Mraz Amerine & Associates Inc. Makes New Investment in Sysco Corporation $SYY

Mraz Amerine & Associates Inc. acquired a new position in Sysco Corporation (NYSE:SYY) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,000 shares of the company’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Chung Wu Investment Group LLC purchased a new stake in Sysco in the second quarter worth about $30,000. Golden State Wealth Management LLC lifted its holdings in Sysco by 48.4% in the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock worth $32,000 after buying an additional 140 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Sysco during the first quarter valued at approximately $33,000. 1248 Management LLC purchased a new position in shares of Sysco during the first quarter valued at approximately $35,000. Finally, Cheviot Value Management LLC purchased a new position in shares of Sysco during the first quarter valued at approximately $34,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sysco

In related news, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the sale, the executive vice president owned 56,304 shares of the company’s stock, valued at $4,504,320. The trade was a 41.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the completion of the sale, the executive vice president directly owned 41,501 shares of the company’s stock, valued at $3,361,581. The trade was a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,338 shares of company stock valued at $7,439,331 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Sysco Price Performance

Shares of NYSE SYY opened at $79.83 on Wednesday. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47. The firm has a market cap of $38.20 billion, a P/E ratio of 21.40, a PEG ratio of 2.50 and a beta of 0.82. The company has a 50 day moving average of $80.90 and a 200 day moving average of $76.25. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $21.01 billion. During the same period in the prior year, the firm earned $1.39 EPS. 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. As a group, research analysts expect that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 annualized dividend and a dividend yield of 2.7%. Sysco’s payout ratio is presently 57.91%.

Wall Street Analyst Weigh In

SYY has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Truist Financial lifted their target price on shares of Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sysco in a report on Saturday, September 27th. Finally, Guggenheim boosted their price objective on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.85.

About Sysco

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.