Aurdan Capital Management LLC Lowers Stake in Sysco Corporation $SYY

Aurdan Capital Management LLC lowered its stake in shares of Sysco Corporation (NYSE:SYY) by 11.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 44,392 shares of the company’s stock after selling 5,722 shares during the period. Sysco makes up approximately 1.1% of Aurdan Capital Management LLC’s investment portfolio, making the stock its 22nd largest position. Aurdan Capital Management LLC’s holdings in Sysco were worth $3,362,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Chung Wu Investment Group LLC purchased a new position in shares of Sysco during the 2nd quarter worth approximately $30,000. N.E.W. Advisory Services LLC purchased a new position in shares of Sysco during the 1st quarter worth approximately $33,000. Cheviot Value Management LLC purchased a new position in shares of Sysco during the 1st quarter worth approximately $34,000. 1248 Management LLC purchased a new position in shares of Sysco during the 1st quarter worth approximately $35,000. Finally, Banque Transatlantique SA purchased a new position in shares of Sysco during the 1st quarter worth approximately $35,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling at Sysco

In other news, 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 sale, the executive vice president directly owned 41,501 shares in the company, valued at approximately $3,361,581. This trade represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 14,732 shares of company stock valued at $1,193,245. 0.56% of the stock is currently owned by company insiders.

Sysco Price Performance

Shares of SYY opened at $74.35 on Friday. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47. The firm’s fifty day simple moving average is $80.08 and its 200-day simple moving average is $77.04. The firm has a market capitalization of $35.60 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.19 and a beta of 0.82. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 5.54.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business had revenue of $21.15 billion for the quarter, compared to analyst estimates of $21.03 billion. During the same period last year, the business earned $1.09 EPS. The company’s revenue was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities analysts forecast that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 3rd were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, October 3rd. Sysco’s dividend payout ratio (DPR) is presently 57.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial increased their target price on shares of Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Sanford C. Bernstein assumed coverage on shares of Sysco in a report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 target price on the stock. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Barclays increased their target price on shares of Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, UBS Group set a $90.00 target price on shares of Sysco in a report on Wednesday, July 30th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Sysco has a consensus rating of “Moderate Buy” and a consensus price target of $87.31.

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.