Pacer Advisors Inc. Sells 21,428 Shares of Sysco Corporation $SYY

Pacer Advisors Inc. lowered its position in shares of Sysco Corporation (NYSE:SYY) by 34.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 40,387 shares of the company’s stock after selling 21,428 shares during the period. Pacer Advisors Inc.’s holdings in Sysco were worth $3,325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SYY. Vanguard Group Inc. increased its holdings in shares of Sysco by 2.0% in the second quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after purchasing an additional 1,226,381 shares during the period. Geode Capital Management LLC boosted its stake in Sysco by 1.5% during the second quarter. Geode Capital Management LLC now owns 12,551,872 shares of the company’s stock valued at $946,694,000 after buying an additional 183,179 shares during the period. Norges Bank purchased a new position in Sysco during the second quarter worth about $493,686,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Sysco by 8.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,087,250 shares of the company’s stock worth $381,747,000 after acquiring an additional 391,614 shares during the last quarter. Finally, Amundi raised its holdings in shares of Sysco by 36.5% in the 1st quarter. Amundi now owns 3,725,508 shares of the company’s stock valued at $280,941,000 after acquiring an additional 995,498 shares in the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Price Performance

Shares of Sysco stock opened at $74.17 on Wednesday. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.65 and a current ratio of 1.15. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47. The company has a fifty day moving average of $74.90 and a 200-day moving average of $77.78. The stock has a market capitalization of $35.52 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The company had revenue of $21.15 billion for the quarter, compared to analysts’ expectations of $21.03 billion. During the same quarter last year, the company earned $1.09 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities research analysts expect that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, January 2nd. Sysco’s payout ratio is 57.91%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Piper Sandler cut their price objective on Sysco from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, December 12th. Barclays boosted their price target on shares of Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Citigroup lowered their price objective on shares of Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a research report on Monday. Finally, Guggenheim increased their target price on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $85.92.

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.