Kiltearn Partners LLP Sells 12,300 Shares of Sysco Corporation $SYY

Kiltearn Partners LLP lowered its holdings in Sysco Corporation (NYSE:SYY - Free Report) by 7.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 156,200 shares of the company's stock after selling 12,300 shares during the period. Sysco makes up about 2.4% of Kiltearn Partners LLP's portfolio, making the stock its 18th largest holding. Kiltearn Partners LLP's holdings in Sysco were worth $11,831,000 as of its most recent SEC filing.

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Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its stake in shares of Sysco by 17.7% in the second quarter. Quadrant Capital Group LLC now owns 7,988 shares of the company's stock valued at $605,000 after buying an additional 1,202 shares during the period. Vermillion & White Wealth Management Group LLC raised its holdings in Sysco by 94.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company's stock valued at $32,000 after acquiring an additional 204 shares in the last quarter. Employees Retirement System of Texas acquired a new position in Sysco in the 2nd quarter valued at $275,000. Choreo LLC lifted its position in shares of Sysco by 6.9% during the 2nd quarter. Choreo LLC now owns 20,456 shares of the company's stock valued at $1,549,000 after acquiring an additional 1,312 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Sysco by 2.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 239,238 shares of the company's stock worth $18,098,000 after purchasing an additional 6,012 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Sysco in a research report on Tuesday. Barclays upped their price target on shares of Sysco from $82.00 to $86.00 and gave the stock an "overweight" rating in a report on Wednesday, October 29th. Citigroup reduced their price target on shares of Sysco from $86.00 to $82.00 and set a "neutral" rating on the stock in a research report on Monday, November 3rd. UBS Group set a $90.00 price objective on shares of Sysco in a research report on Wednesday, July 30th. Finally, Sanford C. Bernstein began coverage on Sysco in a report on Wednesday, October 22nd. They issued a "market perform" rating and a $83.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Sysco presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.00.

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Get Our Latest Stock Report on SYY

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 7,351 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $81.00, for a total value of $595,431.00. Following the sale, the executive vice president owned 41,837 shares of the company's stock, valued at $3,388,797. The trade was a 14.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.56% of the company's stock.

Sysco Stock Up 0.1%

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Shares of NYSE:SYY opened at $75.99 on Thursday. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47. The company has a market capitalization of $36.39 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.70 and a current ratio of 1.15. The company has a fifty day moving average of $77.94 and a 200-day moving average of $77.50.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.03. The business had revenue of $21.15 billion for the quarter, compared to analyst estimates of $21.03 billion. Sysco had a return on equity of 112.04% and a net margin of 2.21%.Sysco's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities analysts predict that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, January 2nd. Sysco's payout ratio is 57.91%.

Sysco Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.

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