Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 3,385 Shares of Sysco Corporation $SYY

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lessened its holdings in shares of Sysco Corporation (NYSE:SYY) by 23.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,346 shares of the company’s stock after selling 3,385 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Sysco were worth $859,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Invesco Ltd. boosted its holdings in shares of Sysco by 1.0% during the 1st quarter. Invesco Ltd. now owns 17,070,502 shares of the company’s stock valued at $1,280,970,000 after buying an additional 162,961 shares in the last quarter. Boston Partners boosted its holdings in Sysco by 24.8% in the first quarter. Boston Partners now owns 15,199,828 shares of the company’s stock worth $1,139,798,000 after acquiring an additional 3,015,714 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings 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 worth $551,810,000 after acquiring an additional 146,573 shares in the last quarter. Northern Trust Corp boosted its holdings in Sysco by 2.6% in the first quarter. Northern Trust Corp now owns 5,828,930 shares of the company’s stock worth $437,403,000 after acquiring an additional 145,477 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings 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 worth $381,747,000 after acquiring an additional 391,614 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Analyst Upgrades and Downgrades

SYY has been the topic of several analyst reports. Barclays boosted their target price on Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. UBS Group set a $90.00 target price on Sysco in a report on Wednesday, July 30th. Weiss Ratings raised Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Citigroup boosted their target price on Sysco from $84.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Finally, Wells Fargo & Company set a $88.00 target price on Sysco and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Sysco Trading Down 1.2%

Shares of NYSE:SYY opened at $77.30 on Monday. The company has a market cap of $36.99 billion, a P/E ratio of 20.72, a PEG ratio of 2.39 and a beta of 0.82. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47. The stock’s fifty day moving average price is $80.53 and its 200-day moving average price is $76.88.

Sysco (NYSE:SYY) last announced 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. The firm had revenue of $21.14 billion for 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 company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.39 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Sell-side analysts expect that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 3rd were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, October 3rd. Sysco’s dividend payout ratio is 57.91%.

Insider Buying and Selling

In related news, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction 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 approximately $3,361,581. This represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 currently owned by corporate insiders.

Sysco 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.