Roundview Capital LLC Sells 1,795 Shares of Sysco Corporation $SYY

Roundview Capital LLC lessened its stake in shares of Sysco Corporation (NYSE:SYY) by 5.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,702 shares of the company’s stock after selling 1,795 shares during the quarter. Roundview Capital LLC’s holdings in Sysco were worth $2,174,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Invesco Ltd. grew its stake in shares of Sysco by 1.0% during the first quarter. Invesco Ltd. now owns 17,070,502 shares of the company’s stock worth $1,280,970,000 after buying an additional 162,961 shares during the last quarter. Boston Partners grew its stake in shares of Sysco by 24.8% during the first quarter. Boston Partners now owns 15,199,828 shares of the company’s stock worth $1,139,798,000 after buying an additional 3,015,714 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Sysco by 2.0% during the first quarter. Diamond Hill Capital Management Inc. now owns 7,353,551 shares of the company’s stock worth $551,810,000 after buying an additional 146,573 shares during the last quarter. Northern Trust Corp grew its stake in shares of Sysco by 2.6% during the first quarter. Northern Trust Corp now owns 5,828,930 shares of the company’s stock worth $437,403,000 after buying an additional 145,477 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Sysco by 8.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,087,250 shares of the company’s stock worth $381,747,000 after buying an additional 391,614 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Insider Activity

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

Sysco Price Performance

Shares of NYSE SYY opened at $79.83 on Wednesday. The firm’s 50-day moving average price is $80.90 and its 200-day moving average price is $76.25. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $83.47. The firm has a market capitalization of $38.20 billion, a P/E ratio of 21.40, a P/E/G ratio of 2.50 and a beta of 0.82. 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 announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.09. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The firm had revenue of $21.14 billion for the quarter, compared to analyst estimates of $21.01 billion. During the same quarter in the prior year, the business earned $1.39 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities research analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be given 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 dividend yield of 2.7%. Sysco’s payout ratio is presently 57.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Guggenheim lifted their price target on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. UBS Group set a $90.00 price target on shares of Sysco in a report on Wednesday, July 30th. Finally, Bank of America lifted their price target on shares of Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.85.

Sysco 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.