Engineers Gate Manager LP Sells 300,721 Shares of Sysco Corporation $SYY

Posted by Geri Gentry on Sep 10th, 2026

Engineers Gate Manager LP decreased its position in shares of Sysco Corporation (NYSE:SYY – Free Report) by 53.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 261,191 shares of the company’s stock after selling 300,721 shares during the period. Engineers Gate Manager LP’s holdings in Sysco were worth $21,830,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Lloyd Advisory Services LLC. bought a new stake in Sysco during the fourth quarter worth $25,000. Motiv8 Investments LLC acquired a new stake in shares of Sysco in the 4th quarter valued at $25,000. Sunbelt Securities Inc. increased its stake in shares of Sysco by 87.6% in the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock valued at $26,000 after purchasing an additional 170 shares during the last quarter. Bard Associates Inc. bought a new position in shares of Sysco in the 4th quarter valued at $27,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Sysco during the 4th quarter worth $28,000. 83.41% of the stock is owned by institutional investors.

Sysco Stock Up 2.3%

Shares of NYSE:SYY opened at $81.68 on Thursday. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85. The company has a market capitalization of $39.13 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.72 and a beta of 0.63. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28. The company has a fifty day moving average of $82.96 and a 200-day moving average of $80.07.

Sysco (NYSE:SYY – Get Free Report) last released 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 company had revenue of $22.12 billion for 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%.Sysco’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $1.48 EPS. 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, equities analysts predict that Sysco Corporation will post 5.12 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 2nd. Sysco’s dividend payout ratio (DPR) is presently 60.11%.

Insider Buying and Selling at Sysco

In other news, EVP Ronald Phillips sold 506 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $84.09, for a total value of $42,549.54. Following the completion of the transaction, the executive vice president owned 36,313 shares of the company’s stock, valued at $3,053,560.17. This represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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. Insiders sold 14,508 shares of company stock worth $1,215,250 in the last quarter. Insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings upgraded Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 19th. Melius Research cut Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Morgan Stanley boosted their target price on Sysco from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Piper Sandler raised their price target on shares of Sysco from $77.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $89.50.

Get Our Latest Stock Report on SYY

Sysco Company Profile

(Free Report)

Sysco Corporation (NYSE:SYY) is a global foodservice distributor that supplies restaurants, health care and educational institutions, hospitality businesses, government facilities, and other customers. Its product portfolio includes fresh and frozen foods, meat and seafood, dairy products, produce, pantry staples, beverages, and specialty items, along with nonfood products such as kitchen equipment, cleaning supplies, and disposable serving products.

In addition to distribution, Sysco provides services designed to support foodservice operators, including menu planning, culinary consulting, merchandising assistance, supply-chain solutions, and business-management resources.