Nomura Holdings Inc. Lowers Stock Position in Sysco Corporation $SYY

Key Points

• Nomura Holdings Inc. has reduced its stake in Sysco Corporation by 56% in the first quarter, now holding 15,430 shares valued at approximately $1.16 million.
• Various institutional investors have increased their holdings in Sysco, with Rialto Wealth Management growing by 188.7% during the same period.
• Analysts have set a consensus target price of $85.69 for Sysco shares, reflecting a "Moderate Buy" rating based on multiple positive ratings from firms like Bank of America and UBS Group.

Nomura Holdings Inc. decreased its holdings in Sysco Corporation (NYSE:SYY - Free Report) by 56.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,430 shares of the company's stock after selling 19,676 shares during the quarter. Nomura Holdings Inc.'s holdings in Sysco were worth $1,158,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in SYY. Boyd Watterson Asset Management LLC OH raised its stake in Sysco by 106.4% during the first quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company's stock worth $236,000 after acquiring an additional 1,622 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Sysco by 2.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 223,510 shares of the company's stock valued at $16,772,000 after buying an additional 4,932 shares in the last quarter. Fiduciary Trust Co boosted its holdings in shares of Sysco by 0.3% in the fourth quarter. Fiduciary Trust Co now owns 66,495 shares of the company's stock valued at $5,084,000 after acquiring an additional 196 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in shares of Sysco during the 1st quarter valued at $202,000. Finally, Golden State Wealth Management LLC raised its holdings in shares of Sysco by 48.4% in 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. 83.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 7,351 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $81.00, for a total transaction of $595,431.00. Following the completion of the sale, the executive vice president owned 41,837 shares in the company, valued at $3,388,797. This represents a 14.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 56,304 shares of the company's stock, valued at $4,504,320. The trade was a 41.54% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,377 shares of company stock valued at $7,361,490. Corporate insiders own 0.54% of the company's stock.

Sysco Stock Performance

NYSE:SYY traded down $0.06 during trading hours on Friday, reaching $82.45. The company had a trading volume of 2,675,007 shares, compared to its average volume of 2,683,667. The firm has a market cap of $39.97 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 2.55 and a beta of 0.80. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.17. The firm's 50 day moving average price is $79.29 and its 200-day moving average price is $75.06.

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

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 3rd. Sysco's dividend payout ratio (DPR) is currently 57.91%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on Sysco from $82.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Citigroup began coverage on shares of Sysco in a report on Thursday, May 22nd. They set a "neutral" rating and a $78.00 price target on the stock. UBS Group set a $90.00 price objective on shares of Sysco in a research report on Wednesday, July 30th. Bank of America boosted their price target on Sysco from $81.00 to $93.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Guggenheim lifted 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. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.69.

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.