Sysco Corporation $SYY Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. decreased its position in shares of Sysco Corporation (NYSE:SYY) by 4.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 72,276 shares of the company’s stock after selling 3,134 shares during the period. John G Ullman & Associates Inc.’s holdings in Sysco were worth $5,474,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SYY. Wealth Enhancement Advisory Services LLC lifted its stake in Sysco by 2.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 223,510 shares of the company’s stock worth $16,772,000 after acquiring an additional 4,932 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in Sysco during the 1st quarter worth about $202,000. State of Alaska Department of Revenue increased its holdings in Sysco by 2.3% during the 1st quarter. State of Alaska Department of Revenue now owns 57,319 shares of the company’s stock worth $4,301,000 after purchasing an additional 1,305 shares during the period. Johnson Investment Counsel Inc. increased its holdings in Sysco by 5.6% during the 1st quarter. Johnson Investment Counsel Inc. now owns 12,721 shares of the company’s stock worth $955,000 after purchasing an additional 673 shares during the period. Finally, Premier Path Wealth Partners LLC increased its holdings in Sysco by 3.9% during the 1st quarter. Premier Path Wealth Partners LLC now owns 4,698 shares of the company’s stock worth $353,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings downgraded Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. UBS Group set a $90.00 price target on Sysco in a report on Wednesday, July 30th. Wall Street Zen upgraded Sysco from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Morgan Stanley upped their price target on Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a report on Monday, July 14th. Finally, Citigroup increased their price objective on Sysco from $84.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Sysco has a consensus rating of “Moderate Buy” and a consensus target price of $86.46.

Sysco Trading Up 1.4%

SYY opened at $79.92 on Friday. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47. The company has a market cap of $38.24 billion, a P/E ratio of 21.42, a PEG ratio of 2.47 and a beta of 0.82. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. The business’s 50-day simple moving average is $80.73 and its 200-day simple moving average is $76.55.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $21.01 billion. During the same quarter in the prior year, the business posted $1.39 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities research analysts expect that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. Sysco’s dividend payout ratio is 57.91%.

Insider Transactions at Sysco

In related news, EVP Greg D. Bertrand sold 40,000 shares of the company’s stock in a transaction dated 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,361,581. This trade represents 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 sold 92,338 shares of company stock valued at $7,439,331. Insiders own 0.56% of the company’s stock.

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.