VestGen Advisors LLC lessened its holdings in shares of Sysco Corporation (NYSE:SYY – Free Report) by 70.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,287 shares of the company’s stock after selling 7,662 shares during the quarter. VestGen Advisors LLC’s holdings in Sysco were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Sysco during the 2nd quarter valued at $3,596,356,000. Bank of America Corp DE bought a new stake in shares of Sysco during the 2nd quarter worth about $482,589,000. Dimensional Fund Advisors LP grew its stake in Sysco by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,667,412 shares of the company’s stock valued at $332,871,000 after buying an additional 59,685 shares during the last quarter. Primecap Management Co. CA bought a new stake in shares of Sysco during the second quarter worth approximately $313,503,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Sysco during the second quarter worth approximately $273,323,000. 83.41% of the stock is owned by institutional investors and hedge funds.
Sysco News Summary
Here are the key news stories impacting Sysco this week:
- Positive Sentiment: Local case volume grew 2.7% in the first quarter, and Sysco reiterated its fiscal 2027 adjusted EPS growth outlook of 9%–11%. The company also expects its AI transformation efforts to generate $100 million in savings in fiscal 2027. Sysco: 3 Key Takeaways for Long-Term Investors
- Neutral Sentiment: Sysco reported adjusted first-quarter EPS of $1.19, in line with the company’s cited consensus estimate and ahead of the $1.17 estimate reported by Zacks. It also named interim CFO Brandon Sewell as permanent CFO, providing continuity in the finance leadership role. Sysco Q1 Earnings: Sales Miss Estimates, Full-Year EPS Outlook Unchanged
- Negative Sentiment: Revenue of $21.74 billion was below the $22.02 billion analyst estimate, despite increasing 2.8% year over year. The company said a cyclosporiasis outbreak affected first-quarter sales, while costs related to the Jetro acquisition and concerns around sales guidance added pressure. The revenue miss appears to have outweighed the EPS result and reaffirmed full-year earnings outlook. Food distributor Sysco says cyclosporiasis outbreak hit Q1 sales Sysco under pressure on Jetro acquisition costs, FY sales guidance
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on SYY shares. JPMorgan Chase & Co. lowered their target price on Sysco from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. Melius Research cut shares of Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Morgan Stanley upped their price target on shares of Sysco from $88.00 to $91.00 and gave the company an “equal weight” rating in a research note on Thursday, October 15th. Citigroup reiterated a “neutral” rating on shares of Sysco in a research note on Monday, October 26th. Finally, Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.42.
Sysco Stock Down 9.3%
SYY stock opened at $74.12 on Wednesday. The firm has a 50-day moving average price of $80.30 and a 200-day moving average price of $80.52. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 4.62. The stock has a market capitalization of $36.46 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.30 and a beta of 0.66.
Sysco (NYSE:SYY – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $1.19 EPS for the quarter, meeting analysts’ consensus estimates of $1.19. Sysco had a return on equity of 95.05% and a net margin of 2.08%. The firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $22.02 billion. During the same period last year, the firm posted $1.15 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities research analysts anticipate that Sysco Corporation will post 5.09 EPS for the current fiscal year.
Sysco Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 2nd were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, October 2nd. Sysco’s dividend payout ratio is presently 60.11%.
Insider Activity
In other Sysco news, EVP Ronald Phillips sold 7,350 shares of Sysco stock in a transaction on Friday, August 21st. The shares were sold at an average price of $83.61, for a total value of $614,533.50. Following the completion of the sale, the executive vice president directly owned 38,650 shares of the company’s stock, valued at approximately $3,231,526.50. The trade was a 15.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 quarter, insiders sold 15,525 shares of company stock worth $1,299,736. 0.55% of the stock is currently owned by corporate insiders.
Sysco Company Profile
Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.
The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.
Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.
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