Sysco Corporation $SYY Shares Sold by John G Ullman & Associates Inc.

Key Points

• John G Ullman & Associates Inc. reduced its holdings in Sysco Corporation by 4.2% during the second quarter, now owning 72,276 shares valued at approximately $5.47 million.
• Sysco recently announced a quarterly dividend of $0.54 per share, with a yield of 2.7%, set to be paid on October 24th to shareholders of record on October 3rd.
• Sysco's recent earnings report showed an EPS of $1.48, beating estimates, with revenues of $21.14 billion for the quarter, marking a 2.8% year-over-year increase.

John G Ullman & Associates Inc. reduced its holdings in Sysco Corporation (NYSE:SYY - Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,276 shares of the company's stock after selling 3,134 shares during the period. John G Ullman & Associates Inc.'s holdings in Sysco were worth $5,474,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SYY. Ellis Investment Partners LLC increased its position in shares of Sysco by 4.9% during the second quarter. Ellis Investment Partners LLC now owns 2,820 shares of the company's stock worth $214,000 after purchasing an additional 133 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of Sysco by 48.4% in the first 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 during the last quarter. Trust Co of the South raised its position in shares of Sysco by 3.0% in the second 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 during the last quarter. NorthRock Partners LLC raised its position in shares of Sysco by 2.2% in the second quarter. NorthRock Partners LLC now owns 6,514 shares of the company's stock valued at $493,000 after buying an additional 142 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in shares of Sysco by 1.6% in the first 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 during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the sale, the executive vice president owned 41,501 shares in the company, valued at $3,361,581. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the sale, the executive vice president 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. Insiders sold 92,338 shares of company stock worth $7,439,331 in the last 90 days. Company insiders own 0.56% of the company's stock.

Sysco Price Performance

NYSE:SYY opened at $79.92 on Friday. Sysco Corporation has a 52 week low of $67.12 and a 52 week 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 company has a market capitalization of $38.24 billion, a P/E ratio of 21.42, a P/E/G ratio of 2.47 and a beta of 0.82. The stock's fifty day moving average is $80.73 and its two-hundred day moving average is $76.55.

Sysco (NYSE:SYY - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating 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 company had revenue of $21.14 billion for the quarter, compared to the consensus estimate of $21.01 billion. During the same quarter in the previous year, the business earned $1.39 earnings per share. The company's revenue for the quarter was up 2.8% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities analysts expect that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SYY shares. Weiss Ratings cut shares of Sysco from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. UBS Group set a $90.00 target price on shares of Sysco in a research report on Wednesday, July 30th. Morgan Stanley boosted their price objective on Sysco from $72.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Wall Street Zen raised Sysco from a "hold" rating to a "buy" rating in a research note on Saturday, October 11th. Finally, Wells Fargo & Company set a $88.00 price objective on Sysco and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.46.

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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