Amundi Trims Stock Holdings in Sysco Corporation $SYY

Amundi lowered its position in shares of Sysco Corporation (NYSE:SYY) by 30.8% in the second quarter, HoldingsChannel.com reports. The fund owned 2,579,060 shares of the company’s stock after selling 1,146,448 shares during the quarter. Amundi’s holdings in Sysco were worth $200,341,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of SYY. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sysco by 2.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,104,238 shares of the company’s stock worth $232,942,000 after purchasing an additional 65,584 shares during the period. Chicago Partners Investment Group LLC raised its position in Sysco by 1.6% during the 1st quarter. Chicago Partners Investment Group LLC now owns 8,898 shares of the company’s stock worth $627,000 after buying an additional 143 shares during the last quarter. Deutsche Bank AG lifted its stake in Sysco by 20.4% during the 1st quarter. Deutsche Bank AG now owns 1,695,885 shares of the company’s stock valued at $127,259,000 after acquiring an additional 286,788 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Sysco by 10.5% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 947,632 shares of the company’s stock valued at $71,110,000 after acquiring an additional 89,885 shares during the last quarter. Finally, AlphaCore Capital LLC acquired a new stake in shares of Sysco in the first quarter worth $462,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sysco

In other news, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $81.00, for a total value of $77,841.00. Following the sale, the executive vice president owned 41,501 shares in the company, valued at $3,361,581. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is currently owned by insiders.

Sysco Stock Performance

Shares of SYY stock opened at $73.11 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.65 and a debt-to-equity ratio of 5.54. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47. The business’s 50 day moving average is $76.93 and its two-hundred day moving average is $77.62. The company has a market capitalization of $35.01 billion, a P/E ratio of 19.60, a P/E/G ratio of 2.40 and a beta of 0.61.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.03. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The business had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 billion. During the same period in the prior year, the company posted $1.09 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Analysts expect that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be given a dividend of $0.54 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 3.0%. Sysco’s dividend payout ratio is currently 57.91%.

Analyst Upgrades and Downgrades

SYY has been the subject of a number of research reports. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Guggenheim boosted their price objective on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a report on Monday, October 6th. Citigroup lowered their target price on Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Sysco in a research report on Monday, December 1st. Finally, Morgan Stanley set a $88.00 price target on Sysco in a report on Tuesday, October 21st. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

About Sysco

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.