Sysco Corporation $SYY Shares Sold by Aurdan Capital Management LLC

Aurdan Capital Management LLC reduced its stake in shares of Sysco Corporation (NYSE:SYY) by 11.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,392 shares of the company’s stock after selling 5,722 shares during the quarter. Sysco comprises approximately 1.1% of Aurdan Capital Management LLC’s portfolio, making the stock its 22nd largest holding. Aurdan Capital Management LLC’s holdings in Sysco were worth $3,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chung Wu Investment Group LLC purchased a new position in Sysco during the 2nd quarter worth $30,000. N.E.W. Advisory Services LLC purchased a new position in Sysco during the 1st quarter worth $33,000. Cheviot Value Management LLC purchased a new position in Sysco during the 1st quarter worth $34,000. 1248 Management LLC purchased a new position in Sysco during the 1st quarter worth $35,000. Finally, Banque Transatlantique SA purchased a new position in Sysco during the 1st quarter worth $35,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SYY shares. UBS Group set a $90.00 price objective on shares of Sysco in a research report on Wednesday, July 30th. Guggenheim raised their price objective on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Sanford C. Bernstein started coverage on shares of Sysco in a research report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price objective on the stock. Truist Financial raised their price objective on shares of Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Finally, 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 report on Friday, July 18th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.31.

Insider Buying and Selling

In related news, EVP Ronald L. Phillips sold 961 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $81.00, for a total transaction of $77,841.00. Following the sale, the executive vice president owned 41,501 shares of the company’s stock, valued at approximately $3,361,581. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 14,732 shares of company stock worth $1,193,245 over the last quarter. 0.56% of the stock is currently owned by insiders.

Sysco Stock Down 0.5%

Shares of NYSE:SYY opened at $74.35 on Friday. The company has a market cap of $35.60 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.19 and a beta of 0.82. The firm’s 50-day simple moving average is $80.08 and its 200-day simple moving average is $77.04. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.03. The business had revenue of $21.15 billion for the quarter, compared to the consensus estimate of $21.03 billion. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities research analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 3rd were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 2.9%. Sysco’s payout ratio is currently 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.