Northeast Investment Management Has $694,000 Stake in Sysco Corporation $SYY

Northeast Investment Management trimmed its holdings in shares of Sysco Corporation (NYSE:SYY) by 2.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,157 shares of the company’s stock after selling 210 shares during the quarter. Northeast Investment Management’s holdings in Sysco were worth $694,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Boyd Watterson Asset Management LLC OH lifted its stake in shares of Sysco by 106.4% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company’s stock valued at $236,000 after buying an additional 1,622 shares during the period. Gradient Investments LLC lifted its stake in shares of Sysco by 9.2% in the second quarter. Gradient Investments LLC now owns 189,169 shares of the company’s stock valued at $14,328,000 after buying an additional 15,906 shares during the period. Beacon Financial Group lifted its stake in shares of Sysco by 55.5% in the second quarter. Beacon Financial Group now owns 9,955 shares of the company’s stock valued at $754,000 after buying an additional 3,554 shares during the period. Shell Asset Management Co. lifted its stake in Sysco by 31.6% during the second quarter. Shell Asset Management Co. now owns 19,218 shares of the company’s stock worth $1,456,000 after purchasing an additional 4,620 shares during the period. Finally, KLP Kapitalforvaltning AS lifted its stake in Sysco by 5.8% during the second quarter. KLP Kapitalforvaltning AS now owns 448,600 shares of the company’s stock worth $33,977,000 after purchasing an additional 24,500 shares during the period. 83.41% of the stock is currently owned by institutional investors.

Sysco Stock Performance

NYSE SYY opened at $79.92 on Monday. The firm has a market cap of $38.24 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 2.47 and a beta of 0.82. The company has a 50 day moving average of $80.73 and a 200-day moving average of $76.56. 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 Corporation has a 1-year low of $67.12 and a 1-year high of $83.47.

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

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be issued 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 (DPR) is currently 57.91%.

Analyst Upgrades and Downgrades

SYY has been the subject of a number of analyst reports. Bank of America raised their price target on shares of Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Barclays raised their price target on shares of Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Morgan Stanley raised their price target on shares of Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. Guggenheim raised their price target 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. Finally, Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.46.

Insider Buying and Selling

In related news, EVP Greg D. Bertrand sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were 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 owned 56,304 shares of the company’s stock, valued at $4,504,320. This trade represents a 41.54% 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. Also, 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 transaction 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 represents a 2.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 92,338 shares of company stock valued at $7,439,331. 0.56% of the stock is currently owned by company insiders.

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.