Legacy Financial Advisors Inc. Acquires Shares of 9,441 Sysco Corporation $SYY

Legacy Financial Advisors Inc. bought a new position in shares of Sysco Corporation (NYSE:SYYFree Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,441 shares of the company’s stock, valued at approximately $789,000.

Other large investors also recently modified their holdings of the company. Lloyd Advisory Services LLC. bought a new position in Sysco during the 4th quarter valued at approximately $25,000. Motiv8 Investments LLC bought a new stake in shares of Sysco in the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. grew its position in shares of Sysco by 87.6% in the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock worth $26,000 after buying an additional 170 shares during the last quarter. Bard Associates Inc. purchased a new position in shares of Sysco during the fourth quarter valued at approximately $27,000. Finally, Elyxium Wealth LLC bought a new position in shares of Sysco during the fourth quarter valued at approximately $28,000. 83.41% of the stock is owned by institutional investors.

Insider Transactions at Sysco

In related news, EVP Ronald L. Phillips sold 7,350 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $83.61, for a total transaction of $614,533.50. Following the sale, the executive vice president owned 38,650 shares of the company’s stock, valued at $3,231,526.50. The trade was a 15.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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. Over the last three months, insiders have sold 14,508 shares of company stock worth $1,215,250. Company insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SYY. Wall Street Zen raised Sysco from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup upped their price objective on shares of Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Melius Research cut shares of Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Piper Sandler raised 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. Finally, Weiss Ratings raised shares of Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 19th. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.50.

Get Our Latest Report on SYY

Sysco Trading Up 1.2%

SYY opened at $82.05 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 4.62. Sysco Corporation has a 52 week low of $68.19 and a 52 week high of $91.85. The stock has a market cap of $39.31 billion, a PE ratio of 22.42, a PEG ratio of 2.77 and a beta of 0.63. The business has a 50 day moving average of $83.16 and a 200-day moving average of $80.46.

Sysco (NYSE:SYYGet Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.02. The company had revenue of $22.12 billion for the quarter, compared to analysts’ expectations of $21.95 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%.The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Equities research analysts predict that Sysco Corporation will post 5.12 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 2nd will be given a $0.55 dividend. The ex-dividend date of this dividend 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 is currently 60.11%.

Sysco Company Profile

(Free Report)

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.

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Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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