Fiduciary Management Inc. WI Sells 92,320 Shares of Sysco Corporation $SYY

Key Points

• Fiduciary Management Inc. WI reduced its holdings in Sysco Corporation by 3.6% in Q1, after selling 92,320 shares, leaving them with 2,480,597 shares valued at approximately $186 million.
• Sysco recently reported a quarterly EPS of $1.48, exceeding the consensus estimate of $1.39, with revenues of $21.14 billion, up 2.8% from the previous year.
• The company declared a quarterly dividend of $0.54, set to be paid on October 24th, representing a 2.7% dividend yield.

Fiduciary Management Inc. WI cut its position in Sysco Corporation (NYSE:SYY - Free Report) by 3.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,480,597 shares of the company's stock after selling 92,320 shares during the quarter. Sysco accounts for about 1.8% of Fiduciary Management Inc. WI's portfolio, making the stock its 20th largest holding. Fiduciary Management Inc. WI owned about 0.51% of Sysco worth $186,144,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kestra Advisory Services LLC lifted its stake in shares of Sysco by 7.9% in the first quarter. Kestra Advisory Services LLC now owns 79,650 shares of the company's stock valued at $5,977,000 after buying an additional 5,813 shares in the last quarter. Bragg Financial Advisors Inc raised its position in Sysco by 2.9% in the first quarter. Bragg Financial Advisors Inc now owns 10,412 shares of the company's stock worth $781,000 after acquiring an additional 296 shares during the period. Norinchukin Bank The raised its position in Sysco by 16.0% in the first quarter. Norinchukin Bank The now owns 26,843 shares of the company's stock worth $2,014,000 after acquiring an additional 3,703 shares during the period. Integras Partners LLC increased its stake in shares of Sysco by 15.6% in the first quarter. Integras Partners LLC now owns 37,043 shares of the company's stock worth $2,780,000 after purchasing an additional 4,988 shares in the last quarter. Finally, Clarkston Capital Partners LLC increased its stake in shares of Sysco by 0.5% in the first quarter. Clarkston Capital Partners LLC now owns 2,141,143 shares of the company's stock worth $160,671,000 after purchasing an additional 9,972 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Performance

NYSE SYY traded down $0.9530 during trading hours on Monday, hitting $79.3370. 2,369,429 shares of the company's stock traded hands, compared to its average volume of 3,313,996. The business's fifty day moving average price is $78.14 and its two-hundred day moving average price is $74.43. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. The firm has a market capitalization of $38.46 billion, a P/E ratio of 21.27, a P/E/G ratio of 2.49 and a beta of 0.83. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $82.64.

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

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, October 3rd. Sysco's dividend payout ratio is presently 57.91%.

Wall Street Analyst Weigh In

Several brokerages recently commented on SYY. Guggenheim boosted their price objective on shares of Sysco from $85.00 to $87.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. UBS Group set a $90.00 target price on shares of Sysco in a report on Wednesday, July 30th. Barclays upped their target price on shares of Sysco from $77.00 to $82.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Citigroup assumed coverage on shares of Sysco in a research note on Thursday, May 22nd. They issued a "neutral" rating and a $78.00 price target for the company. Finally, Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $85.69.

Insider Buying and Selling

In other news, EVP Ronald L. Phillips sold 37,606 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total value of $3,046,086.00. Following the sale, the executive vice president owned 30,235 shares of the company's stock, valued at approximately $2,449,035. This represents a 55.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the completion of the sale, the executive vice president directly owned 56,304 shares in the company, valued at approximately $4,504,320. This represents a 41.54% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,026 shares of company stock valued at $6,766,059. Company insiders own 0.54% of the company's stock.

Sysco Company 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.