IFP Advisors Inc Has $2.68 Million Position in Sysco Corporation $SYY

IFP Advisors Inc raised its stake in shares of Sysco Corporation (NYSE:SYY) by 0.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 33,948 shares of the company’s stock after purchasing an additional 237 shares during the quarter. IFP Advisors Inc’s holdings in Sysco were worth $2,680,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SYY. Farther Finance Advisors LLC lifted its holdings in shares of Sysco by 30.9% during the 1st quarter. Farther Finance Advisors LLC now owns 5,502 shares of the company’s stock valued at $415,000 after purchasing an additional 1,298 shares in the last quarter. Focus Financial Network Inc. lifted its holdings in shares of Sysco by 5.9% during the 1st quarter. Focus Financial Network Inc. now owns 3,994 shares of the company’s stock valued at $300,000 after purchasing an additional 221 shares in the last quarter. Verity & Verity LLC lifted its holdings in shares of Sysco by 6.1% during the 1st quarter. Verity & Verity LLC now owns 7,029 shares of the company’s stock valued at $527,000 after purchasing an additional 402 shares in the last quarter. Everhart Financial Group Inc. lifted its holdings in shares of Sysco by 12.1% during the 1st quarter. Everhart Financial Group Inc. now owns 5,871 shares of the company’s stock valued at $441,000 after purchasing an additional 632 shares in the last quarter. Finally, Stanley Laman Group Ltd. lifted its holdings in shares of Sysco by 1.4% during the 1st quarter. Stanley Laman Group Ltd. now owns 46,459 shares of the company’s stock valued at $3,486,000 after purchasing an additional 660 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Trading Up 0.5%

Shares of Sysco stock opened at $78.44 on Friday. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47. The stock has a market cap of $37.53 billion, a P/E ratio of 21.03, a P/E/G ratio of 2.42 and a beta of 0.82. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75. The business’s 50 day moving average is $80.81 and its 200-day moving average is $76.37.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (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 company had revenue of $21.14 billion for the quarter, compared to analysts’ expectations of $21.01 billion. During the same quarter in the prior year, the business posted $1.39 EPS. The business’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 research analysts predict that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business 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 dividend of $0.54 per share. The ex-dividend date is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.8%. Sysco’s dividend payout ratio is currently 57.91%.

Analysts Set New Price Targets

SYY has been the topic of several recent analyst reports. Guggenheim lifted their price objective on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a report on Monday. Wells Fargo & Company set a $88.00 target price on Sysco and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Morgan Stanley boosted their target price on Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. UBS Group set a $90.00 target price on Sysco in a research note on Wednesday, July 30th. Finally, Barclays boosted their target price on Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.85.

Insider Buying and Selling

In other news, EVP Greg D. Bertrand sold 40,000 shares of the company’s stock in a transaction that occurred on 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 owned 56,304 shares in the company, valued at $4,504,320. This represents a 41.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 41,501 shares in the company, valued at approximately $3,361,581. This represents a 2.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,338 shares of company stock worth $7,439,331. Company insiders own 0.54% of the company’s stock.

Sysco Company 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.