Amundi Trims Position in Sysco Corporation $SYY

Amundi trimmed its stake in Sysco Corporation (NYSE:SYY) by 30.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,579,060 shares of the company’s stock after selling 1,146,448 shares during the period. Amundi owned about 0.53% of Sysco worth $200,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in SYY. Chung Wu Investment Group LLC bought a new stake in shares of Sysco during the second quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC increased its holdings in Sysco by 94.9% during 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 period. 1248 Management LLC bought a new stake in Sysco during the 1st quarter valued at $35,000. Banque Transatlantique SA purchased a new stake in shares of Sysco in the 1st quarter worth $35,000. Finally, Hantz Financial Services Inc. grew its position in shares of Sysco by 234.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $35,000 after buying an additional 321 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In related news, EVP Ronald L. Phillips sold 961 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 41,501 shares of the company’s stock, valued at $3,361,581. This trade represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by company insiders.

Sysco Stock Performance

Shares of SYY stock opened at $73.11 on Friday. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47. The business’s fifty day simple moving average is $76.93 and its 200-day simple moving average is $77.62. The company has a current ratio of 1.15, a quick ratio of 0.65 and a debt-to-equity ratio of 5.54. The company has a market cap of $35.01 billion, a PE ratio of 19.60, a PEG ratio of 2.40 and a beta of 0.61.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share 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 firm had revenue of $21.15 billion during the quarter, compared to analysts’ expectations of $21.03 billion. During the same quarter last year, the firm earned $1.09 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.0%. Sysco’s payout ratio is presently 57.91%.

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.