Sysco Corporation $SYY Shares Sold by Longview Partners Guernsey LTD

Key Points

• Longview Partners Guernsey LTD decreased its stake in Sysco Corporation by 5.8%, now owning approximately 5.9 million shares, which accounts for 3.6% of their total holdings.
• Sysco's recent quarter earnings showed a year-over-year revenue growth of 2.8%, reporting $1.48 EPS, surpassing the consensus estimate of $1.39 EPS.
• The company declared a quarterly dividend of $0.54 per share, set to be paid on October 24th, with an annualized dividend yield of 2.7%.

Longview Partners Guernsey LTD lowered its position in Sysco Corporation (NYSE:SYY - Free Report) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,930,384 shares of the company's stock after selling 364,100 shares during the quarter. Sysco accounts for approximately 3.6% of Longview Partners Guernsey LTD's holdings, making the stock its 19th biggest holding. Longview Partners Guernsey LTD owned about 1.22% of Sysco worth $445,016,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. NorthCrest Asset Manangement LLC boosted its holdings in shares of Sysco by 4.9% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 2,956 shares of the company's stock valued at $226,000 after acquiring an additional 139 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings 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 acquiring an additional 140 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings 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 acquiring an additional 143 shares in the last quarter. One Wealth Advisors LLC lifted its stake in Sysco by 3.3% during the first quarter. One Wealth Advisors LLC now owns 4,698 shares of the company's stock valued at $353,000 after purchasing an additional 151 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in Sysco by 4.5% during the first quarter. Synovus Financial Corp now owns 3,681 shares of the company's stock valued at $276,000 after purchasing an additional 157 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Insider Buying and Selling at Sysco

In other news, EVP Ronald L. Phillips sold 37,606 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the transaction, the executive vice president owned 30,235 shares in the company, valued at $2,449,035. This 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 the firm's stock in a transaction on Tuesday, July 22nd. The shares were 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 owned 56,304 shares in the company, valued at $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. In the last 90 days, insiders have sold 84,026 shares of company stock worth $6,766,059. 0.54% of the stock is currently owned by company insiders.

Sysco Stock Down 1.2%

SYY stock opened at $79.3370 on Tuesday. The company has a 50 day moving average of $78.23 and a two-hundred day moving average of $74.49. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $82.64. The company has a market cap of $38.46 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.49 and a beta of 0.83. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75.

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

Sysco Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on SYY. UBS Group set a $90.00 target price on shares of Sysco in a research note on Wednesday, July 30th. JPMorgan Chase & Co. increased their target price on shares of Sysco from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Barclays upped their price target on shares of Sysco from $77.00 to $82.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Finally, Guggenheim upped their price target on shares of Sysco from $85.00 to $87.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Sysco currently has an average rating of "Moderate Buy" and a consensus 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.

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