Sysco Corporation $SYY Stock Position Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its holdings in Sysco Corporation (NYSE:SYY) by 6.6% during the third quarter, HoldingsChannel.com reports. The fund owned 271,500 shares of the company’s stock after purchasing an additional 16,710 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Sysco were worth $21,166,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SYY. Parkside Financial Bank & Trust lifted its holdings in shares of Sysco by 7.0% in the second quarter. Parkside Financial Bank & Trust now owns 2,241 shares of the company’s stock worth $187,000 after acquiring an additional 147 shares during the last quarter. Plimoth Trust Co. LLC grew its holdings in shares of Sysco by 4.2% during the 1st quarter. Plimoth Trust Co. LLC now owns 3,744 shares of the company’s stock valued at $267,000 after purchasing an additional 150 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Sysco by 87.6% during the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock valued at $26,000 after purchasing an additional 170 shares during the last quarter. Cornerstone Wealth Group LLC increased its position in Sysco by 5.5% during the 1st quarter. Cornerstone Wealth Group LLC now owns 3,341 shares of the company’s stock worth $250,000 after purchasing an additional 173 shares in the last quarter. Finally, Modern Wealth Management LLC increased its position in Sysco by 2.0% during the 1st quarter. Modern Wealth Management LLC now owns 9,439 shares of the company’s stock worth $681,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

SYY has been the subject of several research reports. Piper Sandler increased their price objective on shares of Sysco from $77.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Morgan Stanley boosted their target price on shares of Sysco from $88.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 15th. UBS Group upped their price target on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Guggenheim reiterated a “buy” rating and set a $90.00 price target on shares of Sysco in a report on Wednesday, September 16th. Finally, Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research note on Saturday. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.42.

Insider Transactions at Sysco

In other news, EVP Ronald Phillips sold 7,350 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $83.61, for a total transaction of $614,533.50. Following the completion of the transaction, the executive vice president owned 38,650 shares of the company’s stock, valued at approximately $3,231,526.50. This trade represents a 15.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 15,525 shares of company stock valued at $1,299,736. Corporate insiders own 0.55% of the company’s stock.

Sysco Stock Performance

NYSE:SYY opened at $81.38 on Friday. The stock has a market cap of $40.04 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 2.87 and a beta of 0.64. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 4.62. The stock’s 50-day moving average is $80.49 and its 200-day moving average is $79.29. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.02. The company had revenue of $22.12 billion during the quarter, compared to the consensus estimate of $21.95 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 earnings per share. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. Equities research analysts anticipate that Sysco Corporation will post 5.10 earnings per share for the current year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 2nd were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, October 2nd. Sysco’s dividend payout ratio is 60.11%.

About Sysco

Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.

The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.

Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.