SG Americas Securities LLC Sells 144,279 Shares of Sysco Corporation $SYY

SG Americas Securities LLC reduced its position in Sysco Corporation (NYSE:SYY) by 59.3% in the third quarter, HoldingsChannel.com reports. The firm owned 98,869 shares of the company’s stock after selling 144,279 shares during the period. SG Americas Securities LLC’s holdings in Sysco were worth $8,141,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Sysco by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after buying an additional 1,226,381 shares during the period. Geode Capital Management LLC raised its holdings in Sysco by 1.5% during the second quarter. Geode Capital Management LLC now owns 12,551,872 shares of the company’s stock valued at $946,694,000 after acquiring an additional 183,179 shares during the period. Norges Bank purchased a new position in shares of Sysco in the second quarter valued at about $493,686,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Sysco by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,131,931 shares of the company’s stock worth $237,212,000 after acquiring an additional 27,693 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Sysco by 12.0% during the second quarter. Ameriprise Financial Inc. now owns 2,639,931 shares of the company’s stock worth $201,076,000 after purchasing an additional 283,706 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Sysco Trading Down 0.0%

SYY stock opened at $74.27 on Friday. The firm has a fifty day moving average price of $74.41 and a 200 day moving average price of $77.66. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. The firm has a market cap of $35.56 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.44 and a beta of 0.61. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.65 and a current ratio of 1.15.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business had revenue of $21.15 billion during the quarter, compared to analyst estimates of $21.03 billion. During the same quarter last year, the business earned $1.09 earnings per share. Sysco’s quarterly revenue was up 3.2% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Sell-side analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 2nd will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. Sysco’s dividend payout ratio (DPR) is presently 57.91%.

Analyst Ratings Changes

SYY has been the topic of several recent analyst reports. Barclays lifted their target price on Sysco from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Sanford C. Bernstein initiated coverage on shares of Sysco in a report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 target price on the stock. Guggenheim upped their target price on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.00.

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.