Sysco Corporation $SYY Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lowered its stake in Sysco Corporation (NYSE:SYY) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,852 shares of the company’s stock after selling 607 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Sysco were worth $3,473,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Foster & Motley Inc. purchased a new stake in shares of Sysco in the 2nd quarter valued at approximately $655,000. VELA Investment Management LLC raised its position in Sysco by 3.1% in the second quarter. VELA Investment Management LLC now owns 87,238 shares of the company’s stock valued at $6,607,000 after purchasing an additional 2,597 shares during the period. Stratos Wealth Partners LTD. lifted its stake in Sysco by 95.9% during the second quarter. Stratos Wealth Partners LTD. now owns 18,578 shares of the company’s stock worth $1,407,000 after purchasing an additional 9,097 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Sysco by 3.4% during the second quarter. Private Trust Co. NA now owns 6,316 shares of the company’s stock worth $478,000 after buying an additional 209 shares during the period. Finally, Mattson Financial Services LLC grew its stake in shares of Sysco by 21.0% in the second quarter. Mattson Financial Services LLC now owns 15,747 shares of the company’s stock valued at $1,193,000 after buying an additional 2,731 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SYY has been the subject of a number of research analyst reports. Morgan Stanley raised their target price on Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. UBS Group set a $90.00 price target on shares of Sysco in a research report on Wednesday, July 30th. Truist Financial lifted their price objective on shares of Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Wells Fargo & Company set a $88.00 target price on shares of Sysco and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Finally, Bank of America boosted their price target on shares of Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.46.

Insider Activity

In other news, EVP Ronald L. Phillips sold 961 shares of the business’s 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 sale, the executive vice president owned 41,501 shares in the company, valued at approximately $3,361,581. The trade was a 2.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the completion of the transaction, the executive vice president directly owned 56,304 shares in the company, valued at $4,504,320. This trade represents a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,338 shares of company stock worth $7,439,331 in the last three months. Corporate insiders own 0.56% of the company’s stock.

Sysco Trading Up 1.4%

NYSE SYY opened at $79.92 on Friday. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.47. The firm has a 50 day moving average of $80.73 and a two-hundred day moving average of $76.54. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75. The stock has a market capitalization of $38.24 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 2.43 and a beta of 0.82.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.09. The business had revenue of $21.14 billion for the quarter, compared to analyst estimates of $21.01 billion. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, research analysts expect that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be issued a $0.54 dividend. The ex-dividend date is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. Sysco’s dividend payout ratio is presently 57.91%.

About Sysco

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.