American Century Companies Inc. Has $69.73 Million Stock Holdings in Sysco Corporation $SYY

Key Points

• American Century Companies Inc. has reduced its stake in Sysco Corporation by 4.6% during the first quarter, now holding 929,296 shares worth approximately $69.73 million.
• Insider trading included significant sales by executives, with EVP Greg D. Bertrand selling 40,000 shares for $3.2 million, representing a 41.54% decrease in his position.
• Sysco's stock is trending with a market cap of $38.40 billion and recent earnings exceeded expectations, reporting $1.48 EPS compared to a consensus of $1.39.

American Century Companies Inc. lowered its position in shares of Sysco Corporation (NYSE:SYY - Free Report) by 4.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 929,296 shares of the company's stock after selling 45,245 shares during the period. American Century Companies Inc. owned approximately 0.19% of Sysco worth $69,734,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SYY. Rialto Wealth Management LLC lifted its holdings in Sysco by 188.7% in the 1st quarter. Rialto Wealth Management LLC now owns 332 shares of the company's stock worth $25,000 after buying an additional 217 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Sysco during the fourth quarter worth about $29,000. Golden State Wealth Management LLC increased its position in shares of Sysco by 48.4% during the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock worth $32,000 after acquiring an additional 140 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Sysco in the first quarter worth about $33,000. Finally, Capital A Wealth Management LLC purchased a new position in Sysco in the fourth quarter valued at about $34,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sysco news, EVP Ronald L. Phillips sold 37,606 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total transaction 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. This trade represents a 55.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the completion of the transaction, the executive vice president directly owned 56,304 shares in the company, valued at $4,504,320. This represents a 41.54% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,026 shares of company stock valued at $6,766,059. 0.54% of the stock is currently owned by corporate insiders.

Sysco Stock Performance

Shares of NYSE:SYY traded down $1.2230 on Thursday, hitting $79.7570. The company's stock had a trading volume of 2,048,063 shares, compared to its average volume of 3,474,146. The company has a market capitalization of $38.66 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $82.64. The stock's 50-day moving average is $78.02 and its two-hundred day moving average is $74.32.

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

Sysco Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group set a $90.00 target price on Sysco in a research report on Wednesday, July 30th. Citigroup began coverage on shares of Sysco in a research note on Thursday, May 22nd. They set a "neutral" rating and a $78.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of Sysco from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. Barclays boosted their target price on shares of Sysco from $77.00 to $82.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Finally, Truist Financial increased their price target on shares of Sysco from $81.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Sysco currently has a consensus rating of "Moderate Buy" and an average price target of $85.69.

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.