Rockefeller Capital Management L.P. Sells 9,580 Shares of Sysco Corporation $SYY

Rockefeller Capital Management L.P. lessened its holdings in Sysco Corporation (NYSE:SYY) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,105 shares of the company’s stock after selling 9,580 shares during the period. Rockefeller Capital Management L.P.’s holdings in Sysco were worth $4,134,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas raised its holdings in Sysco by 8.0% in the 4th quarter. Teacher Retirement System of Texas now owns 370,571 shares of the company’s stock valued at $27,307,000 after buying an additional 27,510 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Sysco by 9.5% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 412,423 shares of the company’s stock valued at $30,445,000 after acquiring an additional 35,647 shares during the last quarter. Nicholas Company Inc. acquired a new position in shares of Sysco during the fourth quarter worth $2,278,000. Nordea Investment Management AB grew its stake in shares of Sysco by 38.8% in the fourth quarter. Nordea Investment Management AB now owns 1,952,615 shares of the company’s stock worth $144,552,000 after purchasing an additional 545,688 shares during the last quarter. Finally, Norges Bank acquired a new stake in Sysco in the fourth quarter valued at $542,780,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analyst Ratings Changes

SYY has been the subject of several recent research reports. Weiss Ratings cut Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th. Sanford C. Bernstein reduced their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Barclays reduced their price objective on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Finally, Guggenheim decreased their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and a consensus price target of $88.15.

Sysco Stock Up 2.5%

Shares of NYSE:SYY opened at $82.83 on Friday. The business’s 50 day moving average is $76.01 and its 200 day moving average is $78.52. Sysco Corporation has a 12-month low of $68.19 and a 12-month high of $91.85. The stock has a market cap of $39.61 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 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 the consensus estimate of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, sell-side analysts forecast that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.55 per share. This is an increase from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, July 2nd. Sysco’s dividend payout ratio (DPR) is currently 59.83%.

Insider Activity at Sysco

In related news, Director John M. Hinshaw acquired 13,304 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the acquisition, the director owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. This trade represents a 49.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.56% of the stock is owned by insiders.

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.