Sysco Corporation $SYY Shares Sold by Barclays PLC

Barclays PLC reduced its holdings in shares of Sysco Corporation (NYSE:SYY) by 16.1% in the 4th quarter, HoldingsChannel reports. The fund owned 1,555,548 shares of the company’s stock after selling 298,714 shares during the quarter. Barclays PLC’s holdings in Sysco were worth $114,628,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jackson Grant Investment Advisers Inc. acquired a new position in shares of Sysco during the 3rd quarter worth about $25,000. Lloyd Advisory Services LLC. acquired a new position in shares of Sysco during the 4th quarter worth about $25,000. Bard Associates Inc. acquired a new position in shares of Sysco during the 4th quarter worth about $27,000. Torren Management LLC acquired a new stake in shares of Sysco in the 4th quarter valued at about $27,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Sysco in the 4th quarter valued at about $28,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays decreased their target price on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Wells Fargo & Company upped their target price on Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Guggenheim decreased their target price on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Citigroup upped their target price on Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $88.15.

Insider Activity

In other Sysco news, Director John M. Hinshaw bought 13,304 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the purchase, the director owned 40,200 shares in the company, valued at approximately $3,021,834. This represents a 49.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.

Sysco Stock Up 0.5%

Sysco stock opened at $79.61 on Tuesday. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85. The stock has a 50 day moving average of $74.90 and a two-hundred day moving average of $78.23. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. The stock has a market capitalization of $38.07 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 3.23 and a beta of 0.65.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $20.52 billion for the quarter, compared to analysts’ expectations of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, research analysts expect that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. This is a positive change from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. Sysco’s dividend payout ratio (DPR) is currently 59.83%.

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.