Trust Co. of Vermont Sells 362 Shares of Sysco Corporation $SYY

Trust Co. of Vermont reduced its holdings in shares of Sysco Corporation (NYSE:SYY) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,653 shares of the company’s stock after selling 362 shares during the quarter. Trust Co. of Vermont’s holdings in Sysco were worth $958,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SYY. Boston Partners grew its stake in shares of Sysco by 24.8% during the 1st quarter. Boston Partners now owns 15,199,828 shares of the company’s stock worth $1,139,798,000 after acquiring an additional 3,015,714 shares in the last quarter. Canoe Financial LP grew its stake in shares of Sysco by 29,610.4% during the 1st quarter. Canoe Financial LP now owns 1,431,149 shares of the company’s stock worth $107,393,000 after acquiring an additional 1,426,332 shares in the last quarter. Nuveen LLC bought a new position in shares of Sysco during the 1st quarter worth approximately $85,341,000. Amundi grew its stake in shares of Sysco by 36.5% during the 1st quarter. Amundi now owns 3,725,508 shares of the company’s stock worth $280,941,000 after acquiring an additional 995,498 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Sysco by 1,940.1% during the 1st quarter. Mackenzie Financial Corp now owns 1,016,660 shares of the company’s stock worth $76,290,000 after acquiring an additional 966,826 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Sysco Trading Up 0.6%

Shares of Sysco stock opened at $82.85 on Thursday. The business has a fifty day simple moving average of $80.75 and a two-hundred day simple moving average of $75.98. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.24. The company has a market capitalization of $40.16 billion, a price-to-earnings ratio of 22.21, a P/E/G ratio of 2.55 and a beta of 0.82. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70.

Sysco (NYSE:SYY) last announced 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 return on equity of 109.52% and a net margin of 2.25%.The business had revenue of $21.14 billion during the quarter, compared to the consensus estimate of $21.01 billion. During the same quarter last year, the firm posted $1.39 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Research analysts forecast that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 annualized dividend and a yield of 2.6%. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was 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 $3,361,581. This trade represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of the firm’s stock in a transaction on 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 sale, the executive vice president directly owned 56,304 shares of the company’s stock, valued at $4,504,320. This represents a 41.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,338 shares of company stock valued at $7,439,331 in the last ninety days. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group set a $90.00 target price on shares of Sysco in a research note on Wednesday, July 30th. Morgan Stanley raised their target price on shares of Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Barclays raised their target price on shares of Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Finally, Guggenheim raised their target price on shares of Sysco from $85.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus target price of $85.69.

About Sysco

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.