Cypress Wealth Services LLC Makes New Investment in Sysco Corporation $SYY

Key Points

• Cypress Wealth Services LLC has acquired a new position in Sysco Corporation, purchasing 3,887 shares valued at approximately $294,000 during the second quarter.
• Sysco reported better-than-expected quarterly earnings with an EPS of $1.48, surpassing estimates of $1.39, and announced a quarterly dividend of $0.54, yielding 2.7%.
• Recent analyst ratings show a consensus of "Moderate Buy" for Sysco, with ten analysts recommending buy ratings and an average price target of $85.85.

Cypress Wealth Services LLC purchased a new position in shares of Sysco Corporation (NYSE:SYY - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,887 shares of the company's stock, valued at approximately $294,000.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of Sysco by 30.9% in the 1st quarter. Farther Finance Advisors LLC now owns 5,502 shares of the company's stock valued at $415,000 after acquiring an additional 1,298 shares during the period. 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 valued at $16,772,000 after acquiring an additional 4,932 shares during the period. Dynamic Advisor Solutions LLC purchased a new position in shares of Sysco in the 1st quarter valued at $202,000. Exchange Traded Concepts LLC raised its stake in shares of Sysco by 11.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 23,025 shares of the company's stock valued at $1,728,000 after acquiring an additional 2,296 shares during the period. Finally, Mission Wealth Management LP raised its stake in shares of Sysco by 41.6% in the 1st quarter. Mission Wealth Management LP now owns 11,650 shares of the company's stock valued at $874,000 after acquiring an additional 3,424 shares during the period. Hedge funds and other institutional investors own 83.41% of the company's stock.

Sysco Trading Up 2.4%

NYSE SYY opened at $80.17 on Wednesday. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47. The company has a 50-day simple moving average of $80.80 and a 200-day simple moving average of $76.46. 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 firm has a market capitalization of $38.36 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.42 and a beta of 0.82.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.39 by $0.09. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The business had revenue of $21.14 billion during the quarter, compared to analyst estimates of $21.01 billion. During the same period in the previous year, the business posted $1.39 EPS. The company'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. On average, equities analysts forecast that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The company 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 $0.54 dividend. The ex-dividend date is Friday, October 3rd. This represents a $2.16 annualized dividend and a yield of 2.7%. Sysco's dividend payout ratio (DPR) is currently 57.91%.

Insider Activity

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $81.00, for a total transaction of $77,841.00. Following the sale, the executive vice president directly owned 41,501 shares in the company, valued at approximately $3,361,581. The trade was a 2.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Greg D. Bertrand sold 40,000 shares of the business's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,338 shares of company stock worth $7,439,331. 0.56% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Bank of America raised their target price on shares of Sysco from $81.00 to $93.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Weiss Ratings downgraded shares of Sysco from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Guggenheim raised their target price on shares of Sysco from $87.00 to $89.00 and gave the company a "buy" rating in a research note on Monday, October 6th. Barclays raised their price target on shares of Sysco from $77.00 to $82.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Finally, UBS Group set a $90.00 price target on shares of Sysco in a report on Wednesday, July 30th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $85.85.

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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