Capital Research Global Investors Sells 113,250 Shares of Sysco Corporation $SYY

Capital Research Global Investors lessened its stake in Sysco Corporation (NYSE:SYY) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,247,457 shares of the company’s stock after selling 113,250 shares during the period. Capital Research Global Investors’ holdings in Sysco were worth $1,344,655,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Cookson Peirce & Co. Inc. lifted its stake in shares of Sysco by 12.5% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 16,291 shares of the company’s stock valued at $1,200,000 after buying an additional 1,811 shares during the period. 111 Capital bought a new stake in shares of Sysco in the fourth quarter valued at about $373,000. Lowe Brockenbrough & Co. Inc. raised its position in Sysco by 2.8% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 24,629 shares of the company’s stock worth $1,815,000 after purchasing an additional 679 shares in the last quarter. MCF Advisors LLC raised its position in Sysco by 205.4% in the fourth quarter. MCF Advisors LLC now owns 1,933 shares of the company’s stock worth $142,000 after purchasing an additional 1,300 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in Sysco by 48.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 423,710 shares of the company’s stock worth $31,223,000 after purchasing an additional 137,993 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

NYSE SYY opened at $76.36 on Friday. The firm has a market cap of $36.51 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 3.12 and a beta of 0.65. The company has a 50 day moving average of $74.45 and a 200-day moving average of $78.09. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). The firm had revenue of $20.52 billion for the quarter, compared to analyst estimates of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, equities analysts forecast that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be issued a $0.55 dividend. This is an increase from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Sysco’s dividend payout ratio (DPR) is 59.83%.

Analyst Ratings Changes

SYY has been the subject of several recent research reports. Citigroup increased their price target on shares of Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. UBS Group dropped their price target on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Barclays dropped their price target on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings lowered shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sysco has an average rating of “Moderate Buy” and an average price target of $88.15.

Insider Buying and Selling at Sysco

In related news, Director John M. Hinshaw purchased 13,304 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the acquisition, the director directly owned 40,200 shares in the company, valued at approximately $3,021,834. This trade represents a 49.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

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.