American Century Companies Inc. Sells 39,114 Shares of Sysco Corporation $SYY

American Century Companies Inc. cut its stake in Sysco Corporation (NYSE:SYY) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 878,416 shares of the company’s stock after selling 39,114 shares during the quarter. American Century Companies Inc. owned 0.18% of Sysco worth $72,329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SYY. Gateway Investment Advisers LLC raised its holdings in Sysco by 594.8% during the third quarter. Gateway Investment Advisers LLC now owns 85,622 shares of the company’s stock valued at $7,050,000 after acquiring an additional 73,298 shares during the period. Norges Bank purchased a new stake in shares of Sysco during the second quarter worth about $493,686,000. AE Wealth Management LLC raised its stake in Sysco by 320.9% during the 3rd quarter. AE Wealth Management LLC now owns 79,589 shares of the company’s stock valued at $6,553,000 after purchasing an additional 60,680 shares during the period. Krilogy Financial LLC raised its stake in Sysco by 65.6% during the 3rd quarter. Krilogy Financial LLC now owns 42,435 shares of the company’s stock valued at $3,494,000 after purchasing an additional 16,807 shares during the period. Finally, Accurate Wealth Management LLC purchased a new position in Sysco in the 3rd quarter worth approximately $2,497,000. Institutional investors own 83.41% of the company’s stock.

Analyst Ratings Changes

SYY has been the topic of several recent research reports. Piper Sandler increased their price target on Sysco from $80.00 to $83.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Morgan Stanley cut their price target on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Argus raised shares of Sysco to a “hold” rating in a research report on Thursday, January 29th. Weiss Ratings upgraded Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 24th. Finally, Jefferies Financial Group increased their price target on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.31.

Insider Buying and Selling

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

Sysco Stock Down 0.4%

Sysco stock opened at $87.63 on Thursday. The stock has a 50 day moving average of $81.90 and a two-hundred day moving average of $79.26. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $91.85. The stock has a market capitalization of $41.97 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 2.73 and a beta of 0.58. 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 (NYSE:SYY) last issued 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 business had revenue of $20.76 billion for the quarter, compared to analyst estimates of $20.80 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The business’s 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, research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently disclosed 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. This represents a $2.16 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, April 2nd. Sysco’s payout ratio is currently 58.06%.

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.