Invesco Ltd. Sells 206,296 Shares of Sysco Corporation $SYY

Invesco Ltd. reduced its stake in shares of Sysco Corporation (NYSE:SYY) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,150,862 shares of the company’s stock after selling 206,296 shares during the period. Invesco Ltd.’s holdings in Sysco were worth $1,190,157,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SYY. Jackson Grant Investment Advisers Inc. purchased a new stake in Sysco in the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. purchased a new position in Sysco during the 4th quarter worth $25,000. Motiv8 Investments LLC bought a new stake in shares of Sysco in the 4th quarter worth $25,000. Torren Management LLC purchased a new stake in shares of Sysco in the fourth quarter valued at about $27,000. Finally, Bard Associates Inc. purchased a new stake in shares of Sysco in the fourth quarter valued at about $27,000. Institutional investors own 83.41% of the company’s stock.

Insider Activity

In other news, Director John M. Hinshaw bought 13,304 shares of the stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the purchase, the director directly owned 40,200 shares in the company, valued at $3,021,834. This represents a 49.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.56% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a report on Tuesday, April 28th. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Wells Fargo & Company upped their target price on Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Guggenheim dropped their price target on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Finally, Barclays cut their price objective on Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.15.

Sysco Stock Down 0.5%

SYY opened at $78.64 on Friday. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85. The company’s 50-day moving average price is $75.30 and its two-hundred day moving average price is $78.29. The stock has a market cap of $37.60 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 3.23 and a beta of 0.65. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). The company had revenue of $20.52 billion for the quarter, compared to analysts’ expectations of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, equities analysts expect that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be given a $0.55 dividend. This is an increase from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, July 2nd. Sysco’s dividend payout ratio (DPR) is 59.83%.

Sysco Company Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.