First National Bank of Mount Dora Trust Investment Services Grows Stock Position in Sysco Corporation $SYY

First National Bank of Mount Dora Trust Investment Services raised its holdings in Sysco Corporation (NYSE:SYY) by 3.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,077 shares of the company’s stock after buying an additional 150 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in Sysco were worth $385,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of SYY. Boston Partners raised its stake in shares of Sysco by 24.8% in the first quarter. Boston Partners now owns 15,199,828 shares of the company’s stock worth $1,139,798,000 after purchasing an additional 3,015,714 shares during the last quarter. Canoe Financial LP raised its stake in shares of Sysco by 29,610.4% in the first quarter. Canoe Financial LP now owns 1,431,149 shares of the company’s stock worth $107,393,000 after purchasing an additional 1,426,332 shares during the last quarter. Nuveen LLC purchased a new position in shares of Sysco in the first quarter worth about $85,341,000. Amundi raised its stake in shares of Sysco by 36.5% in the first quarter. Amundi now owns 3,725,508 shares of the company’s stock worth $280,941,000 after purchasing an additional 995,498 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Sysco by 1,940.1% in the first quarter. Mackenzie Financial Corp now owns 1,016,660 shares of the company’s stock worth $76,290,000 after purchasing an additional 966,826 shares during the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction that occurred 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. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 56,304 shares in the company, 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 worth $7,439,331 over the last ninety days. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SYY. UBS Group set a $90.00 price objective on Sysco in a research note on Wednesday, July 30th. Guggenheim raised their price objective on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Wells Fargo & Company set a $88.00 target price on Sysco and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Barclays raised their target price on Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Finally, Wall Street Zen raised Sysco from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.46.

Sysco Stock Performance

Shares of NYSE:SYY opened at $78.78 on Friday. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. The business’s 50 day moving average price is $80.75 and its 200-day moving average price is $76.51. The firm has a market capitalization of $37.70 billion, a PE ratio of 21.12, a P/E/G ratio of 2.47 and a beta of 0.82. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. The firm had revenue of $21.14 billion for 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 revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company 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 expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

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

About Sysco

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.