Thrivent Financial for Lutherans Sells 28,450 Shares of Sysco Corporation $SYY

Thrivent Financial for Lutherans lessened its position in shares of Sysco Corporation (NYSE:SYY) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,769,191 shares of the company’s stock after selling 28,450 shares during the period. Thrivent Financial for Lutherans owned about 0.37% of Sysco worth $145,675,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. raised its position in Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after buying an additional 135 shares during the last quarter. Chung Wu Investment Group LLC bought a new position in shares of Sysco during the 2nd quarter worth approximately $30,000. Darwin Wealth Management LLC acquired a new stake in shares of Sysco in the second quarter valued at approximately $31,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of Sysco by 94.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after purchasing an additional 204 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Sysco by 234.3% during the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $35,000 after purchasing an additional 321 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sysco

In other news, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total transaction of $453,681.00. Following the transaction, the executive vice president owned 35,965 shares in the company, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.56% of the company’s stock.

Sysco Trading Down 0.3%

SYY stock opened at $83.85 on Friday. Sysco Corporation has a one year low of $67.12 and a one year high of $85.33. The stock has a market cap of $40.16 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 2.67 and a beta of 0.61. The company has a fifty day moving average price of $75.61 and a two-hundred day moving average price of $77.91. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.65.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The company 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%. Sysco’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Equities analysts anticipate that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on SYY shares. Barclays boosted their price target on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday. Sanford C. Bernstein set a $90.00 price target on Sysco and gave the stock a “market perform” rating in a research report on Wednesday. Truist Financial increased their price objective on Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday. Finally, BMO Capital Markets restated an “outperform” rating on shares of Sysco in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.38.

Sysco 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.