5th Street Advisors LLC Invests $307,000 in Sysco Corporation $SYY

Key Points

• 5th Street Advisors LLC invested approximately $307,000 in Sysco Corporation, acquiring 4,088 shares in the first quarter, as disclosed in a recent SEC filing.
• Sysco reported earnings of $1.48 per share for the latest quarter, surpassing estimates, alongside a revenue increase to $21.14 billion, indicating a 2.8% year-over-year growth.
• The company announced a quarterly dividend of $0.54 per share, with an annual yield of 2.7%, and is set to be paid out on October 24th to investors of record by October 3rd.

5th Street Advisors LLC acquired a new position in Sysco Corporation (NYSE:SYY - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,088 shares of the company's stock, valued at approximately $307,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Boyd Watterson Asset Management LLC OH raised its stake in shares of Sysco by 106.4% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company's stock worth $236,000 after buying an additional 1,622 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Sysco by 2.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 223,510 shares of the company's stock worth $16,772,000 after buying an additional 4,932 shares in the last quarter. Fiduciary Trust Co raised its stake in shares of Sysco by 0.3% in the 4th quarter. Fiduciary Trust Co now owns 66,495 shares of the company's stock worth $5,084,000 after buying an additional 196 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of Sysco in the 1st quarter worth $202,000. Finally, Golden State Wealth Management LLC raised its stake in shares of 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 buying an additional 140 shares in the last quarter. Institutional investors own 83.41% of the company's stock.

Sysco Stock Down 0.1%

Shares of SYY stock traded down $0.06 on Friday, reaching $82.45. 2,675,007 shares of the company's stock traded hands, compared to its average volume of 2,683,667. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.17. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. The company has a market capitalization of $39.97 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 2.56 and a beta of 0.80. The business's 50 day moving average price is $79.29 and its two-hundred day moving average price is $75.06.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share 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 the consensus estimate of $21.01 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. Sysco's revenue for the quarter was up 2.8% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities analysts forecast that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

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

Insider Transactions at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 37,606 shares of the business's stock in a transaction dated 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 transaction, the executive vice president owned 30,235 shares in the company, valued at $2,449,035. The trade was a 55.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Greg D. Bertrand sold 40,000 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the transaction, the executive vice president owned 56,304 shares in the company, valued at $4,504,320. This trade represents a 41.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 91,377 shares of company stock worth $7,361,490 in the last 90 days. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

SYY has been the topic of a number of research reports. Morgan Stanley boosted their price objective on Sysco from $72.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. boosted their target price on Sysco from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Citigroup assumed coverage on Sysco in a research report on Thursday, May 22nd. They set a "neutral" rating and a $78.00 target price on the stock. Truist Financial boosted their target price on Sysco from $81.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Barclays boosted their target price on Sysco from $77.00 to $82.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Sysco presently has an average rating of "Moderate Buy" and a consensus target price of $85.69.

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.