IFM Investors Pty Ltd Cuts Stock Holdings in Sysco Corporation $SYY

IFM Investors Pty Ltd reduced its stake in Sysco Corporation (NYSE:SYY) by 8.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,455 shares of the company’s stock after selling 6,482 shares during the period. IFM Investors Pty Ltd’s holdings in Sysco were worth $5,311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SYY. Montag A & Associates Inc. increased its stake in Sysco by 1.4% during the 4th quarter. Montag A & Associates Inc. now owns 8,743 shares of the company’s stock worth $644,000 after purchasing an additional 123 shares in the last quarter. United Community Bank lifted its stake in Sysco by 11.4% in the fourth quarter. United Community Bank now owns 1,224 shares of the company’s stock valued at $90,000 after buying an additional 125 shares in the last quarter. First Citizens Bank & Trust Co. boosted its holdings in shares of Sysco by 1.2% in the fourth quarter. First Citizens Bank & Trust Co. now owns 11,224 shares of the company’s stock valued at $827,000 after buying an additional 138 shares during the period. Octavia Wealth Advisors LLC increased its position in shares of Sysco by 4.6% during the fourth quarter. Octavia Wealth Advisors LLC now owns 3,231 shares of the company’s stock worth $237,000 after acquiring an additional 141 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its holdings in shares of Sysco by 1.6% during the fourth quarter. Diversify Wealth Management LLC now owns 9,173 shares of the company’s stock worth $698,000 after acquiring an additional 143 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sysco

In related news, Director John M. Hinshaw purchased 13,304 shares of Sysco stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.56% of the company’s stock.

Sysco Stock Down 0.1%

Sysco stock opened at $84.71 on Friday. The company has a market cap of $40.50 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 3.21 and a beta of 0.64. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The company has a fifty day simple moving average of $76.88 and a 200 day simple moving average of $78.88. The company has a current ratio of 1.33, a quick ratio of 0.80 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 the consensus estimate of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business had revenue of $20.52 billion for the quarter, compared to the consensus estimate of $20.56 billion. During the same period last year, the firm earned $0.96 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Research analysts anticipate 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. Investors of record on Thursday, July 2nd will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, July 2nd. This is a boost from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 2.6%. Sysco’s dividend payout ratio is currently 60.94%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SYY. Guggenheim reduced their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. UBS Group dropped their price target on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Citigroup upped their price objective on Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Piper Sandler decreased their price objective on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a report on Friday, June 26th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.15.

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.