Sysco Corporation $SYY Shares Bought by United Asset Strategies Inc.

United Asset Strategies Inc. increased its holdings in Sysco Corporation (NYSE:SYY) by 174.9% in the second quarter, Holdings Channel.com reports. The firm owned 28,362 shares of the company’s stock after purchasing an additional 18,044 shares during the period. United Asset Strategies Inc.’s holdings in Sysco were worth $2,148,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SYY. denkapparat Operations GmbH grew its position in Sysco by 59.1% during the second quarter. denkapparat Operations GmbH now owns 5,470 shares of the company’s stock valued at $414,000 after acquiring an additional 2,032 shares during the period. Forsta AP Fonden lifted its stake in shares of Sysco by 5.3% in the 2nd quarter. Forsta AP Fonden now owns 203,300 shares of the company’s stock valued at $15,398,000 after purchasing an additional 10,200 shares in the last quarter. National Pension Service grew its holdings in shares of Sysco by 0.6% during the 2nd quarter. National Pension Service now owns 872,060 shares of the company’s stock worth $66,050,000 after purchasing an additional 5,549 shares during the period. VeraBank N.A. acquired a new stake in Sysco during the 2nd quarter worth approximately $277,000. Finally, Factory Mutual Insurance Co. raised its holdings in Sysco by 139.0% in the second quarter. Factory Mutual Insurance Co. now owns 190,000 shares of the company’s stock valued at $14,391,000 after buying an additional 110,500 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Stock Up 1.2%

SYY stock opened at $75.48 on Wednesday. The company has a market capitalization of $36.14 billion, a P/E ratio of 20.24, a PEG ratio of 2.19 and a beta of 0.79. The firm has a 50 day simple moving average of $79.22 and a 200-day simple moving average of $77.17. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 5.54. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business had revenue of $21.15 billion for the quarter, compared to analyst estimates of $21.03 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities research analysts predict that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 3rd were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, October 3rd. Sysco’s dividend payout ratio (DPR) is presently 57.91%.

Analyst Ratings Changes

Several equities research analysts have issued reports on SYY shares. Barclays boosted their price objective on shares of Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Truist Financial upped their target price on Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. 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. Finally, UBS Group set a $90.00 price target on Sysco in a research report on Wednesday, July 30th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Insider Activity at Sysco

In other news, EVP Ronald L. Phillips sold 7,351 shares of Sysco stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $81.00, for a total value of $595,431.00. Following the completion of the transaction, the executive vice president directly owned 41,837 shares of the company’s stock, valued at approximately $3,388,797. The trade was a 14.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.56% of the company’s stock.

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.