Yousif Capital Management LLC Sells 4,691 Shares of Sysco Corporation $SYY

Yousif Capital Management LLC decreased its holdings in Sysco Corporation (NYSE:SYY) by 2.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,033 shares of the company’s stock after selling 4,691 shares during the period. Yousif Capital Management LLC’s holdings in Sysco were worth $12,575,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SYY. Chung Wu Investment Group LLC bought a new stake in Sysco in the second quarter valued at approximately $30,000. Golden State Wealth Management LLC increased its stake in shares of Sysco by 48.4% during the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of Sysco during the first quarter worth approximately $33,000. Cheviot Value Management LLC bought a new position in shares of Sysco during the first quarter worth approximately $34,000. Finally, 1248 Management LLC bought a new position in shares of Sysco during the first quarter worth approximately $35,000. Institutional investors own 83.41% of the company’s stock.

Sysco Trading Down 0.3%

Shares of NYSE:SYY opened at $78.21 on Tuesday. The company has a market capitalization of $37.42 billion, a P/E ratio of 20.97, a P/E/G ratio of 2.43 and a beta of 0.82. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. The business’s 50 day simple moving average is $80.79 and its 200 day simple moving average is $76.44.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.09. The firm had revenue of $21.14 billion for the quarter, compared to the consensus estimate of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, research analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 3rd. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

Insiders Place Their Bets

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of the firm’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the sale, the executive vice president owned 56,304 shares of the company’s stock, valued at approximately $4,504,320. This trade represents a 41.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ronald L. Phillips sold 961 shares of the firm’s stock in a transaction 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 directly owned 41,501 shares in the company, valued at approximately $3,361,581. This represents a 2.26% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,338 shares of company stock worth $7,439,331. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SYY. Wall Street Zen upgraded Sysco from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group set a $90.00 target price on Sysco in a research note on Wednesday, July 30th. Bank of America increased their target price on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Barclays increased their target price on Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Finally, Morgan Stanley increased their target price on Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.85.

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.