Sysco Corporation $SYY Stock Holdings Lowered by Meyer Handelman Co.

Meyer Handelman Co. cut its holdings in shares of Sysco Corporation (NYSE:SYY) by 4.4% in the 4th quarter, Holdings Channel reports. The firm owned 446,629 shares of the company’s stock after selling 20,717 shares during the period. Meyer Handelman Co.’s holdings in Sysco were worth $32,912,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SYY. Jackson Grant Investment Advisers Inc. bought a new position in shares of Sysco in the third quarter valued at $25,000. Harbor Capital Advisors Inc. boosted its stake in shares of Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares in the last quarter. Peterson Wealth Services boosted its stake in shares of Sysco by 875.7% during the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after acquiring an additional 324 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Sysco in the 2nd quarter worth $31,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Sysco during the third quarter worth $34,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on SYY. Truist Financial upped their target price on Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Morgan Stanley cut their price objective on Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. UBS Group upped their price objective on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Wells Fargo & Company raised their target price on shares of Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Finally, Guggenheim restated a “buy” rating on shares of Sysco in a report on Thursday, March 5th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.08.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 5,601 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the sale, the executive vice president directly owned 35,965 shares in the company, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the business’s 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 transaction, the director directly owned 12,868 shares in the company, valued at $1,067,915.32. The trade was a 17.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.56% of the company’s stock.

Sysco Stock Performance

Shares of Sysco stock opened at $71.28 on Wednesday. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $91.85. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. The stock has a market cap of $34.14 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 2.15 and a beta of 0.58. The business has a fifty day simple moving average of $84.63 and a 200-day simple moving average of $79.47.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The firm had revenue of $20.76 billion during the quarter, compared to the consensus estimate of $20.80 billion. During the same period in the prior year, the business earned $0.93 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, sell-side analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Thursday, April 2nd will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 2nd. Sysco’s dividend payout ratio is 58.06%.

Key Sysco News

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Deal expands Sysco into cash?and?carry and is forecast by some analysts to be EPS?accretive with synergies and stronger free cash flow over time. SYY’s Jetro Deal Opens a New Growth Path in Cash & Carry
• Positive Sentiment: Company positioned to buy real estate/warehouse scale it couldn’t build quickly — operational leverage and faster network expansion could improve margins long term. Sysco is Buying the Warehouse It Could Never Build
• Neutral Sentiment: Deal mechanics: ~$29.1B enterprise value (?$21.6B cash + 91.5M Sysco shares), expected close by mid?to?late 2027, and subject to regulatory approval — factual items that set the timeline and execution risk. Sysco to Acquire Jetro Restaurant Depot
• Neutral Sentiment: Analyst landscape is mixed: Wall?street support for strategic rationale exists (multiple buy/overweight ratings earlier), but some firms are revising models while others flag the long time horizon to prove the thesis. Sysco Receives Consensus Rating
• Negative Sentiment: Citi and other shops cut targets and flagged the large incremental debt and near?term leverage; Citi lowered its target to $72 and kept a Neutral rating — pressure on credit metrics and a pause to buybacks are key investor concerns. Sysco Receives a Downgrade From Citi Due to Debt Load
• Negative Sentiment: Market reaction: shares sold off on worries about heavy debt financing, potential dilution, integration/regulatory risk and the company pausing buybacks to de?lever — short?term downside risk until execution/credit path is clearer. Sysco shares slide as investors digest leverage and dilution

Sysco 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.