Sawyer & Company Inc purchased a new position in shares of Sysco Corporation (NYSE:SYY – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,051 shares of the company’s stock, valued at approximately $2,811,000.
A number of other large investors also recently bought and sold shares of SYY. Parkside Financial Bank & Trust grew its stake in shares of Sysco by 7.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,241 shares of the company’s stock valued at $187,000 after buying an additional 147 shares during the period. Plimoth Trust Co. LLC raised its position in shares of Sysco by 4.2% in the 1st quarter. Plimoth Trust Co. LLC now owns 3,744 shares of the company’s stock worth $267,000 after buying an additional 150 shares during the period. Pinnacle Associates Ltd. raised its position in shares of Sysco by 2.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 7,399 shares of the company’s stock worth $577,000 after buying an additional 150 shares during the period. Sunbelt Securities Inc. boosted its holdings in Sysco by 87.6% in the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock valued at $26,000 after acquiring an additional 170 shares during the last quarter. Finally, Cornerstone Wealth Group LLC boosted its holdings in Sysco by 5.5% in the first quarter. Cornerstone Wealth Group LLC now owns 3,341 shares of the company’s stock valued at $250,000 after acquiring an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have commented on the company. Melius Research lowered Sysco from a “hold” rating to a “sell” rating in a research note on Tuesday, July 7th. UBS Group raised their price objective on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings raised Sysco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 15th. Wall Street Zen upgraded Sysco from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. Finally, Piper Sandler increased their target price on shares of Sysco from $77.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and an average price target of $90.42.
Read Our Latest Stock Report on Sysco
Insider Activity at Sysco
In related news, EVP Ronald Phillips sold 960 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $83.00, for a total transaction of $79,680.00. Following the sale, the executive vice president directly owned 49,852 shares in the company, valued at approximately $4,137,716. This trade represents a 1.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 15,525 shares of company stock worth $1,299,736. Company insiders own 0.55% of the company’s stock.
Sysco Stock Down 1.1%
Sysco stock traded down $0.88 during trading on Wednesday, reaching $82.02. 967,385 shares of the company’s stock were exchanged, compared to its average volume of 4,023,172. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85. The firm has a market cap of $40.35 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 2.79 and a beta of 0.64. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28. The company’s 50-day moving average is $80.57 and its two-hundred day moving average is $79.10.
Sysco (NYSE:SYY – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.51 by $0.02. The company had revenue of $22.12 billion for the quarter, compared to analyst estimates of $21.95 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $1.48 earnings per share. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. On average, analysts predict that Sysco Corporation will post 5.10 earnings per share for the current year.
Sysco Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 2nd will be paid a $0.55 dividend. The ex-dividend date is Friday, October 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.7%. Sysco’s dividend payout ratio (DPR) is 60.11%.
About Sysco
Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.
The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.
Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.
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