IFM Investors Pty Ltd Sells 6,482 Shares of Sysco Corporation $SYY

IFM Investors Pty Ltd trimmed its position in Sysco Corporation (NYSE:SYY) by 8.0% during the first quarter, Holdings Channel reports. The firm owned 74,455 shares of the company’s stock after selling 6,482 shares during the quarter. IFM Investors Pty Ltd’s holdings in Sysco were worth $5,311,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SYY. Lloyd Advisory Services LLC. acquired a new position in Sysco during the fourth quarter worth approximately $25,000. Motiv8 Investments LLC acquired a new stake in shares of Sysco in the fourth quarter valued at approximately $25,000. Torren Management LLC acquired a new stake in shares of Sysco in the fourth quarter valued at approximately $27,000. Bard Associates Inc. bought a new position in shares of Sysco during the 4th quarter worth approximately $27,000. Finally, Elyxium Wealth LLC bought a new position in shares of Sysco during the 4th quarter worth approximately $28,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Sysco news, Director John M. Hinshaw purchased 13,304 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the purchase, the director 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut Sysco from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a research note on Tuesday, April 28th. Piper Sandler reduced their price objective on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Guggenheim decreased their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. UBS Group dropped their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Finally, Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.15.

Sysco Price Performance

Shares of NYSE SYY opened at $84.71 on Friday. The firm has a market cap of $40.50 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 3.21 and a beta of 0.64. The business’s 50 day moving average is $76.88 and its 200-day moving average is $78.88. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85.

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

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This is a boost from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.6%. Sysco’s dividend payout ratio (DPR) is presently 60.94%.

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.