Sysco Corporation $SYY Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC trimmed its position in Sysco Corporation (NYSE:SYY) by 52.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 821,027 shares of the company’s stock after selling 908,443 shares during the period. Sysco accounts for approximately 1.4% of Clarkston Capital Partners LLC’s holdings, making the stock its 24th largest position. Clarkston Capital Partners LLC’s holdings in Sysco were worth $60,502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SYY. Vanguard Group Inc. raised its stake in Sysco by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 62,305,343 shares of the company’s stock worth $4,591,281,000 after acquiring an additional 814,270 shares in the last quarter. State Street Corp lifted its position in Sysco by 0.9% in the third quarter. State Street Corp now owns 26,669,576 shares of the company’s stock valued at $2,195,973,000 after acquiring an additional 246,542 shares during the last quarter. Capital Research Global Investors lifted its position in Sysco by 0.3% in the third quarter. Capital Research Global Investors now owns 18,360,707 shares of the company’s stock valued at $1,511,821,000 after acquiring an additional 46,040 shares during the last quarter. Geode Capital Management LLC lifted its position in Sysco by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 12,728,692 shares of the company’s stock valued at $934,391,000 after acquiring an additional 131,659 shares during the last quarter. Finally, Norges Bank purchased a new stake in Sysco in the fourth quarter valued at $542,780,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John M. Hinshaw purchased 13,304 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the purchase, the director directly owned 40,200 shares in the company, valued at $3,021,834. The trade was a 49.46% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by company insiders.

Sysco Trading Down 0.6%

NYSE SYY opened at $79.14 on Friday. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. The firm has a market cap of $37.84 billion, a PE ratio of 21.92, a P/E/G ratio of 3.25 and a beta of 0.65. Sysco Corporation has a one year low of $68.19 and a one year high of $91.85. The firm’s fifty day moving average is $74.73 and its two-hundred day moving average is $78.18.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The business had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.56 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Analysts expect that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. Sysco’s dividend payout ratio (DPR) is presently 59.83%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SYY shares. Weiss Ratings cut shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. Sanford C. Bernstein reduced their price target on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Wednesday, April 29th. Piper Sandler reduced their price target on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Citigroup boosted their price target on shares of Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and an average target price of $88.15.

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.