ProShare Advisors LLC Trims Position in Sysco Corporation $SYY

ProShare Advisors LLC trimmed its position in Sysco Corporation (NYSE:SYY) by 3.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,178,229 shares of the company’s stock after selling 76,788 shares during the period. ProShare Advisors LLC’s holdings in Sysco were worth $179,355,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SYY. Harbor Capital Advisors Inc. boosted its holdings in shares of Sysco by 75.0% in the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after buying an additional 135 shares during the last quarter. Peterson Wealth Services raised its position in Sysco by 875.7% in the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after acquiring an additional 324 shares during the period. Darwin Wealth Management LLC purchased a new position in shares of Sysco during the 2nd quarter worth $31,000. Vermillion & White Wealth Management Group LLC grew its position in shares of Sysco by 94.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after acquiring an additional 204 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in Sysco by 234.3% in the 2nd 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 period. 83.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on SYY shares. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. JPMorgan Chase & Co. boosted their price objective on Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Citigroup raised their target price on shares of Sysco from $81.00 to $88.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Jefferies Financial Group lifted their price target on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, UBS Group increased their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $89.38.

Insider Transactions at Sysco

In related news, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the sale, the director owned 12,868 shares in the company, valued at approximately $1,067,915.32. The trade was a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ronald L. Phillips sold 5,601 shares of the 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 transaction, the executive vice president owned 35,965 shares of the company’s stock, valued at $2,913,165. This trade represents a 13.47% decrease in their position. The SEC filing for this sale provides additional information. 0.56% of the stock is currently owned by insiders.

Sysco Trading Up 2.2%

Shares of SYY opened at $86.52 on Monday. The firm has a market cap of $41.44 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 2.69 and a beta of 0.61. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $86.72. The company has a 50 day simple moving average of $76.50 and a two-hundred day simple moving average of $78.11.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $20.76 billion during the quarter, compared to analyst estimates of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. Sysco’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, equities analysts expect 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 issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, January 2nd. Sysco’s payout ratio is 58.06%.

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.