3,716 Shares in Sysco Corporation $SYY Acquired by Evanson Asset Management LLC

Key Points

• Evanson Asset Management LLC acquired 3,716 shares of Sysco Corporation worth approximately $281,000, as reported in a recent 13F filing.
• Sysco reported $1.48 EPS for the last quarter, exceeding analysts' expectations of $1.39, and had a revenue of $21.14 billion, up 2.8% year-over-year.
• The company has declared a quarterly dividend of $0.54 per share, reflecting a 2.6% yield, with the payment scheduled for October 24th.

Evanson Asset Management LLC bought a new position in Sysco Corporation (NYSE:SYY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,716 shares of the company's stock, valued at approximately $281,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. NorthCrest Asset Manangement LLC lifted its holdings in Sysco by 4.9% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 2,956 shares of the company's stock worth $226,000 after purchasing an additional 139 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Sysco by 48.4% in the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock worth $32,000 after purchasing an additional 140 shares during the last quarter. Trust Co of the South lifted its holdings in Sysco by 3.0% in the 2nd quarter. Trust Co of the South now owns 4,849 shares of the company's stock worth $367,000 after purchasing an additional 142 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in Sysco by 1.6% in the 1st quarter. Chicago Partners Investment Group LLC now owns 8,898 shares of the company's stock worth $627,000 after purchasing an additional 143 shares during the last quarter. Finally, One Wealth Advisors LLC increased its position in Sysco by 3.3% in the 1st quarter. One Wealth Advisors LLC now owns 4,698 shares of the company's stock worth $353,000 after buying an additional 151 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Performance

SYY opened at $81.84 on Thursday. The stock has a market cap of $39.67 billion, a PE ratio of 21.94, a P/E/G ratio of 2.55 and a beta of 0.80. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.24. The stock's 50 day simple moving average is $80.47 and its 200-day simple moving average is $75.71.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.09. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The business had revenue of $21.14 billion for the quarter, compared to analysts' expectations of $21.01 billion. During the same period in the previous year, the business posted $1.39 earnings per share. Sysco's quarterly revenue was up 2.8% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Sell-side analysts forecast that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, October 3rd. Sysco's dividend payout ratio is 57.91%.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group set a $90.00 price target on Sysco in a research report on Wednesday, July 30th. Morgan Stanley lifted their price target on Sysco from $72.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Guggenheim lifted their price target on Sysco from $85.00 to $87.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wells Fargo & Company set a $88.00 price target on Sysco and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, Barclays lifted their price target on Sysco from $77.00 to $82.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $85.69.

Insiders Place Their Bets

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of the company's stock in a transaction 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 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ronald L. Phillips sold 961 shares of the company's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total value of $77,841.00. Following the completion of the sale, the executive vice president owned 41,501 shares in the company, valued at $3,361,581. This trade represents a 2.26% 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 quarter. Company insiders own 0.54% of the company's stock.

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.

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