Cookson Peirce & Co. Inc. Increases Holdings in Sysco Corporation $SYY

Cookson Peirce & Co. Inc. grew its holdings in shares of Sysco Corporation (NYSE:SYY) by 51.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,235 shares of the company’s stock after purchasing an additional 4,822 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Sysco were worth $1,078,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Ellis Investment Partners LLC increased its holdings in Sysco by 4.9% in the 2nd quarter. Ellis Investment Partners LLC now owns 2,820 shares of the company’s stock worth $214,000 after acquiring an additional 133 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in Sysco by 48.4% in the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares during the last quarter. Stephens Inc. AR grew its holdings in Sysco by 0.6% during the 2nd quarter. Stephens Inc. AR now owns 25,040 shares of the company’s stock valued at $1,897,000 after buying an additional 140 shares in the last quarter. Trust Co of the South grew its holdings in Sysco by 3.0% during the 2nd quarter. Trust Co of the South now owns 4,849 shares of the company’s stock valued at $367,000 after buying an additional 142 shares in the last quarter. Finally, NorthRock Partners LLC grew its holdings in Sysco by 2.2% during the 2nd quarter. NorthRock Partners LLC now owns 6,514 shares of the company’s stock valued at $493,000 after buying an additional 142 shares in the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SYY has been the subject of a number of recent analyst reports. Barclays lifted their target price on Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Sanford C. Bernstein began coverage on Sysco in a report on Wednesday. They set a “market perform” rating and a $83.00 target price for the company. Citigroup boosted their price objective on Sysco from $84.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Guggenheim boosted their price objective on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Finally, Bank of America boosted their price objective on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Insiders Place Their Bets

In related news, EVP Ronald L. Phillips sold 961 shares of the company’s 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 sale, the executive vice president directly owned 41,501 shares of the company’s stock, valued at $3,361,581. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 14,732 shares of company stock valued at $1,193,245 over the last 90 days. 0.56% of the stock is owned by corporate insiders.

Sysco Stock Performance

Shares of SYY stock opened at $78.55 on Thursday. 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 has a market capitalization of $37.59 billion, a P/E ratio of 21.06, a PEG ratio of 2.44 and a beta of 0.82. The stock has a 50 day moving average price of $80.63 and a two-hundred day moving average price of $76.65. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47.

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

Sysco Announces Dividend

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

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.