Sysco Corporation $SYY Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA trimmed its position in Sysco Corporation (NYSE:SYY) by 8.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,777,119 shares of the company’s stock after selling 337,952 shares during the quarter. Primecap Management Co. CA owned approximately 0.78% of Sysco worth $286,079,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SYY. Chung Wu Investment Group LLC acquired a new position in Sysco during the second quarter worth approximately $30,000. N.E.W. Advisory Services LLC purchased a new stake in Sysco during the 1st quarter valued at approximately $33,000. Hantz Financial Services Inc. raised its stake in shares of Sysco by 234.3% during the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $35,000 after purchasing an additional 321 shares during the last quarter. 1248 Management LLC acquired a new stake in shares of Sysco in the 1st quarter worth $35,000. Finally, Cheviot Value Management LLC purchased a new position in Sysco during the first quarter worth about $34,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Ratings Changes

SYY has been the subject of several recent research reports. UBS Group set a $90.00 target price on shares of Sysco in a report on Wednesday, July 30th. Guggenheim lifted their target price on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Wells Fargo & Company set a $88.00 target price on shares of Sysco and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Citigroup decreased their price target on shares of Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Insiders Place Their Bets

In related news, EVP Ronald L. Phillips sold 961 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.56% of the company’s stock.

Sysco Stock Performance

Shares of NYSE SYY opened at $75.96 on Wednesday. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. The firm’s 50-day moving average price is $78.58 and its two-hundred day moving average price is $77.34. The stock has a market capitalization of $36.37 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.19 and a beta of 0.79.

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

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 2nd will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is 57.91%.

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.