Royal London Asset Management Ltd. trimmed its position in shares of Sysco Corporation (NYSE:SYY – Free Report) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 337,877 shares of the company’s stock after selling 7,199 shares during the period. Royal London Asset Management Ltd. owned about 0.07% of Sysco worth $28,240,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Montag A & Associates Inc. raised its holdings in shares of Sysco by 1.4% in the 4th quarter. Montag A & Associates Inc. now owns 8,743 shares of the company’s stock valued at $644,000 after purchasing an additional 123 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in shares of Sysco by 1.2% during the fourth quarter. First Citizens Bank & Trust Co. now owns 11,224 shares of the company’s stock worth $827,000 after purchasing an additional 138 shares in the last quarter. Diversify Wealth Management LLC increased its holdings in shares of Sysco by 1.6% in the 4th quarter. Diversify Wealth Management LLC now owns 9,173 shares of the company’s stock valued at $698,000 after acquiring an additional 143 shares during the last quarter. Arax Advisory Partners increased its holdings in shares of Sysco by 2.4% in the 4th quarter. Arax Advisory Partners now owns 6,222 shares of the company’s stock valued at $458,000 after acquiring an additional 145 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of Sysco by 11.1% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 1,469 shares of the company’s stock worth $108,000 after acquiring an additional 147 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.
Insiders Place Their Bets
In other Sysco news, EVP Ronald L. Phillips sold 506 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $84.09, for a total transaction of $42,549.54. Following the transaction, the executive vice president directly owned 36,313 shares of the company’s stock, valued at approximately $3,053,560.17. This trade represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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. In the last ninety days, insiders have sold 14,508 shares of company stock worth $1,215,250. 0.56% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on Sysco
Sysco Trading Down 0.6%
SYY opened at $81.95 on Friday. The firm has a market cap of $39.26 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64. Sysco Corporation has a 52 week low of $68.19 and a 52 week high of $91.85. The business’s 50 day moving average is $83.05 and its two-hundred day moving average is $80.59. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 4.62.
Sysco (NYSE:SYY – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.02. The business had revenue of $22.12 billion during 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 period in the prior year, the company earned $1.48 earnings per share. 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 predict that Sysco Corporation will post 5.12 EPS for the current year.
Sysco Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 2nd will be paid a dividend of $0.55 per share. The ex-dividend date is Friday, October 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.7%. Sysco’s dividend payout ratio is currently 60.11%.
Sysco Company Profile
Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.
Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.
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