Sysco Corporation $SYY Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC reduced its stake in shares of Sysco Corporation (NYSE:SYY) by 11.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,888,853 shares of the company’s stock after selling 252,290 shares during the quarter. Sysco comprises approximately 3.0% of Clarkston Capital Partners LLC’s holdings, making the stock its 11th largest position. Clarkston Capital Partners LLC owned 0.39% of Sysco worth $143,062,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SYY. Chung Wu Investment Group LLC bought a new position in shares of Sysco during the second quarter worth about $30,000. Vermillion & White Wealth Management Group LLC grew its position in Sysco by 94.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after purchasing an additional 204 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in Sysco in the 1st quarter worth about $33,000. Cheviot Value Management LLC acquired a new stake in shares of Sysco in the first quarter valued at approximately $34,000. Finally, 1248 Management LLC bought a new stake in shares of Sysco during the first quarter valued at approximately $35,000. 83.41% of the stock is currently owned by institutional investors.

Insider Activity at Sysco

In other news, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total transaction of $77,841.00. Following the transaction, the executive vice president owned 41,501 shares in the company, valued at approximately $3,361,581. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on SYY. Morgan Stanley set a $88.00 price objective on Sysco in a report on Tuesday, October 21st. Barclays boosted their price target on Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Citigroup lowered their price target on Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Sanford C. Bernstein initiated coverage on shares of Sysco in a research note on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price objective on the stock. Finally, Guggenheim increased their target price on shares of Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Sysco presently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Sysco Trading Up 0.1%

Shares of NYSE SYY opened at $75.99 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 company has a market cap of $36.39 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 2.19 and a beta of 0.79. The business has a fifty day simple moving average of $77.82 and a 200-day simple moving average of $77.49.

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

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be issued a $0.54 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.8%. Sysco’s dividend payout ratio is presently 57.91%.

Sysco Company 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.