Traub Capital Management LLC Buys New Stake in Sysco Corporation $SYY

Traub Capital Management LLC purchased a new position in shares of Sysco Corporation (NYSE:SYY) during the second quarter, Holdings Channel reports. The fund purchased 5,850 shares of the company’s stock, valued at approximately $443,000.

Other institutional investors have also modified their holdings of the company. Kestra Private Wealth Services LLC increased its stake in Sysco by 1.3% during the first quarter. Kestra Private Wealth Services LLC now owns 34,145 shares of the company’s stock worth $2,562,000 after purchasing an additional 450 shares during the period. IFP Advisors Inc grew its holdings in shares of Sysco by 23.7% in the first quarter. IFP Advisors Inc now owns 33,711 shares of the company’s stock valued at $2,531,000 after purchasing an additional 6,468 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in Sysco by 233.3% during the 1st quarter. J.W. Cole Advisors Inc. now owns 23,185 shares of the company’s stock worth $1,740,000 after buying an additional 16,229 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in Sysco by 4.2% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 37,930 shares of the company’s stock valued at $2,846,000 after buying an additional 1,529 shares during the period. Finally, KLP Kapitalforvaltning AS boosted its position in Sysco by 2.9% in the 1st quarter. KLP Kapitalforvaltning AS now owns 424,100 shares of the company’s stock valued at $31,824,000 after buying an additional 11,900 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Price Performance

Shares of NYSE SYY opened at $75.96 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 5.54. The stock has a market cap of $36.37 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.19 and a beta of 0.79. The stock has a 50 day moving average of $78.58 and a two-hundred day moving average of $77.34. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47.

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

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is presently 57.91%.

Wall Street Analysts Forecast Growth

SYY has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Sysco in a research note on Thursday, November 13th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Morgan Stanley set a $88.00 target price on Sysco in a report on Tuesday, October 21st. Wells Fargo & Company set a $88.00 price target on Sysco and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Finally, Sanford C. Bernstein initiated coverage on Sysco in a report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Insiders Place Their Bets

In other Sysco news, EVP Ronald L. Phillips sold 7,351 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $81.00, for a total value of $595,431.00. Following 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by company insiders.

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.