ProShare Advisors LLC Sells 76,788 Shares of Sysco Corporation $SYY

ProShare Advisors LLC lowered its stake in shares of Sysco Corporation (NYSE:SYY) by 3.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,178,229 shares of the company’s stock after selling 76,788 shares during the quarter. ProShare Advisors LLC owned about 0.45% of Sysco worth $179,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SYY. Harbor Capital Advisors Inc. raised its position in shares of Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares in the last quarter. Peterson Wealth Services grew its stake in Sysco by 875.7% in the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after purchasing an additional 324 shares during the period. Darwin Wealth Management LLC bought a new position in Sysco in the second quarter worth $31,000. Vermillion & White Wealth Management Group LLC lifted its position in Sysco by 94.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after buying an additional 204 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Sysco by 234.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $35,000 after buying an additional 321 shares in the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Price Performance

Shares of SYY opened at $86.52 on Monday. The company has a market capitalization of $41.44 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 2.69 and a beta of 0.61. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $86.72. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. The firm has a 50 day moving average of $76.50 and a 200 day moving average of $78.11.

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

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd were paid a dividend of $0.54 per share. The ex-dividend date was Friday, January 2nd. This represents a $2.16 annualized dividend and a yield of 2.5%. Sysco’s dividend payout ratio is currently 58.06%.

Insider Transactions at Sysco

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein set a $90.00 price target on shares of Sysco and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Piper Sandler raised their target price on shares of Sysco from $80.00 to $83.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Guggenheim boosted their price target on Sysco from $89.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco in a research report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. boosted their target price on Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $89.38.

Sysco 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.