Yousif Capital Management LLC Sells 4,691 Shares of Sysco Corporation $SYY

Key Points

• Yousif Capital Management LLC reduced its stake in Sysco Corporation by 2.7%, selling 4,691 shares, and now holds a total of 166,033 shares valued at approximately $12.57 million.
• Sysco's latest quarterly earnings report revealed an EPS of $1.48, surpassing analyst expectations, with a revenue of $21.14 billion, up 2.8% from the previous year.
• The company declared a quarterly dividend of $0.54 per share, set to be paid on October 24th, representing an annualized yield of 2.8% and a payout ratio of 57.91%.

Yousif Capital Management LLC lessened its stake in Sysco Corporation (NYSE:SYY - Free Report) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 166,033 shares of the company's stock after selling 4,691 shares during the quarter. Yousif Capital Management LLC's holdings in Sysco were worth $12,575,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SYY. Invesco Ltd. grew its stake in Sysco by 1.0% in the first quarter. Invesco Ltd. now owns 17,070,502 shares of the company's stock valued at $1,280,970,000 after acquiring an additional 162,961 shares during the period. Boston Partners grew its stake in Sysco by 24.8% in the first quarter. Boston Partners now owns 15,199,828 shares of the company's stock valued at $1,139,798,000 after acquiring an additional 3,015,714 shares during the period. Diamond Hill Capital Management Inc. grew its stake in Sysco by 2.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 7,353,551 shares of the company's stock valued at $551,810,000 after acquiring an additional 146,573 shares during the period. Northern Trust Corp grew its stake in Sysco by 2.6% in the first quarter. Northern Trust Corp now owns 5,828,930 shares of the company's stock valued at $437,403,000 after acquiring an additional 145,477 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Sysco by 8.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,087,250 shares of the company's stock valued at $381,747,000 after acquiring an additional 391,614 shares during the period. Institutional investors own 83.41% of the company's stock.

Sysco Stock Down 0.3%

SYY stock opened at $78.21 on Tuesday. The business has a 50-day moving average of $80.79 and a 200-day moving average of $76.44. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. The stock has a market capitalization of $37.42 billion, a P/E ratio of 20.97, a P/E/G ratio of 2.43 and a beta of 0.82.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.39 by $0.09. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The firm had revenue of $21.14 billion during the quarter, compared to analysts' expectations of $21.01 billion. During the same period in the prior year, the firm posted $1.39 earnings per share. The business's quarterly revenue was up 2.8% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, sell-side 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 given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 annualized dividend and a yield of 2.8%. Sysco's dividend payout ratio is 57.91%.

Analyst Ratings Changes

SYY has been the subject of a number of research analyst reports. Wells Fargo & Company set a $88.00 target price on Sysco and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Barclays boosted their target price on Sysco from $77.00 to $82.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Truist Financial boosted their target price on Sysco from $81.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Morgan Stanley upped their price objective on Sysco from $72.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Finally, Weiss Ratings cut Sysco from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $85.85.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 37,606 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the completion of the transaction, the executive vice president directly owned 30,235 shares of the company's stock, valued at approximately $2,449,035. This represents a 55.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the transaction, the executive vice president directly owned 56,304 shares of the company's stock, valued at $4,504,320. This trade represents a 41.54% decrease in their ownership of the stock. 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 three months. Insiders own 0.56% of the company's stock.

About Sysco

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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