Lombard Odier Asset Management Europe Ltd Trims Stock Position in Sysco Corporation $SYY

Lombard Odier Asset Management Europe Ltd reduced its stake in Sysco Corporation (NYSE:SYY) by 46.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 148,429 shares of the company’s stock after selling 127,371 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Sysco were worth $10,938,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Jackson Grant Investment Advisers Inc. purchased a new position in Sysco during the 3rd quarter worth $25,000. Lloyd Advisory Services LLC. purchased a new position in Sysco during the fourth quarter worth about $25,000. Motiv8 Investments LLC acquired a new stake in Sysco in the fourth quarter valued at about $25,000. Torren Management LLC purchased a new stake in Sysco in the 4th quarter valued at approximately $27,000. Finally, Bard Associates Inc. acquired a new position in Sysco during the 4th quarter worth approximately $27,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SYY has been the topic of a number of analyst reports. Weiss Ratings downgraded Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th. Guggenheim reduced their target price on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Citigroup boosted their target price on shares of Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Piper Sandler reduced their price objective on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Finally, UBS Group lowered their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.15.

Insider Activity at Sysco

In related news, Director John M. Hinshaw acquired 13,304 shares of the business’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 acquisition, the director directly owned 40,200 shares in the company, valued at approximately $3,021,834. The trade was a 49.46% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Sysco Trading Down 0.3%

Shares of SYY stock opened at $79.42 on Wednesday. The stock has a market cap of $37.98 billion, a P/E ratio of 22.00, a P/E/G ratio of 3.25 and a beta of 0.65. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. The business has a fifty day simple moving average of $75.07 and a 200-day simple moving average of $78.26.

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

Sysco Increases Dividend

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

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.