9,635 Shares in Sysco Corporation $SYY Purchased by Gallacher Capital Management LLC

Key Points

• Gallacher Capital Management LLC purchased 9,635 shares of Sysco Corporation (SYY), valued at approximately $730,000, during the second quarter.
• Sysco's quarterly earnings report showed an EPS of $1.48, exceeding estimates, with a revenue of $21.14 billion which was higher than analyst expectations.
• The company recently announced a quarterly dividend of $0.54 per share, translating to an annualized dividend yield of 2.7%.

Gallacher Capital Management LLC bought a new position in Sysco Corporation (NYSE:SYY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,635 shares of the company's stock, valued at approximately $730,000.

Several other large investors also recently modified their holdings of SYY. Boyd Watterson Asset Management LLC OH boosted its position in Sysco by 106.4% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company's stock valued at $236,000 after acquiring an additional 1,622 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Sysco by 2.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 223,510 shares of the company's stock valued at $16,772,000 after acquiring an additional 4,932 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new stake in Sysco during the 1st quarter valued at approximately $202,000. Focus Partners Wealth lifted its holdings in shares of Sysco by 13.4% during the first quarter. Focus Partners Wealth now owns 1,022,679 shares of the company's stock valued at $76,742,000 after purchasing an additional 120,740 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position 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 purchasing an additional 140 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SYY. UBS Group set a $90.00 price target on Sysco in a research report on Wednesday, July 30th. Guggenheim boosted 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. Truist Financial boosted their price target on Sysco from $81.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price target on Sysco from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Finally, Bank of America boosted their price target on Sysco from $81.00 to $93.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $85.69.

Sysco Price Performance

Shares of SYY opened at $81.37 on Monday. The firm has a market cap of $39.44 billion, a PE ratio of 21.81, a P/E/G ratio of 2.52 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. The firm has a fifty day simple moving average of $79.70 and a two-hundred day simple moving average of $75.36. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $83.17.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.39 by $0.09. The firm had revenue of $21.14 billion during 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%.Sysco's revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities analysts anticipate that Sysco Corporation will post 4.58 EPS 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 paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 3rd. Sysco's dividend payout ratio is 57.91%.

Insider Buying and Selling at Sysco

In other news, EVP Ronald L. Phillips sold 961 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president directly owned 41,501 shares in the company, valued at $3,361,581. This represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 completion of the sale, the executive vice president owned 56,304 shares of the company's stock, valued at $4,504,320. This trade represents a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,338 shares of company stock valued at $7,439,331 over the last 90 days. 0.54% of the stock is currently owned by company insiders.

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.

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