Insider Selling: Sysco (NYSE:SYY) Director Sells 2,801 Shares of Stock

Sysco Corporation (NYSE:SYY) 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Sysco Stock Down 0.0%

Shares of NYSE:SYY traded down $0.02 during midday trading on Wednesday, reaching $84.60. The company had a trading volume of 4,249,785 shares, compared to its average volume of 4,442,296. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75. The stock’s fifty day moving average price is $75.95 and its 200-day moving average price is $78.00. The stock has a market capitalization of $40.52 billion, a P/E ratio of 22.74, a PEG ratio of 2.57 and a beta of 0.61. Sysco Corporation has a one year low of $67.12 and a one year high of $85.58.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The firm 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 firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Equities research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SYY shares. Jefferies Financial Group boosted their price target on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Wells Fargo & Company lifted their price objective on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Barclays lifted their price target on shares of Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Sysco has an average rating of “Moderate Buy” and an average target price of $89.38.

Institutional Investors Weigh In On Sysco

Several large investors have recently made changes to their positions in SYY. Oregon Public Employees Retirement Fund boosted its position in shares of Sysco by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 54,843 shares of the company’s stock worth $4,041,000 after buying an additional 300 shares during the period. Ameritas Advisory Services LLC raised its stake in Sysco by 479.2% during the 4th quarter. Ameritas Advisory Services LLC now owns 3,070 shares of the company’s stock valued at $226,000 after acquiring an additional 2,540 shares in the last quarter. World Investment Advisors boosted its position in Sysco by 20.4% during the 4th quarter. World Investment Advisors now owns 10,670 shares of the company’s stock worth $786,000 after acquiring an additional 1,807 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Sysco by 12.7% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 801,400 shares of the company’s stock valued at $59,055,000 after purchasing an additional 90,500 shares during the period. Finally, Provident Investment Management Inc. raised its stake in shares of Sysco by 73.6% during the fourth quarter. Provident Investment Management Inc. now owns 9,785 shares of the company’s stock valued at $721,000 after purchasing an additional 4,150 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

About Sysco

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.