B. Metzler seel. Sohn & Co. AG Lowers Stock Position in Sysco Corporation $SYY

B. Metzler seel. Sohn & Co. AG trimmed its position in Sysco Corporation (NYSE:SYY - Free Report) by 23.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 40,505 shares of the company's stock after selling 12,732 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Sysco were worth $3,385,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Lloyd Advisory Services LLC. bought a new position in Sysco during the fourth quarter valued at $25,000. Motiv8 Investments LLC bought a new position in Sysco during the fourth quarter worth about $25,000. Sunbelt Securities Inc. lifted its stake 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 buying an additional 170 shares in the last quarter. Bard Associates Inc. purchased a new stake in shares of Sysco during the 4th quarter valued at approximately $27,000. Finally, Elyxium Wealth LLC bought a new position in Sysco in the 4th quarter worth approximately $28,000. Institutional investors own 83.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SYY shares. Weiss Ratings raised shares of Sysco from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, August 19th. UBS Group upped their price target on Sysco from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Piper Sandler increased their price target on shares of Sysco from $77.00 to $84.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Melius Research lowered shares of Sysco from a "hold" rating to a "sell" rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen raised shares of Sysco from a "hold" rating to a "buy" rating in a research note on Saturday, August 29th. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $89.50.

Sysco Trading Down 1.2%

Shares of SYY opened at $80.10 on Friday. The stock has a market capitalization of $38.38 billion, a P/E ratio of 21.89, a PEG ratio of 2.77 and a beta of 0.63. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 4.62. The firm has a fifty day simple moving average of $83.13 and a two-hundred day simple moving average of $80.33.

Sysco (NYSE:SYY - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.02. Sysco had a return on equity of 95.05% and a net margin of 2.08%.The firm had revenue of $22.12 billion for the quarter, compared to the consensus estimate of $21.95 billion. During the same quarter in the prior year, the business earned $1.48 EPS. The business's revenue for the quarter was up 4.7% on a year-over-year basis. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. On average, research analysts anticipate that Sysco Corporation will post 5.12 EPS for the current year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 2nd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.20 annualized dividend and a yield of 2.7%. Sysco's dividend payout ratio (DPR) is currently 60.11%.

Insiders Place Their Bets

In other news, EVP Ronald Phillips sold 506 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $84.09, for a total transaction of $42,549.54. Following the completion of the transaction, the executive vice president directly owned 36,313 shares in the company, valued at $3,053,560.17. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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. Insiders have sold a total of 14,508 shares of company stock valued at $1,215,250 in the last 90 days. 0.56% of the stock is currently owned by corporate insiders.

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.

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