Country Trust Bank Has $32.03 Million Position in Sysco Corporation $SYY

Country Trust Bank lowered its holdings in shares of Sysco Corporation (NYSE:SYY) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 434,693 shares of the company’s stock after selling 9,830 shares during the period. Country Trust Bank owned about 0.09% of Sysco worth $32,033,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SYY. Wellington Management Group LLP lifted its holdings in shares of Sysco by 3,977.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock worth $387,935,000 after acquiring an additional 4,595,819 shares during the period. Mondrian Investment Partners LTD bought a new position in shares of Sysco during the 3rd quarter worth about $142,237,000. Marshall Wace LLP lifted its holdings in shares of Sysco by 102.6% during the 3rd quarter. Marshall Wace LLP now owns 2,359,471 shares of the company’s stock worth $194,279,000 after acquiring an additional 1,194,815 shares during the period. Scopus Asset Management L.P. bought a new position in shares of Sysco during the 3rd quarter worth about $87,075,000. Finally, Sunriver Management LLC bought a new position in shares of Sysco during the 3rd quarter worth about $45,809,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Transactions at Sysco

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

Analyst Upgrades and Downgrades

SYY has been the subject of several analyst reports. Citigroup cut their target price on Sysco from $88.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, March 31st. Guggenheim cut their target price on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Barclays raised their target price on Sysco from $88.00 to $92.00 and gave the stock 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. Finally, BMO Capital Markets restated an “outperform” rating on shares of Sysco in a research report on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $88.31.

Sysco Trading Up 2.6%

Shares of SYY opened at $73.02 on Tuesday. The stock has a fifty day moving average price of $84.26 and a two-hundred day moving average price of $79.20. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $91.85. The company has a market cap of $34.97 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.57 and a beta of 0.69.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The firm had revenue of $20.76 billion during the quarter, compared to the consensus estimate of $20.80 billion. During the same quarter in the previous year, the company posted $0.93 EPS. The business’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. Analysts predict that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be given a $0.54 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $2.16 annualized dividend and a yield of 3.0%. Sysco’s payout ratio is presently 58.06%.

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.