Fiduciary Management Inc. WI Sells 190,227 Shares of Sysco Corporation $SYY

Fiduciary Management Inc. WI reduced its position in shares of Sysco Corporation (NYSE:SYY) by 8.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,107,864 shares of the company’s stock after selling 190,227 shares during the quarter. Sysco makes up about 1.7% of Fiduciary Management Inc. WI’s holdings, making the stock its 27th biggest holding. Fiduciary Management Inc. WI owned about 0.44% of Sysco worth $155,328,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. bought a new stake in Sysco during the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. bought a new position in Sysco in the 4th quarter worth $25,000. Torren Management LLC bought a new position in Sysco in the 4th quarter worth $27,000. Elyxium Wealth LLC bought a new position in Sysco in the 4th quarter worth $28,000. Finally, Navalign LLC bought a new position in Sysco in the 4th quarter worth $29,000. 83.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sysco

In other news, Director John M. Hinshaw acquired 13,304 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the transaction, the director owned 40,200 shares of the company’s stock, valued at $3,021,834. This trade represents a 49.46% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.56% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on SYY shares. Piper Sandler decreased their price objective on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Barclays decreased their price objective on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. UBS Group decreased their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Citigroup upped their price objective on shares of Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a report 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 report on Thursday, April 2nd. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $88.15.

Sysco Stock Up 2.7%

NYSE:SYY opened at $76.36 on Friday. The firm’s 50-day moving average price is $74.45 and its 200-day moving average price is $78.09. The company has a market capitalization of $36.51 billion, a PE ratio of 21.15, a P/E/G ratio of 3.12 and a beta of 0.65. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $20.52 billion during 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 firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, equities analysts predict that Sysco Corporation will post 4.59 EPS for the current fiscal 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 given a $0.55 dividend. 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 2.9%. This is a boost from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is currently 59.83%.

Sysco Company 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.