Sysco Corporation $SYY Stock Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD cut its stake in shares of Sysco Corporation (NYSE:SYY) by 54.4% during the third quarter, HoldingsChannel reports. The firm owned 412,184 shares of the company’s stock after selling 490,827 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Sysco were worth $32,134,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SYY. Capital Investment Advisors LLC boosted its holdings in shares of Sysco by 1.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 9,727 shares of the company’s stock worth $758,000 after purchasing an additional 133 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Sysco by 7.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,241 shares of the company’s stock valued at $187,000 after purchasing an additional 147 shares during the last quarter. Plimoth Trust Co. LLC raised its holdings in Sysco by 4.2% during the 1st quarter. Plimoth Trust Co. LLC now owns 3,744 shares of the company’s stock valued at $267,000 after buying an additional 150 shares during the period. Pinnacle Associates Ltd. raised its holdings in Sysco by 2.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 7,399 shares of the company’s stock valued at $577,000 after buying an additional 150 shares during the period. Finally, Taylor Frigon Capital Management LLC raised its holdings in Sysco by 0.7% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 20,679 shares of the company’s stock valued at $1,612,000 after buying an additional 151 shares during the period. 83.41% of the stock is owned by institutional investors.

Insider Transactions at Sysco

In related news, EVP Ronald Phillips sold 7,350 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $83.61, for a total transaction of $614,533.50. Following the completion of the transaction, the executive vice president owned 38,650 shares in the company, valued at $3,231,526.50. The trade was a 15.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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. In the last three months, insiders sold 15,525 shares of company stock worth $1,299,736. 0.55% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Melius Research downgraded Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Citigroup boosted their price objective on shares of Sysco from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. UBS Group increased their target price on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Guggenheim reissued a “buy” rating and issued a $90.00 target price on shares of Sysco in a research note on Wednesday, September 16th. Finally, Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus target price of $90.42.

Sysco Stock Down 3.1%

Shares of NYSE:SYY opened at $81.38 on Friday. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. The business has a 50 day simple moving average of $80.49 and a two-hundred day simple moving average of $79.29. The firm has a market capitalization of $40.04 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.28 and a quick ratio of 0.77.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. Sysco had a return on equity of 95.05% and a net margin of 2.08%. The firm had revenue of $22.12 billion for the quarter, compared to analysts’ expectations of $21.95 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. 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 5.09 EPS for the current year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 2nd were issued a dividend of $0.55 per share. The ex-dividend date was Friday, October 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.7%. Sysco’s payout ratio is presently 60.11%.

Sysco Company Profile

Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.

The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.

Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.