Sysco Corporation $SYY Stock Sold by Mondrian Investment Partners LTD

Key Points

• Mondrian Investment Partners cut its Sysco stake by 54.4% in the third quarter, selling 490,827 shares and retaining 412,184 shares valued at approximately $32.1 million. Institutional investors collectively own 83.41% of Sysco.
• Sysco reported quarterly EPS of $1.53, exceeding estimates by $0.02, while revenue rose 4.7% year over year to $22.12 billion. The company also declared a quarterly dividend of $0.55 per share, representing a 2.7% yield.
• Analyst sentiment remains generally positive, with nine Buy, six Hold, and one Sell rating; the stock has a “Moderate Buy” consensus and an average price target of $90.42 versus its reported price of $81.38.

Mondrian Investment Partners LTD cut its stake in shares of Sysco Corporation (NYSE:SYY - Free Report) by 54.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 412,184 shares of the company's stock after selling 490,827 shares during the period. Mondrian Investment Partners LTD owned about 0.08% of Sysco worth $32,134,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. N.E.W. Advisory Services LLC purchased a new position in shares of Sysco during the 2nd quarter valued at about $29,000. Sunbelt Securities Inc. increased its holdings in Sysco by 87.6% in the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company's stock worth $26,000 after acquiring an additional 170 shares in the last quarter. Markowski Investments purchased a new stake in Sysco in the 2nd quarter worth approximately $31,000. Parvin Asset Management LLC bought a new stake in Sysco during the 2nd quarter worth approximately $32,000. Finally, Tacita Capital Inc bought a new stake in Sysco during the 2nd quarter worth approximately $35,000. Institutional investors own 83.41% of the company's stock.

Insiders Place Their Bets

In related news, EVP Ronald Phillips sold 960 shares of the company's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $83.00, for a total transaction of $79,680.00. Following the sale, the executive vice president owned 49,852 shares of the company's stock, valued at $4,137,716. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 15,525 shares of company stock valued at $1,299,736 in the last quarter. Insiders own 0.55% of the company's stock.

Sysco Price Performance

Shares of Sysco stock opened at $81.38 on Friday. The firm has a market cap of $40.04 billion, a PE ratio of 22.24, a PEG ratio of 2.79 and a beta of 0.64. The stock has a 50 day moving average of $80.49 and a 200 day moving average of $79.29. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 4.62. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.02. The business had revenue of $22.12 billion for the quarter, compared to the consensus estimate of $21.95 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%. The company's revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 EPS. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. On average, research analysts expect that Sysco Corporation will post 5.09 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 2nd were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, October 2nd. Sysco's payout ratio is currently 60.11%.

Analyst Ratings Changes

SYY has been the topic of several analyst reports. Melius Research downgraded shares of Sysco from a "hold" rating to a "sell" rating in a report on Tuesday, July 7th. Citigroup increased their price target on Sysco from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. UBS Group raised their price target on Sysco from $90.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. lowered their price objective on Sysco from $100.00 to $95.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 29th. Finally, Wall Street Zen lowered Sysco from a "buy" rating to a "hold" rating in a research note on Saturday. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $90.42.

Sysco Profile

Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.

The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.

Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.

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