33,444 Shares in Sysco Corporation $SYY Bought by AlphaQuest LLC

Key Points

• AlphaQuest LLC has invested $2.51 million in Sysco Corporation by purchasing 33,444 shares in the first quarter, reflecting growing interest from institutional investors in the company.
• Several analysts have upgraded Sysco's stock rating, with price targets ranging from $85.00 to $90.00, indicating positive market sentiment towards the company's future performance.
• Sysco will pay a quarterly dividend of $0.54 per share on October 24, with a current dividend yield of 2.7%, highlighting the company's commitment to returning value to shareholders.

AlphaQuest LLC bought a new stake in Sysco Corporation (NYSE:SYY - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,444 shares of the company's stock, valued at approximately $2,510,000.

Other institutional investors also recently modified their holdings of the company. Rialto Wealth Management LLC grew its position in shares of Sysco by 188.7% during the 1st quarter. Rialto Wealth Management LLC now owns 332 shares of the company's stock worth $25,000 after buying an additional 217 shares during the period. Parvin Asset Management LLC acquired a new position in shares of Sysco during the 4th quarter worth about $29,000. Golden State Wealth Management LLC grew its position in shares of Sysco by 48.4% during 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 during the period. N.E.W. Advisory Services LLC acquired a new position in shares of Sysco during the 1st quarter worth about $33,000. Finally, Capital A Wealth Management LLC acquired a new position in shares of Sysco during the 4th quarter worth about $34,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Down 1.2%

Shares of NYSE:SYY traded down $0.9530 during trading on Monday, hitting $79.3370. 2,369,429 shares of the company were exchanged, compared to its average volume of 3,313,996. The stock has a market cap of $38.46 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 2.49 and a beta of 0.83. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $82.64. The firm has a fifty day moving average price of $78.14 and a two-hundred day moving average price of $74.43. 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 (NYSE:SYY - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.09. The firm had revenue of $21.14 billion for 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%.The business's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, research analysts anticipate that Sysco Corporation will post 4.58 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 24th. Investors of record on Friday, October 3rd will be issued 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 payout ratio is presently 57.91%.

Insider Buying and Selling

In related news, EVP Ronald L. Phillips sold 37,606 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the transaction, the executive vice president directly owned 30,235 shares of the company's stock, valued at approximately $2,449,035. The trade was a 55.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Greg D. Bertrand sold 40,000 shares of the company's stock in a transaction on 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 directly owned 56,304 shares in the company, valued at approximately $4,504,320. This represents a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,026 shares of company stock worth $6,766,059 over the last three months. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SYY shares. Barclays lifted their price objective on Sysco from $77.00 to $82.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price objective on Sysco from $82.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Bank of America lifted their price objective on Sysco from $81.00 to $93.00 and gave the company a "buy" rating in a report on Friday, July 18th. UBS Group set a $90.00 price objective on Sysco in a report on Wednesday, July 30th. Finally, Citigroup assumed coverage on Sysco in a research note on Thursday, May 22nd. They issued a "neutral" rating and a $78.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.