Sysco Corporation $SYY Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Sysco Corporation (NYSE:SYY) by 16.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,807 shares of the company’s stock after buying an additional 8,758 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Sysco were worth $4,607,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Concurrent Investment Advisors LLC raised its position in shares of Sysco by 3.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 33,654 shares of the company’s stock worth $2,549,000 after acquiring an additional 1,024 shares in the last quarter. Apollon Wealth Management LLC increased its position in Sysco by 15.0% during the second quarter. Apollon Wealth Management LLC now owns 7,510 shares of the company’s stock worth $569,000 after buying an additional 980 shares during the period. Drucker Wealth 3.0 LLC purchased a new position in shares of Sysco in the 2nd quarter valued at approximately $1,371,000. Aberdeen Group plc grew its stake in shares of Sysco by 5.2% in the 2nd quarter. Aberdeen Group plc now owns 423,576 shares of the company’s stock valued at $31,900,000 after purchasing an additional 20,862 shares during the last quarter. Finally, Lmcg Investments LLC grew its stake in shares of Sysco by 5.4% in the 2nd quarter. Lmcg Investments LLC now owns 78,554 shares of the company’s stock valued at $5,950,000 after purchasing an additional 4,047 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SYY. Guggenheim lifted their price target on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Barclays lifted their price target on Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Truist Financial lifted their price target on Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Wells Fargo & Company set a $88.00 price target on Sysco and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Finally, Morgan Stanley lifted their price target on Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.85.

Sysco Stock Down 0.3%

Shares of NYSE:SYY opened at $78.21 on Tuesday. The company has a market capitalization of $37.42 billion, a P/E ratio of 20.97, a P/E/G ratio of 2.43 and a beta of 0.82. The stock’s fifty day simple moving average is $80.79 and its 200-day simple moving average is $76.44. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75.

Sysco (NYSE:SYY) last released 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. The firm had revenue of $21.14 billion during the quarter, compared to analyst estimates of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities research analysts forecast that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently announced 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 2.8%. The ex-dividend date is Friday, October 3rd. Sysco’s dividend payout ratio is presently 57.91%.

Insider Buying and Selling at Sysco

In related news, EVP Ronald L. Phillips sold 37,606 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total value of $3,046,086.00. Following the completion of the transaction, the executive vice president directly owned 30,235 shares in the company, valued at approximately $2,449,035. This represents a 55.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Greg D. Bertrand sold 40,000 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the sale, the executive vice president owned 56,304 shares of the company’s stock, valued at $4,504,320. This represents a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,338 shares of company stock valued at $7,439,331 over the last quarter. 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.