US Bancorp DE Sells 8,010 Shares of Sysco Corporation $SYY

US Bancorp DE lessened its position in Sysco Corporation (NYSE:SYY) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 238,205 shares of the company’s stock after selling 8,010 shares during the quarter. US Bancorp DE’s holdings in Sysco were worth $17,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. bought a new position in Sysco in the third quarter valued at $25,000. Torren Management LLC bought a new position in Sysco in the fourth quarter valued at $27,000. Peterson Wealth Services increased its stake in Sysco by 875.7% in the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after acquiring an additional 324 shares during the last quarter. Marquette Asset Management LLC increased its stake in Sysco by 367.4% in the fourth quarter. Marquette Asset Management LLC now owns 402 shares of the company’s stock valued at $30,000 after acquiring an additional 316 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of Sysco during the second quarter valued at about $31,000. Institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling

In other news, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the transaction, the director directly owned 12,868 shares in the company, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Argus raised Sysco to a “hold” rating in a research note on Thursday, January 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. Truist Financial raised their target price on Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Citigroup raised their target price on Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Sysco in a research note on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $88.15.

Sysco Stock Performance

Shares of SYY opened at $74.08 on Friday. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.75. Sysco Corporation has a one year low of $68.19 and a one year high of $91.85. The company has a 50-day simple moving average of $79.95 and a two-hundred day simple moving average of $78.41. The firm has a market capitalization of $35.42 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 3.62 and a beta of 0.66.

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

Sysco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.0%. This is a boost from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. Sysco’s dividend payout ratio (DPR) is 59.83%.

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.