Insider Selling: Sysco (NYSE:SYY) EVP Sells $453,681.00 in Stock

Sysco Corporation (NYSE:SYY) EVP Ronald Phillips sold 5,601 shares of Sysco stock in a transaction 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 owned 35,965 shares in the company, valued at $2,913,165. The trade was a 13.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Sysco Stock Performance

Shares of NYSE SYY opened at $83.85 on Friday. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $85.33. The stock has a market capitalization of $40.16 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 2.67 and a beta of 0.61. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.65 and a current ratio of 1.30. The stock has a 50 day moving average price of $75.61 and a 200 day moving average price of $77.91.

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

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd were paid a dividend of $0.54 per share. The ex-dividend date was Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.6%. Sysco’s dividend payout ratio (DPR) is 58.06%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Laurel Wealth Advisors LLC purchased a new position in shares of Sysco during the fourth quarter valued at approximately $147,000. 5th Street Advisors LLC bought a new stake in shares of Sysco in the 4th quarter worth approximately $295,000. W.G. Shaheen & Associates DBA Whitney & Co raised its stake in shares of Sysco by 334.9% in the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,571 shares of the company’s stock valued at $1,811,000 after buying an additional 18,921 shares during the period. DMKC Advisory Services LLC raised its stake in Sysco by 14.7% in the 4th quarter. DMKC Advisory Services LLC now owns 41,101 shares of the company’s stock valued at $3,029,000 after acquiring an additional 5,256 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Sysco in the fourth quarter valued at approximately $94,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Barclays upped their price objective on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday. Sanford C. Bernstein set a $90.00 price objective on shares of Sysco and gave the stock a “market perform” rating in a research note on Wednesday. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus price target of $89.38.

About Sysco

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.