Barclays PLC Has $152.68 Million Stock Holdings in Sysco Corporation $SYY

Barclays PLC increased its holdings in shares of Sysco Corporation (NYSE:SYY) by 2.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,854,262 shares of the company’s stock after purchasing an additional 46,297 shares during the quarter. Barclays PLC owned 0.39% of Sysco worth $152,680,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SYY. Islay Capital Management LLC acquired a new position in shares of Sysco in the third quarter valued at approximately $566,000. Orion Porfolio Solutions LLC raised its holdings in shares of Sysco by 5.9% during the third quarter. Orion Porfolio Solutions LLC now owns 66,053 shares of the company’s stock worth $5,439,000 after acquiring an additional 3,707 shares during the period. Advisory Alpha LLC raised its holdings in shares of Sysco by 12.2% during the third quarter. Advisory Alpha LLC now owns 5,246 shares of the company’s stock worth $437,000 after acquiring an additional 572 shares during the period. Level Four Advisory Services LLC lifted its position in Sysco by 17.5% in the 3rd quarter. Level Four Advisory Services LLC now owns 7,199 shares of the company’s stock valued at $593,000 after acquiring an additional 1,071 shares in the last quarter. Finally, Peninsula Asset Management Inc. lifted its position in Sysco by 0.6% in the 3rd quarter. Peninsula Asset Management Inc. now owns 38,260 shares of the company’s stock valued at $3,150,000 after acquiring an additional 245 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SYY. Wells Fargo & Company increased their target price on Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. BMO Capital Markets restated an “outperform” rating on shares of Sysco in a report on Wednesday, January 28th. Guggenheim reiterated a “buy” rating on shares of Sysco in a report on Thursday. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Argus upgraded Sysco to a “hold” rating in a research note on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Sysco Stock Down 0.6%

Shares of SYY stock opened at $85.30 on Friday. The firm’s fifty day moving average price is $82.35 and its two-hundred day moving average price is $79.35. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $91.85. The firm has a market capitalization of $40.85 billion, a P/E ratio of 22.93, a PEG ratio of 2.65 and a beta of 0.58.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $20.76 billion during the quarter, compared to the consensus estimate of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, equities analysts predict that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.16 annualized dividend and a yield of 2.5%. Sysco’s dividend payout ratio is 58.06%.

Insider Buying and Selling

In other Sysco news, Director Sheila Talton sold 2,801 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the transaction, the director directly owned 12,868 shares in the company, valued at $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total value of $453,681.00. Following the sale, the executive vice president owned 35,965 shares in the company, valued at approximately $2,913,165. This represents a 13.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is owned by company insiders.

Sysco Company Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.