Sysco Corporation $SYY Holdings Raised by Bank of Montreal Can

Bank of Montreal Can lifted its stake in Sysco Corporation (NYSE:SYY) by 3.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,305,934 shares of the company’s stock after purchasing an additional 43,404 shares during the quarter. Bank of Montreal Can owned 0.27% of Sysco worth $107,531,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SYY. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of Sysco in the 3rd quarter valued at approximately $25,000. Harbor Capital Advisors Inc. grew its position in Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares in the last quarter. Peterson Wealth Services raised its stake in Sysco by 875.7% during the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after purchasing an additional 324 shares during the period. Darwin Wealth Management LLC acquired a new stake in Sysco during the 2nd quarter valued at $31,000. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Sysco by 94.9% in the second 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 in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Up 0.3%

SYY opened at $84.50 on Thursday. The company has a market capitalization of $40.47 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 2.62 and a beta of 0.58. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $91.85. The business has a 50-day moving average of $82.97 and a 200-day moving average of $79.44.

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

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.54 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.16 annualized dividend and a dividend yield of 2.6%. Sysco’s dividend payout ratio is 58.06%.

Wall Street Analyst Weigh In

Several analysts have recently commented on SYY shares. JPMorgan Chase & Co. raised their target price on Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Barclays upped their price target on Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Argus upgraded Sysco to a “hold” rating in a research report on Thursday, January 29th. Citigroup lifted their target price on Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Finally, Morgan Stanley dropped their target price on Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.31.

Insider Buying and Selling at Sysco

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

About Sysco

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.