Summit Place Financial Advisors LLC Lowers Holdings in Sysco Corporation $SYY

Summit Place Financial Advisors LLC trimmed its holdings in Sysco Corporation (NYSE:SYY) by 5.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,304 shares of the company’s stock after selling 250 shares during the quarter. Summit Place Financial Advisors LLC’s holdings in Sysco were worth $326,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Aberdeen Group plc boosted its holdings in Sysco by 5.2% in the second quarter. Aberdeen Group plc now owns 423,576 shares of the company’s stock valued at $31,900,000 after purchasing an additional 20,862 shares during the last quarter. Lmcg Investments LLC boosted its holdings in Sysco by 5.4% in the second quarter. Lmcg Investments LLC now owns 78,554 shares of the company’s stock valued at $5,950,000 after purchasing an additional 4,047 shares during the last quarter. JB Capital LLC boosted its holdings in Sysco by 12.3% in the second quarter. JB Capital LLC now owns 3,028 shares of the company’s stock valued at $229,000 after purchasing an additional 332 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in Sysco by 49.6% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 7,975 shares of the company’s stock valued at $605,000 after purchasing an additional 2,643 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in Sysco by 0.7% in the second quarter. IFP Advisors Inc now owns 33,948 shares of the company’s stock valued at $2,680,000 after purchasing an additional 237 shares during the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SYY. Barclays increased their target price on shares of Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Morgan Stanley increased their target price on shares of Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. Truist Financial increased their target price on shares of Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Bank of America increased their target price on shares of Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company set a $88.00 target price on shares of Sysco and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.85.

Sysco Trading Up 0.5%

Shares of Sysco stock opened at $78.44 on Friday. The firm has a market capitalization of $37.53 billion, a PE ratio of 21.03, a P/E/G ratio of 2.42 and a beta of 0.82. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47. The firm’s 50-day moving average price is $80.81 and its 200 day moving average price is $76.37. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75.

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

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 2.8%. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

Insider Transactions at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the sale, the executive vice president owned 56,304 shares in the company, valued at approximately $4,504,320. This represents a 41.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ronald L. Phillips sold 961 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $81.00, for a total transaction of $77,841.00. Following the completion of the sale, the executive vice president owned 41,501 shares of the company’s stock, valued at approximately $3,361,581. The trade was a 2.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,338 shares of company stock valued at $7,439,331. 0.54% of the stock is owned by insiders.

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.