Sysco Corporation $SYY Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its stake in Sysco Corporation (NYSE:SYY) by 82.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,984 shares of the company’s stock after selling 27,460 shares during the quarter. AlphaQuest LLC’s holdings in Sysco were worth $453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Sysco by 10.1% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,318,120 shares of the company’s stock valued at $99,834,000 after acquiring an additional 121,172 shares in the last quarter. Catalyst Capital Advisors LLC lifted its position in shares of Sysco by 244.0% in the second quarter. Catalyst Capital Advisors LLC now owns 1,813 shares of the company’s stock valued at $137,000 after acquiring an additional 1,286 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Sysco by 2.3% in the second quarter. Asset Management One Co. Ltd. now owns 202,911 shares of the company’s stock valued at $15,368,000 after acquiring an additional 4,472 shares in the last quarter. Clifford Swan Investment Counsel LLC lifted its position in shares of Sysco by 6.9% in the second quarter. Clifford Swan Investment Counsel LLC now owns 267,822 shares of the company’s stock valued at $20,285,000 after acquiring an additional 17,383 shares in the last quarter. Finally, Forum Financial Management LP lifted its position in shares of Sysco by 0.7% in the second quarter. Forum Financial Management LP now owns 49,030 shares of the company’s stock valued at $3,714,000 after acquiring an additional 351 shares in the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SYY shares. Citigroup upped their price objective on Sysco from $84.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Bank of America upped their price objective on Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Barclays increased their target price on Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday. Guggenheim increased their target price on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, Morgan Stanley set a $88.00 target price on Sysco in a research report on Tuesday, October 21st. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sysco has a consensus rating of “Moderate Buy” and an average price target of $87.31.

Sysco Stock Performance

Shares of NYSE:SYY opened at $74.26 on Thursday. The firm has a market capitalization of $35.54 billion, a PE ratio of 19.91, a P/E/G ratio of 2.24 and a beta of 0.82. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.70. The business has a 50-day moving average of $80.30 and a two-hundred day moving average of $77.00. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $83.47.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.12 by $0.03. The company had revenue of $21.15 billion during the quarter, compared to analyst estimates of $21.03 billion. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, research analysts forecast that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 3rd were paid a dividend of $0.54 per share. The ex-dividend date was Friday, October 3rd. This represents a $2.16 annualized dividend and a yield of 2.9%. Sysco’s dividend payout ratio is currently 57.91%.

Insider Buying and Selling

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $81.00, for a total transaction of $77,841.00. Following the completion of the sale, the executive vice president directly owned 41,501 shares in the company, valued at $3,361,581. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 14,732 shares of company stock worth $1,193,245 in the last ninety days. Corporate insiders own 0.56% of the company’s stock.

About Sysco

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.