco by 594.8% during the third quarter. Gateway Investment Advisers LLC now owns 85,622 shares of the company’s stock valued at $7,050,000 after buying an additional 73,298 shares in the last quarter. Norges Bank bought a new stake in shares of Sysco during the 2nd quarter worth about $493,686,000. AE Wealth Management LLC increased its holdings in shares of Sysco by 320.9% during the 3rd quarter. AE Wealth Management LLC now owns 79,589 shares of the company’s stock valued at $6,553,000 after acquiring an additional 60,680 shares during the last quarter. Krilogy Financial LLC raised its stake in shares of Sysco by 65.6% in the 3rd quarter. Krilogy Financial LLC now owns 42,435 shares of the company’s stock valued at $3,494,000 after acquiring an additional 16,807 shares in the last quarter. Finally, Accurate Wealth Management LLC acquired a new stake in Sysco in the 3rd quarter worth approximately $2,497,000. 83.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on SYY shares. Guggenheim reiterated a “buy” rating on shares of Sysco in a report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a research note on Wednesday, January 28th. Truist Financial boosted their target price 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. Finally, UBS Group upped their price target on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Sysco currently has an average rating of “Moderate Buy” and an average target price of $90.31.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 5,601 shares of the firm’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 of the company’s stock, valued at $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the sale, the director owned 12,868 shares in the company, valued at $1,067,915.32. This represents a 17.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.56% of the company’s stock.

Sysco Price Performance

NYSE:SYY opened at $85.83 on Friday. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75. Sysco Corporation has a one year low of $67.12 and a one year high of $91.85. The company has a fifty day moving average price of $82.13 and a 200 day moving average price of $79.31. The stock has a market cap of $41.11 billion, a P/E ratio of 23.07, a PEG ratio of 2.72 and a beta of 0.58.

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

Sysco Announces Dividend

The company 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 dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.5%. The ex-dividend date is Thursday, April 2nd. Sysco’s payout ratio is currently 58.06%.

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.