Dimensional Fund Advisors LP Purchases 226,029 Shares of Sysco Corporation $SYY

Key Points

• Dimensional Fund Advisors LP increased its stake in Sysco Corporation by 5.3%, holding approximately 4.5 million shares worth $338 million.
• Insider selling was noted, with EVP Greg D. Bertrand selling 40,000 shares for $3.2 million and EVP Ronald L. Phillips selling 37,606 shares for approximately $3 million.
• Sysco's stock has seen a slight decline of 2.1%, with analysts maintaining a consensus rating of "Moderate Buy" and a target price averaging around $85.69.

Dimensional Fund Advisors LP lifted its position in shares of Sysco Corporation (NYSE:SYY - Free Report) by 5.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,509,742 shares of the company's stock after purchasing an additional 226,029 shares during the quarter. Dimensional Fund Advisors LP owned about 0.93% of Sysco worth $338,381,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boyd Watterson Asset Management LLC OH increased its position in Sysco by 106.4% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company's stock worth $236,000 after purchasing an additional 1,622 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Sysco by 2.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 223,510 shares of the company's stock worth $16,772,000 after purchasing an additional 4,932 shares in the last quarter. Fiduciary Trust Co increased its position in Sysco by 0.3% during the 4th quarter. Fiduciary Trust Co now owns 66,495 shares of the company's stock worth $5,084,000 after purchasing an additional 196 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in Sysco during the 1st quarter worth approximately $202,000. Finally, Golden State Wealth Management LLC increased its position in Sysco by 48.4% during the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock worth $32,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on SYY. Wall Street Zen cut Sysco from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Truist Financial upped their price target on Sysco from $81.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. UBS Group set a $90.00 price target on Sysco in a report on Wednesday, July 30th. Sanford C. Bernstein set a $87.00 price target on Sysco and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company set a $88.00 price target on Sysco and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $85.69.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 37,606 shares of Sysco stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the transaction, the executive vice president owned 30,235 shares of the company's stock, valued at $2,449,035. The trade was a 55.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction dated 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 transaction, the executive vice president directly owned 56,304 shares in the company, valued at approximately $4,504,320. This trade represents a 41.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 84,026 shares of company stock worth $6,766,059 in the last three months. 0.54% of the stock is currently owned by company insiders.

Sysco Stock Performance

NYSE SYY traded up $1.3760 during trading hours on Wednesday, hitting $80.8660. The company had a trading volume of 2,719,907 shares, compared to its average volume of 3,333,590. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $82.64. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75. The business has a fifty day simple moving average of $77.81 and a 200-day simple moving average of $74.23. The firm has a market cap of $39.20 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 2.45 and a beta of 0.83.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.09. The company had revenue of $21.14 billion for the quarter, compared to analyst estimates of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $1.39 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities analysts predict that Sysco Corporation will post 4.58 EPS for the current year.

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.