Candriam S.C.A. Sells 285,893 Shares of Sysco Corporation $SYY

Candriam S.C.A. reduced its stake in shares of Sysco Corporation (NYSE:SYY) by 60.4% in the first quarter, HoldingsChannel.com reports. The fund owned 187,491 shares of the company’s stock after selling 285,893 shares during the quarter. Candriam S.C.A.’s holdings in Sysco were worth $13,374,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Lloyd Advisory Services LLC. purchased a new stake in Sysco during the fourth quarter valued at about $25,000. Motiv8 Investments LLC purchased a new position in shares of Sysco in the 4th quarter worth about $25,000. Bard Associates Inc. bought a new position in shares of Sysco during the 4th quarter valued at about $27,000. Torren Management LLC purchased a new position in shares of Sysco during the 4th quarter valued at about $27,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Sysco during the 4th quarter valued at about $28,000. Institutional investors own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SYY. Deutsche Bank Aktiengesellschaft lowered Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a research note on Tuesday, April 28th. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. UBS Group lowered their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Guggenheim cut their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a report on Friday, June 26th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $88.15.

Sysco Trading Down 0.0%

Shares of SYY stock opened at $83.79 on Monday. The stock has a market capitalization of $40.07 billion, a PE ratio of 23.21, a P/E/G ratio of 3.17 and a beta of 0.64. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The business has a 50-day moving average of $77.74 and a 200 day moving average of $79.21. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80.

Sysco (NYSE:SYY) last posted its quarterly earnings results 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 the consensus estimate of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.Sysco’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, sell-side analysts anticipate that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders 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. This represents a $2.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, July 2nd. Sysco’s dividend payout ratio (DPR) is 60.94%.

Insider Activity at Sysco

In other news, Director John M. Hinshaw bought 13,304 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of $75.17 per share, with a total value 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. This represents a 49.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.56% of the stock is currently owned by insiders.

Sysco 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.