Artisan Partners Limited Partnership Sells 37,117 Shares of Sysco Corporation $SYY

Artisan Partners Limited Partnership cut its position in Sysco Corporation (NYSE:SYY) by 6.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 541,222 shares of the company’s stock after selling 37,117 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.11% of Sysco worth $44,564,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SYY. Jackson Grant Investment Advisers Inc. bought a new position in shares of Sysco during the 3rd quarter worth approximately $25,000. Harbor Capital Advisors Inc. boosted its stake in Sysco by 75.0% in the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after acquiring an additional 135 shares in the last quarter. Peterson Wealth Services grew its holdings 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 last quarter. Darwin Wealth Management LLC acquired a new position in shares of Sysco during the second quarter worth $31,000. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Sysco by 94.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after purchasing an additional 204 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sysco

In other Sysco news, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the transaction, the director owned 12,868 shares in the company, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of the firm’s stock in a transaction dated 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 directly owned 35,965 shares in the company, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is currently owned by corporate insiders.

Sysco Trading Up 2.3%

Sysco stock opened at $91.13 on Friday. The stock has a 50-day moving average price of $81.03 and a 200 day moving average price of $79.10. The company has a market capitalization of $43.64 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 2.83 and a beta of 0.61. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $91.85. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45.

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

Sysco Announces Dividend

The firm also recently announced 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 is Thursday, April 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.4%. Sysco’s payout ratio is currently 58.06%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SYY. Argus upgraded Sysco to a “hold” rating in a research note on Thursday, January 29th. Sanford C. Bernstein set a $90.00 price target on Sysco and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Jefferies Financial Group increased their price objective on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Wells Fargo & Company lifted their target price on shares of Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

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.