Valley National Advisers Inc. Acquires 237 Shares of Sysco Corporation $SYY

Valley National Advisers Inc. raised its holdings in shares of Sysco Corporation (NYSE:SYY) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,747 shares of the company’s stock after purchasing an additional 237 shares during the quarter. Valley National Advisers Inc.’s holdings in Sysco were worth $1,873,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Chung Wu Investment Group LLC purchased a new position in shares of Sysco during the second quarter worth approximately $30,000. Golden State Wealth Management LLC raised its position in Sysco by 48.4% during the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Sysco in the 1st quarter worth $33,000. Cheviot Value Management LLC bought a new position in shares of Sysco during the 1st quarter worth $34,000. Finally, 1248 Management LLC purchased a new position in shares of Sysco during the first quarter valued at $35,000. 83.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. UBS Group set a $90.00 target price on shares of Sysco in a report on Wednesday, July 30th. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Bank of America boosted their price objective on shares of Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Wells Fargo & Company set a $88.00 target price on Sysco and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Finally, Morgan Stanley boosted their price target on Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.69.

Insider Buying and Selling at Sysco

In related news, EVP Greg D. Bertrand sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the sale, the executive vice president directly owned 56,304 shares of the company’s stock, valued at $4,504,320. This trade represents a 41.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ronald L. Phillips sold 37,606 shares of Sysco stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total value of $3,046,086.00. Following the transaction, the executive vice president owned 30,235 shares of the company’s stock, valued at approximately $2,449,035. This represents a 55.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,338 shares of company stock valued at $7,439,331. 0.54% of the stock is currently owned by corporate insiders.

Sysco Stock Down 1.3%

Shares of SYY stock opened at $82.21 on Monday. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. The firm has a market capitalization of $39.85 billion, a PE ratio of 22.04, a P/E/G ratio of 2.54 and a beta of 0.82. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. The stock’s 50-day simple moving average is $80.86 and its 200-day simple moving average is $76.15.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The firm had revenue of $21.14 billion during the quarter, compared to the consensus estimate of $21.01 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities analysts expect that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be paid a $0.54 dividend. The ex-dividend date is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.6%. Sysco’s dividend payout ratio is presently 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.