Banco Bilbao Vizcaya Argentaria S.A. Trims Stake in Sysco Corporation $SYY

Banco Bilbao Vizcaya Argentaria S.A. lessened its stake in shares of Sysco Corporation (NYSE:SYY) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,589 shares of the company’s stock after selling 3,266 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Sysco were worth $4,437,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Clearstead Trust LLC increased its position in Sysco by 4.5% during the 2nd quarter. Clearstead Trust LLC now owns 4,284 shares of the company’s stock worth $324,000 after purchasing an additional 186 shares in the last quarter. W.H. Cornerstone Investments Inc. lifted its holdings in Sysco by 4.5% in the 2nd quarter. W.H. Cornerstone Investments Inc. now owns 11,502 shares of the company’s stock valued at $871,000 after purchasing an additional 498 shares in the last quarter. ABN Amro Investment Solutions acquired a new stake in shares of Sysco during the 2nd quarter worth about $8,239,000. EagleClaw Capital Managment LLC grew its holdings in shares of Sysco by 7.2% during the second quarter. EagleClaw Capital Managment LLC now owns 42,860 shares of the company’s stock worth $3,246,000 after buying an additional 2,885 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its position in shares of Sysco by 2.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 73,522 shares of the company’s stock valued at $5,569,000 after buying an additional 2,100 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Ronald L. Phillips sold 961 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were 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 trade represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.56% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SYY shares. Wells Fargo & Company set a $88.00 target price on shares of Sysco and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Morgan Stanley set a $88.00 price target on Sysco in a research note on Tuesday, October 21st. Barclays lifted their price objective on Sysco from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Citigroup dropped their target price on Sysco from $86.00 to $82.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Finally, Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Nine investment 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 target price of $87.00.

Sysco Price Performance

SYY stock opened at $74.66 on Friday. The company has a market cap of $35.75 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 5.54. The stock has a 50-day moving average price of $78.80 and a two-hundred day moving average price of $77.23. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, topping 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 company had revenue of $21.15 billion for the quarter, compared to the consensus estimate of $21.03 billion. During the same period last year, the business posted $1.09 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, research analysts predict that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

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

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.