Shell Asset Management Co. Increases Stock Holdings in Sysco Corporation $SYY

Shell Asset Management Co. lifted its position in shares of Sysco Corporation (NYSE:SYY - Free Report) by 31.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,218 shares of the company's stock after purchasing an additional 4,620 shares during the quarter. Shell Asset Management Co.'s holdings in Sysco were worth $1,456,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its holdings in Sysco by 48.4% during the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock valued at $32,000 after buying an additional 140 shares in the last quarter. Trust Co of the South grew its holdings in Sysco by 3.0% during the 2nd quarter. Trust Co of the South now owns 4,849 shares of the company's stock valued at $367,000 after buying an additional 142 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in Sysco by 1.6% during the 1st quarter. Chicago Partners Investment Group LLC now owns 8,898 shares of the company's stock valued at $627,000 after buying an additional 143 shares in the last quarter. BSW Wealth Partners grew its holdings in Sysco by 2.3% during the 2nd quarter. BSW Wealth Partners now owns 6,449 shares of the company's stock valued at $488,000 after buying an additional 146 shares in the last quarter. Finally, One Wealth Advisors LLC grew its holdings in Sysco by 3.3% during the 1st quarter. One Wealth Advisors LLC now owns 4,698 shares of the company's stock valued at $353,000 after buying an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Guggenheim raised their price target on Sysco from $87.00 to $89.00 and gave the company a "buy" rating in a report on Monday. Morgan Stanley lifted their target price on Sysco from $72.00 to $77.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Wall Street Zen cut Sysco from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Barclays lifted their target price on Sysco from $77.00 to $82.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, UBS Group set a $90.00 price objective on Sysco in a report on Wednesday, July 30th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $85.85.

Sysco Trading Down 1.5%

Shares of NYSE SYY opened at $78.76 on Thursday. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47. 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 $80.87 and a two-hundred day simple moving average of $76.26. The firm has a market cap of $37.69 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 2.48 and a beta of 0.82.

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

Sysco Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Ronald L. Phillips sold 37,606 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total value of $3,046,086.00. Following the completion of the transaction, the executive vice president directly owned 30,235 shares of the company's stock, valued at approximately $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 accessible through this link. Also, EVP Greg D. Bertrand sold 40,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the transaction, the executive vice president directly owned 56,304 shares of the company's stock, valued at approximately $4,504,320. The trade was a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,338 shares of company stock worth $7,439,331 in the last three months. Corporate insiders own 0.54% of the company's stock.

Sysco 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.

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