Sysco Corporation $SYY Shares Sold by Richard Bernstein Advisors LLC

Key Points

• Richard Bernstein Advisors LLC cut its stake in Sysco by 51.2% during Q3, selling 18,446 shares and leaving 17,610 shares valued at about $1.45 million in its latest 13F filing.
• Analysts hold a consensus rating of "Moderate Buy" on Sysco with an average price target of $90.31, and several firms recently raised targets or reiterated buy/overweight opinions.
• Sysco beat quarterly EPS expectations ($0.99 vs. $0.98), reported 3% revenue growth year-over-year, set FY2026 guidance at 4.600 EPS, and announced a $0.54 quarterly dividend (about a 2.6% yield).

Richard Bernstein Advisors LLC lowered its stake in shares of Sysco Corporation (NYSE:SYY - Free Report) by 51.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,610 shares of the company's stock after selling 18,446 shares during the quarter. Richard Bernstein Advisors LLC's holdings in Sysco were worth $1,450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital Research Global Investors grew its position in shares of Sysco by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 18,360,707 shares of the company's stock valued at $1,511,821,000 after acquiring an additional 46,040 shares during the period. Bank of Montreal Can grew its stake in Sysco by 3.4% during the 3rd quarter. Bank of Montreal Can now owns 1,305,934 shares of the company's stock valued at $107,531,000 after acquiring an additional 43,404 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Sysco by 36.3% in the third quarter. Russell Investments Group Ltd. now owns 326,176 shares of the company's stock valued at $26,842,000 after purchasing an additional 86,938 shares during the last quarter. Inceptionr LLC boosted its position in shares of Sysco by 78.3% during the 3rd quarter. Inceptionr LLC now owns 19,560 shares of the company's stock valued at $1,611,000 after acquiring an additional 8,587 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Sysco by 3.6% in the 3rd quarter. Private Advisor Group LLC now owns 48,578 shares of the company's stock valued at $4,000,000 after purchasing an additional 1,674 shares during the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SYY shares. Truist Financial increased their target price on shares of Sysco from $90.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 price target on Sysco and gave the company a "market perform" rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. boosted their price objective on shares of Sysco from $85.00 to $87.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 28th. BMO Capital Markets reissued an "outperform" rating on shares of Sysco in a research report on Wednesday, January 28th. Finally, Guggenheim reiterated a "buy" rating on shares of Sysco in a research note on Thursday, March 5th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sysco has a consensus rating of "Moderate Buy" and an average price target of $90.31.

Sysco Stock Down 0.5%

Shares of Sysco stock opened at $84.30 on Wednesday. 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 Corporation has a twelve month low of $67.12 and a twelve month high of $91.85. The stock has a market cap of $40.37 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 2.63 and a beta of 0.58. The company has a fifty day moving average price of $82.75 and a 200 day moving average price of $79.40.

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

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, April 2nd. Sysco's payout ratio is presently 58.06%.

Insider Activity

In other news, EVP Ronald L. Phillips sold 5,601 shares of the company's stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the sale, the executive vice president owned 35,965 shares in the company, valued at approximately $2,913,165. This represents a 13.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sheila Talton sold 2,801 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the transaction, the director directly owned 12,868 shares in the company, valued at $1,067,915.32. The trade was a 17.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.56% of the company's stock.

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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