Sysco Corporation $SYY Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in Sysco Corporation (NYSE:SYY) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,478,109 shares of the company’s stock after selling 105,065 shares during the quarter. Legal & General Group Plc’s holdings in Sysco were worth $182,612,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its position in Sysco by 41.0% in the fourth quarter. Hantz Financial Services Inc. now owns 1,086 shares of the company’s stock valued at $80,000 after acquiring an additional 316 shares in the last quarter. Mondrian Investment Partners LTD grew its position in Sysco by 7.1% in the fourth quarter. Mondrian Investment Partners LTD now owns 1,850,829 shares of the company’s stock valued at $136,388,000 after acquiring an additional 123,392 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Sysco in the fourth quarter valued at approximately $608,000. Pathfinder Wealth Consulting Inc. acquired a new stake in Sysco in the fourth quarter valued at approximately $206,000. Finally, MQS Management LLC purchased a new position in shares of Sysco during the 4th quarter valued at approximately $590,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Transactions at Sysco

In other news, Director John M. Hinshaw acquired 13,304 shares of Sysco stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased 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 of the company’s stock, valued at $3,021,834. This trade represents a 49.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.56% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on SYY. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft cut 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. Barclays reduced their target price on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. JPMorgan Chase & Co. increased their target price on Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Finally, Jefferies Financial 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, January 28th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $88.15.

Sysco Stock Performance

Shares of SYY opened at $75.23 on Thursday. The business’s fifty day moving average price is $75.47 and its 200 day moving average price is $78.11. Sysco Corporation has a 12-month low of $68.19 and a 12-month high of $91.85. The stock has a market capitalization of $35.97 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 3.08 and a beta of 0.66. 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 announced 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). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The firm had revenue of $20.52 billion for the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter last year, the business earned $0.96 earnings per share. The business’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. Equities research analysts forecast that Sysco Corporation will post 4.59 EPS for the current year.

Sysco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.9%. This is a boost from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. Sysco’s dividend payout ratio (DPR) is 59.83%.

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.