9,809 Sysco Corporation $SYY Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its stake in shares of Sysco Corporation (NYSE:SYY) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 181,223 shares of the company’s stock after selling 9,809 shares during the period. D.A. Davidson & CO.’s holdings in Sysco were worth $14,128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in SYY. United Capital Financial Advisors LLC acquired a new stake in Sysco in the second quarter valued at approximately $2,633,000. Rakuten Investment Management Inc. bought a new stake in shares of Sysco during the second quarter valued at approximately $6,523,000. Empowered Funds LLC bought a new stake in shares of Sysco during the second quarter valued at approximately $9,370,000. Bank of America Corp DE acquired a new position in shares of Sysco during the second quarter worth approximately $482,589,000. Finally, First Nebraska Trust Co acquired a new position in shares of Sysco during the second quarter worth approximately $183,604,000. Institutional investors own 83.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SYY shares. Weiss Ratings upgraded Sysco from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 15th. JPMorgan Chase & Co. decreased their price target on shares of Sysco from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, September 29th. Guggenheim restated a “buy” rating and set a $90.00 price target on shares of Sysco in a research note on Wednesday, September 16th. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Finally, UBS Group raised 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, August 5th. Nine investment 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.42.

Sysco Price Performance

SYY stock opened at $82.48 on Friday. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28. The business has a 50-day simple moving average of $80.54 and a two-hundred day simple moving average of $80.47. The company has a market capitalization of $40.57 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The company had revenue of $22.12 billion for the quarter, compared to analyst estimates of $21.95 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $1.48 earnings per share. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. Research analysts expect that Sysco Corporation will post 5.09 EPS for the current fiscal year.

Sysco Announces Dividend

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

Insider Buying and Selling

In other Sysco news, EVP Ronald Phillips sold 960 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $83.00, for a total transaction of $79,680.00. Following the transaction, the executive vice president directly owned 49,852 shares in the company, valued at approximately $4,137,716. This trade represents a 1.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Over the last ninety days, insiders sold 15,525 shares of company stock valued at $1,299,736. Corporate insiders own 0.55% of the company’s stock.

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.