Clifford Swan Investment Counsel LLC Acquires 17,383 Shares of Sysco Corporation $SYY

Clifford Swan Investment Counsel LLC boosted its stake in Sysco Corporation (NYSE:SYY - Free Report) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,822 shares of the company's stock after purchasing an additional 17,383 shares during the quarter. Clifford Swan Investment Counsel LLC owned about 0.06% of Sysco worth $20,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Chung Wu Investment Group LLC purchased a new stake in shares of Sysco during the 2nd quarter valued at $30,000. Golden State Wealth Management LLC boosted its stake in shares of Sysco by 48.4% during the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock valued at $32,000 after purchasing an additional 140 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of Sysco in the first quarter worth approximately $33,000. Cheviot Value Management LLC purchased a new position in shares of Sysco in the first quarter worth $34,000. Finally, 1248 Management LLC purchased a new stake in Sysco during the 1st quarter valued at $35,000. 83.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SYY. Morgan Stanley set a $88.00 target price on shares of Sysco in a research note on Tuesday. Barclays raised their target price on Sysco from $77.00 to $82.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Wall Street Zen raised shares of Sysco from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. Wells Fargo & Company set a $88.00 price objective on shares of Sysco and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Finally, UBS Group set a $90.00 price target on Sysco in a research report on Wednesday, July 30th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Sysco presently has an average rating of "Moderate Buy" and an average price target of $87.00.

Sysco Price Performance

Shares of SYY opened at $78.55 on Thursday. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47. The company has a market capitalization of $37.59 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 2.44 and a beta of 0.82. The firm has a 50 day moving average of $80.63 and a 200 day moving average of $76.65. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75.

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 the consensus estimate 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 prior year, the firm posted $1.39 EPS. The firm'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. As a group, equities research analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be given a dividend of $0.54 per share. The ex-dividend date is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 2.7%. Sysco's dividend payout ratio is 57.91%.

Insiders Place Their Bets

In other news, EVP Ronald L. Phillips sold 961 shares of the firm'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 transaction, the executive vice president directly owned 41,501 shares in the company, valued at $3,361,581. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 14,732 shares of company stock worth $1,193,245. 0.56% of the stock is currently owned by 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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