Sysco Corporation $SYY Shares Sold by Dorsey & Whitney Trust CO LLC

Key Points

• Dorsey & Whitney Trust CO LLC reduced its stake in Sysco Corporation by 11.6%, selling 4,843 shares and now holding 36,898 shares valued at approximately $2.77 million.
• Sysco recently declared a quarterly dividend of $0.54 per share, resulting in an annualized yield of 2.7% and a payout ratio of 57.91%.
• Sysco's latest earnings report indicated a quarterly revenue of $21.14 billion, exceeding analysts' expectations and showing a 2.8% year-over-year increase in revenue.

Dorsey & Whitney Trust CO LLC cut its stake in Sysco Corporation (NYSE:SYY - Free Report) by 11.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,898 shares of the company's stock after selling 4,843 shares during the quarter. Dorsey & Whitney Trust CO LLC's holdings in Sysco were worth $2,769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Rialto Wealth Management LLC grew its stake in shares of Sysco by 188.7% in the 1st quarter. Rialto Wealth Management LLC now owns 332 shares of the company's stock valued at $25,000 after buying an additional 217 shares during the period. Parvin Asset Management LLC acquired a new position in Sysco in the fourth quarter valued at approximately $29,000. Golden State Wealth Management LLC increased its stake in 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 purchased a new stake in Sysco in the first quarter valued at $33,000. Finally, Capital A Wealth Management LLC acquired a new position in shares of Sysco in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 83.41% of the company's stock.

Insider Transactions at Sysco

In other news, EVP Greg D. Bertrand sold 40,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $4,504,320. This represents a 41.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ronald L. Phillips sold 6,286 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $81.00, for a total value of $509,166.00. Following the sale, the executive vice president directly owned 34,404 shares in the company, valued at $2,786,724. This trade represents a 15.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,026 shares of company stock valued at $6,766,059 over the last ninety days. 0.54% of the stock is owned by company insiders.

Sysco Price Performance

Shares of NYSE SYY opened at $80.8660 on Thursday. The stock's 50-day moving average is $77.93 and its two-hundred day moving average is $74.27. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. The company has a market cap of $39.20 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 2.46 and a beta of 0.83. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $82.64.

Sysco (NYSE:SYY - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.09. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The firm had revenue of $21.14 billion for the quarter, compared to analyst estimates of $21.01 billion. During the same period in the prior year, the firm earned $1.39 earnings per share. The business's quarterly 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 forecast that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.7%. Sysco's dividend payout ratio is presently 57.91%.

Analyst Upgrades and Downgrades

SYY has been the topic of several research analyst reports. Citigroup started coverage on shares of Sysco in a report on Thursday, May 22nd. They issued a "neutral" rating and a $78.00 price objective on the stock. JPMorgan Chase & Co. upped 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. Wells Fargo & Company set a $88.00 target price on shares of Sysco and gave the company an "overweight" rating in a report on Tuesday, July 29th. Barclays raised their price target on Sysco from $77.00 to $82.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Finally, BMO Capital Markets decreased their target price on Sysco from $82.00 to $77.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.

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