Sysco Corporation $SYY Holdings Reduced by Mather Group LLC.

Mather Group LLC. decreased its holdings in Sysco Corporation (NYSE:SYY) by 38.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,881 shares of the company’s stock after selling 8,628 shares during the quarter. Mather Group LLC.’s holdings in Sysco were worth $1,082,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Parkside Financial Bank & Trust lifted its position in Sysco by 7.0% during the second quarter. Parkside Financial Bank & Trust now owns 2,241 shares of the company’s stock valued at $187,000 after buying an additional 147 shares in the last quarter. Plimoth Trust Co. LLC boosted its position in Sysco by 4.2% during the 1st quarter. Plimoth Trust Co. LLC now owns 3,744 shares of the company’s stock worth $267,000 after purchasing an additional 150 shares during the period. Park National Corp OH boosted its position in Sysco by 1.8% during the 1st quarter. Park National Corp OH now owns 9,102 shares of the company’s stock worth $649,000 after purchasing an additional 163 shares during the period. Sunbelt Securities Inc. increased its holdings in Sysco by 87.6% in the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. Finally, Cornerstone Wealth Group LLC increased its holdings in Sysco by 5.5% in the 1st quarter. Cornerstone Wealth Group LLC now owns 3,341 shares of the company’s stock valued at $250,000 after purchasing an additional 173 shares in the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sysco news, EVP Ronald Phillips sold 960 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $83.00, for a total transaction of $79,680.00. Following the completion of the sale, the executive vice president owned 49,852 shares in the company, valued at $4,137,716. This trade represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 15,525 shares of company stock worth $1,299,736. 0.55% of the stock is owned by company insiders.

Sysco Stock Up 0.1%

SYY traded up $0.08 during trading hours on Friday, reaching $82.23. 2,536,147 shares of the stock traded hands, compared to its average volume of 4,100,611. The firm’s fifty day simple moving average is $80.64 and its two-hundred day simple moving average is $78.89. The company has a market cap of $40.45 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 2.87 and a beta of 0.64. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.28 and a quick ratio of 0.77.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.02. The firm had revenue of $22.12 billion for the quarter, compared to the consensus estimate of $21.95 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 EPS. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. As a group, analysts forecast that Sysco Corporation will post 5.10 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 2nd will be issued a $0.55 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.7%. Sysco’s dividend payout ratio is currently 60.11%.

Analyst Ratings Changes

Several research analysts have commented on SYY shares. Wall Street Zen raised Sysco from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Citigroup upped their target price on Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. UBS Group increased their target price on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Melius Research downgraded Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Finally, Piper Sandler raised their target price on Sysco from $77.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and an average target price of $90.42.

Sysco Company Profile

Sysco Corporation is a global foodservice distributor headquartered in Houston, Texas. The company supplies restaurants, hotels, healthcare facilities, educational institutions, government organizations and other foodservice customers with a broad range of products and related services.

Sysco’s offerings include fresh and frozen foods, meat and seafood, dairy products, produce, canned and dry goods, beverages, specialty and international foods, and prepared and ready-to-use items. The company also distributes nonfood products such as kitchen equipment, tableware, cleaning supplies and other operating supplies.