Massachusetts Financial Services Co. MA Sells 89,649 Shares of Sysco Corporation $SYY

Key Points

• Massachusetts Financial Services trimmed its stake in Sysco by 89,649 shares (a 4.2% reduction), leaving 2,040,100 shares worth about $150.3 million (roughly a 0.43% stake) at the end of the quarter.
• Company insiders also sold stock recently—Director Sheila Talton sold 2,801 shares at about $82.99 and EVP Ronald L. Phillips sold 5,601 shares at about $81—leaving insiders with roughly 0.56% ownership.
• Wall Street’s consensus is a “Moderate Buy” with an average target of $87.85 amid mixed analyst moves, and Sysco pays a $2.16 annual dividend (3.0% yield) with FY2026 EPS guidance around 4.60.

Massachusetts Financial Services Co. MA lessened its holdings in Sysco Corporation (NYSE:SYY - Free Report) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,040,100 shares of the company's stock after selling 89,649 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.43% of Sysco worth $150,335,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SYY. Bar Harbor Wealth Management increased its position in Sysco by 1.7% during the fourth quarter. Bar Harbor Wealth Management now owns 127,731 shares of the company's stock valued at $9,412,000 after acquiring an additional 2,178 shares during the last quarter. True North Advisors LLC increased its position in Sysco by 9.5% during the fourth quarter. True North Advisors LLC now owns 3,149 shares of the company's stock valued at $232,000 after acquiring an additional 273 shares during the last quarter. McElhenny Sheffield Capital Management LLC increased its position in Sysco by 15.1% during the fourth quarter. McElhenny Sheffield Capital Management LLC now owns 4,806 shares of the company's stock valued at $354,000 after acquiring an additional 631 shares during the last quarter. Oak Thistle LLC bought a new position in Sysco during the fourth quarter valued at $1,150,000. Finally, Modera Wealth Management LLC increased its position in Sysco by 2.9% during the fourth quarter. Modera Wealth Management LLC now owns 117,571 shares of the company's stock valued at $8,664,000 after acquiring an additional 3,292 shares during the last quarter. Institutional investors own 83.41% of the company's stock.

Insider Transactions at Sysco

In related news, Director Sheila Talton sold 2,801 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the sale, the director directly owned 12,868 shares of the company's stock, valued at $1,067,915.32. This represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ronald L. Phillips sold 5,601 shares of the company's stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the sale, the executive vice president directly owned 35,965 shares of the company's stock, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SYY. Barclays boosted their price objective on shares of Sysco from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, January 28th. Jefferies Financial Group boosted their price objective on shares of Sysco from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. Guggenheim cut their price objective on shares of Sysco from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Thursday, April 2nd. BMO Capital Markets reiterated an "outperform" rating on shares of Sysco in a research report on Wednesday, January 28th. Finally, Piper Sandler cut their price objective on shares of Sysco from $83.00 to $77.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 7th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $87.85.

Sysco Stock Up 0.0%

NYSE:SYY opened at $72.86 on Monday. Sysco Corporation has a 1-year low of $68.00 and a 1-year high of $91.85. The company has a 50-day moving average of $83.48 and a 200 day moving average of $78.98. The firm has a market cap of $34.89 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.63 and a beta of 0.69. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The company had revenue of $20.76 billion during the quarter, compared to analyst estimates of $20.80 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, research analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 3.0%. Sysco's dividend payout ratio is 58.06%.

About Sysco

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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