Arcadia Investment Management Corp MI Has $288,000 Stake in Sysco Corporation $SYY

Arcadia Investment Management Corp MI cut its stake in Sysco Corporation (NYSE:SYY) by 60.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,804 shares of the company’s stock after selling 5,760 shares during the period. Arcadia Investment Management Corp MI’s holdings in Sysco were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in Sysco by 1.0% in the 1st quarter. Invesco Ltd. now owns 17,070,502 shares of the company’s stock valued at $1,280,970,000 after buying an additional 162,961 shares during the last quarter. Boston Partners grew its stake in shares of Sysco by 24.8% during the 1st quarter. Boston Partners now owns 15,199,828 shares of the company’s stock worth $1,139,798,000 after acquiring an additional 3,015,714 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Sysco by 1.5% in the second quarter. Geode Capital Management LLC now owns 12,551,872 shares of the company’s stock valued at $946,694,000 after purchasing an additional 183,179 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of Sysco by 2.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 7,353,551 shares of the company’s stock worth $551,810,000 after purchasing an additional 146,573 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Sysco by 2.6% in the first quarter. Northern Trust Corp now owns 5,828,930 shares of the company’s stock worth $437,403,000 after purchasing an additional 145,477 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

SYY opened at $74.66 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47. The business has a 50 day moving average of $78.80 and a 200-day moving average of $77.18. The stock has a market cap of $35.75 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.19 and a beta of 0.79.

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

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SYY shares. Bank of America lifted their price target on shares of Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Sanford C. Bernstein started coverage on Sysco in a report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price objective for the company. Morgan Stanley set a $88.00 target price on Sysco in a research report on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Sysco in a report on Thursday. Finally, Citigroup reduced their price target on Sysco from $86.00 to $82.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $87.00.

Insider Activity at Sysco

In other news, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the transaction, the executive vice president owned 41,501 shares of the company’s stock, valued at approximately $3,361,581. This represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.56% of the company’s stock.

Sysco Profile

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.