Sysco Corporation $SYY Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Sysco Corporation by 29.2%, ending the quarter with 46,705 shares valued at approximately $3.54 million.
• Sysco's recent earnings report showed an EPS of $1.48, surpassing expectations and marking a 2.8% increase in revenue compared to the previous year.
• The company has announced a quarterly dividend of $0.54 per share, which equates to an annualized yield of 2.7%, with the payment scheduled for October 24th.

Robeco Institutional Asset Management B.V. lessened its holdings in Sysco Corporation (NYSE:SYY - Free Report) by 29.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,705 shares of the company's stock after selling 19,294 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Sysco were worth $3,537,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Boston Partners lifted its holdings in shares of Sysco by 24.8% during the first quarter. Boston Partners now owns 15,199,828 shares of the company's stock worth $1,139,798,000 after purchasing an additional 3,015,714 shares during the period. Canoe Financial LP lifted its holdings in shares of Sysco by 29,610.4% during the first quarter. Canoe Financial LP now owns 1,431,149 shares of the company's stock worth $107,393,000 after purchasing an additional 1,426,332 shares during the period. Nuveen LLC acquired a new stake in shares of Sysco during the first quarter worth about $85,341,000. Amundi lifted its holdings in shares of Sysco by 36.5% during the first quarter. Amundi now owns 3,725,508 shares of the company's stock worth $280,941,000 after purchasing an additional 995,498 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in shares of Sysco by 1,940.1% during the first quarter. Mackenzie Financial Corp now owns 1,016,660 shares of the company's stock worth $76,290,000 after purchasing an additional 966,826 shares during the period. Institutional investors and hedge funds own 83.41% of the company's stock.

Sysco Price Performance

Sysco stock opened at $80.86 on Tuesday. The company's fifty day moving average price is $80.87 and its 200 day moving average price is $76.22. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47. The stock has a market capitalization of $38.69 billion, a P/E ratio of 21.68, a P/E/G ratio of 2.54 and a beta of 0.82. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $21.01 billion. During the same quarter last year, the company earned $1.39 EPS. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities research analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

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

Analyst Upgrades and Downgrades

SYY has been the subject of a number of research reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Sysco in a report on Saturday, September 27th. Wells Fargo & Company set a $88.00 price objective on shares of Sysco and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Bank of America raised their price objective on shares of Sysco from $81.00 to $93.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Barclays raised their price objective on shares of Sysco from $77.00 to $82.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, UBS Group set a $90.00 price objective on shares of Sysco in a research note on Wednesday, July 30th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $85.85.

Insider Activity at Sysco

In related news, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ronald L. Phillips sold 961 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total value of $77,841.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 92,338 shares of company stock valued at $7,439,331 over the last quarter. 0.54% of the stock is owned by company insiders.

Sysco Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.