Sysco Corporation $SYY Shares Sold by Terra Alpha Investments LLC

Terra Alpha Investments LLC trimmed its holdings in shares of Sysco Corporation (NYSE:SYY) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,625 shares of the company’s stock after selling 298 shares during the quarter. Sysco accounts for approximately 1.5% of Terra Alpha Investments LLC’s portfolio, making the stock its 27th biggest position. Terra Alpha Investments LLC’s holdings in Sysco were worth $1,486,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SYY. Advisor Resource Council acquired a new stake in shares of Sysco during the 1st quarter worth about $240,000. Cambridge Investment Research Advisors Inc. grew its position in Sysco by 9.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 75,327 shares of the company’s stock valued at $5,653,000 after acquiring an additional 6,417 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Sysco by 1.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 49,001 shares of the company’s stock valued at $3,677,000 after acquiring an additional 632 shares in the last quarter. Valmark Advisers Inc. acquired a new position in Sysco in the 1st quarter valued at about $221,000. Finally, Asset Management One Co. Ltd. grew its position in Sysco by 5.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 198,439 shares of the company’s stock valued at $14,891,000 after acquiring an additional 10,736 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on SYY. Morgan Stanley set a $88.00 target price on Sysco in a research report on Tuesday. Bank of America lifted their target price on Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Guggenheim lifted their target price on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, October 6th. UBS Group set a $90.00 target price on Sysco in a research report on Wednesday, July 30th. Finally, Sanford C. Bernstein set a $83.00 price objective on Sysco and gave the stock a “market perform” rating in a research report on Wednesday. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Insiders Place Their Bets

In related news, EVP Ronald L. Phillips sold 961 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total transaction of $77,841.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 14,732 shares of company stock worth $1,193,245 in the last three months. 0.56% of the stock is owned by insiders.

Sysco Stock Performance

Shares of Sysco stock opened at $79.14 on Wednesday. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47. The company has a market cap of $37.87 billion, a PE ratio of 21.22, a P/E/G ratio of 2.47 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. The business has a 50-day simple moving average of $80.70 and a 200-day simple moving average of $76.64.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. The business had revenue of $21.14 billion during the quarter, compared to the consensus estimate of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities research analysts forecast that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be paid a dividend of $0.54 per share. The ex-dividend date is Friday, October 3rd. This represents a $2.16 annualized dividend and a yield of 2.7%. Sysco’s payout ratio is presently 57.91%.

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.