Boston Trust Walden Corp Sells 37,226 Shares of Sysco Corporation $SYY

Boston Trust Walden Corp cut its holdings in Sysco Corporation (NYSE:SYYFree Report) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 880,947 shares of the company’s stock after selling 37,226 shares during the quarter. Boston Trust Walden Corp’s holdings in Sysco were worth $62,838,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mitchell & Pahl Private Wealth LLC lifted its position in Sysco by 4.8% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 26,050 shares of the company’s stock valued at $1,858,000 after acquiring an additional 1,195 shares during the period. Root Financial Partners LLC increased its stake in shares of Sysco by 51.6% during the first quarter. Root Financial Partners LLC now owns 1,433 shares of the company’s stock valued at $102,000 after purchasing an additional 488 shares in the last quarter. Twin City Private Wealth LLC lifted its holdings in shares of Sysco by 19.6% during the first quarter. Twin City Private Wealth LLC now owns 18,075 shares of the company’s stock valued at $1,289,000 after purchasing an additional 2,968 shares during the last quarter. Fulton Bank N.A. lifted its holdings in shares of Sysco by 2.5% during the first quarter. Fulton Bank N.A. now owns 9,957 shares of the company’s stock valued at $710,000 after purchasing an additional 240 shares during the last quarter. Finally, USS Investment Management Ltd boosted its position in shares of Sysco by 3.9% in the 1st quarter. USS Investment Management Ltd now owns 95,417 shares of the company’s stock worth $6,806,000 after purchasing an additional 3,613 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SYY shares. Deutsche Bank Aktiengesellschaft lowered Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a research report on Tuesday, April 28th. Sanford C. Bernstein dropped their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a report on Wednesday, April 29th. Guggenheim cut their target price on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Barclays reduced their price target on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Finally, Citigroup increased their price objective on shares of Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.15.

Read Our Latest Stock Report on SYY

Insider Activity

In other news, Director John M. Hinshaw acquired 13,304 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the acquisition, the director directly owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. The trade was a 49.46% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by company insiders.

Sysco Stock Performance

Shares of NYSE SYY opened at $84.71 on Friday. The firm’s 50-day moving average price is $76.69 and its 200-day moving average price is $78.84. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85. The company has a market cap of $40.50 billion, a PE ratio of 23.46, a PEG ratio of 3.16 and a beta of 0.64. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58.

Sysco (NYSE:SYYGet Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). The company had revenue of $20.52 billion for the quarter, compared to analysts’ expectations of $20.56 billion. Sysco had a net margin of 2.08% and a return on equity of 103.57%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, analysts anticipate that Sysco Corporation will post 4.59 EPS for the current year.

Sysco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be paid a $0.55 dividend. This is an increase from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.6%. Sysco’s dividend payout ratio (DPR) is 59.83%.

Sysco Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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