Envestnet Asset Management Inc. Sells 89,233 Shares of Sysco Corporation $SYY

Envestnet Asset Management Inc. reduced its position in Sysco Corporation (NYSE:SYY) by 5.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,428,011 shares of the company’s stock after selling 89,233 shares during the period. Envestnet Asset Management Inc. owned about 0.30% of Sysco worth $117,582,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SYY. Harbor Capital Advisors Inc. increased its holdings in shares of Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares during the last quarter. Peterson Wealth Services boosted its position in Sysco by 875.7% during the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after purchasing an additional 324 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of Sysco in the second quarter valued at $31,000. Vermillion & White Wealth Management Group LLC increased its holdings 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 valued at $32,000 after purchasing an additional 204 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Sysco by 234.3% in the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $35,000 after purchasing an additional 321 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Up 2.2%

NYSE SYY opened at $86.52 on Friday. The company has a market cap of $41.44 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 2.63 and a beta of 0.61. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $86.72. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. The company has a 50 day moving average of $76.50 and a 200-day moving average of $78.14.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $20.76 billion for the quarter, compared to analyst estimates of $20.80 billion. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, equities research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 2nd were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.16 annualized dividend and a yield of 2.5%. Sysco’s dividend payout ratio is currently 58.06%.

Insider Transactions at Sysco

In related news, Director Sheila Talton sold 2,801 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the sale, the director owned 12,868 shares in the company, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This represents a 13.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on SYY shares. Citigroup lifted their target price on shares of Sysco from $81.00 to $88.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. raised their price objective on shares of Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco in a research report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a report on Monday, December 29th. Finally, Piper Sandler boosted their price target on Sysco from $80.00 to $83.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.