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8,651 Shares in Sysco Corporation $SYY Acquired by Foster & Motley Inc.

Sysco logo with Consumer Staples background

Key Points

  • Foster & Motley Inc. acquired 8,651 shares of Sysco Corporation during the 2nd quarter, valued at approximately $655,000.
  • Sysco's stock ratings have varied, with Wall Street Zen upgrading it to a "buy" and Barclays setting a target price increase from $77.00 to $82.00, while Weiss Ratings downgraded it to a "hold".
  • Sysco announced a quarterly dividend of $0.54 per share, which represents an annualized dividend yield of 2.7%.
  • Five stocks to consider instead of Sysco.

Foster & Motley Inc. purchased a new position in Sysco Corporation (NYSE:SYY - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,651 shares of the company's stock, valued at approximately $655,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its position in Sysco by 1.0% during the 1st quarter. Invesco Ltd. now owns 17,070,502 shares of the company's stock worth $1,280,970,000 after purchasing an additional 162,961 shares in the last quarter. Boston Partners boosted its holdings in 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 in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Sysco by 2.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 7,353,551 shares of the company's stock worth $551,810,000 after purchasing an additional 146,573 shares in the last quarter. Northern Trust Corp boosted its holdings in Sysco by 2.6% in the first quarter. Northern Trust Corp now owns 5,828,930 shares of the company's stock worth $437,403,000 after purchasing an additional 145,477 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Sysco by 8.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,087,250 shares of the company's stock worth $381,747,000 after purchasing an additional 391,614 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SYY shares. Wall Street Zen upgraded shares of Sysco from a "hold" rating to a "buy" rating in a report on Saturday, October 11th. Weiss Ratings lowered shares of Sysco from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Barclays boosted their target price on shares of Sysco from $77.00 to $82.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Guggenheim boosted their target price on shares of Sysco from $87.00 to $89.00 and gave the stock a "buy" rating in a research report on Monday, October 6th. Finally, UBS Group set a $90.00 target price on shares of Sysco in a research report on Wednesday, July 30th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Sysco has an average rating of "Moderate Buy" and a consensus target price of $86.46.

Get Our Latest Analysis on SYY

Insider Transactions at Sysco

In related news, EVP Greg D. Bertrand sold 40,000 shares of the company'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 sale, the executive vice president owned 56,304 shares of the company's stock, valued at $4,504,320. The trade was a 41.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ronald L. Phillips sold 37,606 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the completion of the sale, the executive vice president directly owned 30,235 shares in the company, valued at approximately $2,449,035. The trade was a 55.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,338 shares of company stock valued at $7,439,331 in the last ninety days. 0.56% of the stock is owned by company insiders.

Sysco Stock Up 1.4%

Shares of SYY opened at $79.92 on Monday. The company has a 50-day simple moving average of $80.73 and a 200-day simple moving average of $76.56. The firm has a market capitalization of $38.24 billion, a P/E ratio of 21.42, a P/E/G ratio of 2.47 and a beta of 0.82. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.47.

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

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.54 per share. 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 dividend payout ratio is currently 57.91%.

About Sysco

(Free Report)

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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Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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