Sysco Corporation $SYY Shares Sold by Pitcairn Co.

Key Points

• Pitcairn Co. reduced its stake in Sysco by 45.1%, selling 12,656 shares and leaving it with 15,426 shares valued at about $1.27 million per its SEC filing.
• Sysco beat quarterly EPS estimates with $0.99 vs. consensus $0.98, reported revenue of $20.76B (slightly below estimates), set FY2026 guidance at 4.60 EPS, and announced a quarterly dividend of $0.54 (annualized yield ~2.5%).
• Insiders (including a director and an EVP) recently sold shares while institutional investors hold 83.41% of the stock, and analysts have lifted targets (Wells Fargo to $100) leaving an average price target of $90.31 with a "Moderate Buy" consensus.

Pitcairn Co. decreased its holdings in shares of Sysco Corporation (NYSE:SYY - Free Report) by 45.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,426 shares of the company's stock after selling 12,656 shares during the period. Pitcairn Co.'s holdings in Sysco were worth $1,270,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Islay Capital Management LLC acquired a new position in Sysco during the 3rd quarter valued at about $566,000. Orion Porfolio Solutions LLC boosted its position in shares of Sysco by 5.9% in the third quarter. Orion Porfolio Solutions LLC now owns 66,053 shares of the company's stock worth $5,439,000 after buying an additional 3,707 shares during the period. Advisory Alpha LLC grew its stake in Sysco by 12.2% during the 3rd quarter. Advisory Alpha LLC now owns 5,246 shares of the company's stock valued at $437,000 after acquiring an additional 572 shares in the last quarter. Level Four Advisory Services LLC grew its position in Sysco by 17.5% during the third quarter. Level Four Advisory Services LLC now owns 7,199 shares of the company's stock valued at $593,000 after purchasing an additional 1,071 shares in the last quarter. Finally, Peninsula Asset Management Inc. increased its stake in shares of Sysco by 0.6% in the third quarter. Peninsula Asset Management Inc. now owns 38,260 shares of the company's stock worth $3,150,000 after acquiring an additional 245 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Trading Down 0.6%

Shares of NYSE SYY opened at $85.30 on Friday. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $91.85. The company has a 50-day moving average of $82.35 and a two-hundred day moving average of $79.35. The company has a market cap of $40.85 billion, a PE ratio of 22.93, a P/E/G ratio of 2.67 and a beta of 0.58. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45.

Sysco (NYSE:SYY - Get Free Report) last released its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The company had revenue of $20.76 billion during the quarter, compared to the consensus estimate of $20.80 billion. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, equities analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be given a $0.54 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $2.16 annualized dividend and a dividend yield of 2.5%. Sysco's payout ratio is currently 58.06%.

Insider Buying and Selling at Sysco

In other news, Director Sheila Talton sold 2,801 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the transaction, the director directly owned 12,868 shares of the company's stock, valued at $1,067,915.32. This trade represents a 17.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ronald L. Phillips sold 5,601 shares of Sysco stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total value of $453,681.00. Following the transaction, the executive vice president owned 35,965 shares of the company's stock, valued at $2,913,165. The trade was a 13.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

SYY has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on Sysco from $92.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, February 19th. BMO Capital Markets restated an "outperform" rating on shares of Sysco in a report on Wednesday, January 28th. Jefferies Financial Group upped their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Barclays raised their target price on Sysco from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, January 28th. Finally, Citigroup boosted their price target on Sysco from $81.00 to $88.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 28th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $90.31.

Sysco 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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