Sysco Corporation $SYY Shares Sold by Hall Laurie J Trustee

Hall Laurie J Trustee lowered its holdings in Sysco Corporation (NYSE:SYY) by 2.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,783 shares of the company’s stock after selling 625 shares during the period. Hall Laurie J Trustee’s holdings in Sysco were worth $2,160,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SYY. Rialto Wealth Management LLC grew its stake in shares of Sysco by 188.7% in the 1st quarter. Rialto Wealth Management LLC now owns 332 shares of the company’s stock valued at $25,000 after purchasing an additional 217 shares during the last quarter. Golden State Wealth Management LLC grew its position in shares of Sysco by 48.4% in the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of Sysco in the first quarter valued at $33,000. Capital A Wealth Management LLC purchased a new stake in Sysco during the fourth quarter valued at about $34,000. Finally, Cheviot Value Management LLC purchased a new stake in Sysco during the first quarter valued at about $34,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Up 0.5%

SYY opened at $80.94 on Thursday. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. The company’s 50-day moving average is $78.99 and its 200 day moving average is $74.89. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $82.64. The firm has a market capitalization of $39.23 billion, a P/E ratio of 21.70, a PEG ratio of 2.49 and a beta of 0.80.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.09. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The company had revenue of $21.14 billion for the quarter, compared to analyst estimates of $21.01 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 3rd. Sysco’s payout ratio is currently 57.91%.

Analysts Set New Price Targets

Several research firms recently commented on SYY. UBS Group set a $90.00 price target on Sysco in a research note on Wednesday, July 30th. Citigroup started coverage on Sysco in a report on Thursday, May 22nd. They set a “neutral” rating and a $78.00 target price for the company. Barclays upped their target price on Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Morgan Stanley increased their price objective on Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a report on Monday, July 14th. Finally, Wells Fargo & Company set a $88.00 price target on Sysco and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.69.

Insider Buying and Selling

In other news, EVP Ronald L. Phillips sold 37,606 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total value of $3,046,086.00. Following the completion of the sale, the executive vice president owned 30,235 shares of the company’s stock, valued at approximately $2,449,035. This represents a 55.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Greg D. Bertrand sold 40,000 shares of the company’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the sale, the executive vice president owned 56,304 shares of the company’s stock, valued at $4,504,320. This represents a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 84,026 shares of company stock valued at $6,766,059. Corporate insiders own 0.54% of the company’s stock.

Sysco Company Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.