Liberty One Investment Management LLC Buys 8,600 Shares of Sysco Corporation $SYY

Liberty One Investment Management LLC increased its stake in shares of Sysco Corporation (NYSE:SYY) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 345,897 shares of the company’s stock after acquiring an additional 8,600 shares during the quarter. Sysco comprises approximately 2.7% of Liberty One Investment Management LLC’s holdings, making the stock its 19th largest holding. Liberty One Investment Management LLC owned 0.07% of Sysco worth $26,198,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SYY. Wealth Enhancement Advisory Services LLC increased its position in Sysco by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 223,510 shares of the company’s stock worth $16,772,000 after acquiring an additional 4,932 shares during the period. Advisor Resource Council bought a new position in Sysco during the first quarter worth $240,000. Cambridge Investment Research Advisors Inc. increased its position in Sysco by 9.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 75,327 shares of the company’s stock worth $5,653,000 after acquiring an additional 6,417 shares during the period. Prairie Wealth Advisors Inc. bought a new position in Sysco during the first quarter worth $207,000. Finally, Jmac Enterprises LLC increased its holdings in Sysco by 67.5% in the 1st quarter. Jmac Enterprises LLC now owns 4,600 shares of the company’s stock valued at $345,000 after buying an additional 1,854 shares during the period. Institutional investors own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SYY shares. Guggenheim boosted their price target on shares of Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a report on Monday, October 6th. Morgan Stanley boosted their price target 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. Barclays boosted their price target on shares of Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Citigroup boosted their price target on shares of Sysco from $84.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Finally, UBS Group set a $90.00 price target on shares of Sysco in a report on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $86.46.

Sysco Stock Down 0.0%

Shares of NYSE:SYY opened at $79.88 on Tuesday. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.47. 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 company’s fifty day moving average is $80.74 and its 200-day moving average is $76.62. The company has a market capitalization of $38.22 billion, a PE ratio of 21.42, a P/E/G ratio of 2.47 and a beta of 0.82.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.39 by $0.09. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The company had revenue of $21.14 billion for the quarter, compared to the consensus estimate of $21.01 billion. During the same quarter in the previous year, the company earned $1.39 EPS. The firm’s revenue for the quarter 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 Dividend Announcement

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

Insider Transactions at Sysco

In related news, EVP Ronald L. Phillips sold 37,606 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the transaction, the executive vice president owned 30,235 shares in the company, valued at $2,449,035. This represents a 55.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 52,338 shares of company stock worth $4,239,331. 0.56% of the stock is owned by corporate insiders.

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.