Sysco Corporation $SYY Shares Purchased by Amundi

Amundi boosted its stake in Sysco Corporation (NYSE:SYY - Free Report) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,362,688 shares of the company's stock after acquiring an additional 18,391 shares during the period. Amundi owned about 0.49% of Sysco worth $197,473,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SYY. First Citizens Bank & Trust Co. lifted its stake in Sysco by 1.2% in the fourth quarter. First Citizens Bank & Trust Co. now owns 11,224 shares of the company's stock valued at $827,000 after buying an additional 138 shares during the last quarter. Arax Advisory Partners boosted its stake in Sysco by 2.4% during the 4th quarter. Arax Advisory Partners now owns 6,222 shares of the company's stock worth $458,000 after purchasing an additional 145 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in Sysco by 11.1% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 1,469 shares of the company's stock worth $108,000 after purchasing an additional 147 shares during the period. EagleClaw Capital Managment LLC grew its position in Sysco by 0.3% during the 4th quarter. EagleClaw Capital Managment LLC now owns 44,485 shares of the company's stock worth $3,278,000 after purchasing an additional 150 shares during the last quarter. Finally, Plimoth Trust Co. LLC increased its stake in Sysco by 4.2% in the first quarter. Plimoth Trust Co. LLC now owns 3,744 shares of the company's stock valued at $267,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 83.41% of the company's stock.

Sysco Price Performance

Shares of NYSE SYY opened at $79.88 on Wednesday. The firm has a market capitalization of $38.27 billion, a P/E ratio of 21.83, a PEG ratio of 2.73 and a beta of 0.63. Sysco Corporation has a one year low of $68.19 and a one year high of $91.85. The company's fifty day moving average is $83.00 and its two-hundred day moving average is $80.13. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.02. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The business had revenue of $22.12 billion during the quarter, compared to the consensus estimate of $21.95 billion. During the same quarter last year, the firm posted $1.48 EPS. The business's revenue was up 4.7% compared to the same quarter last year. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. Analysts forecast that Sysco Corporation will post 5.12 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 2nd will be given a $0.55 dividend. The ex-dividend date is Friday, October 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. Sysco's dividend payout ratio (DPR) is currently 60.11%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group boosted their price target on Sysco from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Citigroup increased their price objective on Sysco from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Melius Research downgraded Sysco from a "hold" rating to a "sell" rating in a research note on Tuesday, July 7th. Piper Sandler boosted their target price on Sysco from $77.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Sysco from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, August 19th. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Sysco currently has an average rating of "Moderate Buy" and a consensus target price of $89.50.

Insider Activity at Sysco

In other Sysco news, EVP Ronald Phillips sold 506 shares of Sysco stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $84.09, for a total transaction of $42,549.54. Following the completion of the transaction, the executive vice president owned 36,313 shares in the company, valued at approximately $3,053,560.17. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 14,508 shares of company stock valued at $1,215,250. 0.56% of the stock is owned by insiders.

Sysco Company Profile

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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