Sysco Corporation $SYY Shares Acquired by EP Wealth Advisors LLC

Key Points

• EP Wealth Advisors LLC increased its holdings in Sysco Corporation by 34.9% during the first quarter, acquiring an additional 5,303 shares, bringing its total holdings to 20,517 shares valued at $1,540,000.
• Recent insider transactions include EVP Greg D. Bertrand selling 40,000 shares for $3.2 million, indicating a 41.54% decrease in ownership, and EVP Ronald L. Phillips selling 7,351 shares for approximately $595,431.
• Sysco announced a quarterly dividend of $0.54 per share, which will be paid on October 24th, representing an annualized dividend yield of 2.6%.

EP Wealth Advisors LLC lifted its position in shares of Sysco Corporation (NYSE:SYY - Free Report) by 34.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,517 shares of the company's stock after purchasing an additional 5,303 shares during the period. EP Wealth Advisors LLC's holdings in Sysco were worth $1,540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rialto Wealth Management LLC increased its stake in shares of Sysco by 188.7% in the first 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 last quarter. Golden State Wealth Management LLC increased its stake in shares of Sysco by 48.4% in the first 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 last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Sysco in the first quarter worth $33,000. Capital A Wealth Management LLC bought a new stake in shares of Sysco in the fourth quarter worth $34,000. Finally, Cheviot Value Management LLC bought a new stake in shares of Sysco in the first quarter worth $34,000. Institutional investors own 83.41% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SYY. Guggenheim lifted their price target on shares of Sysco from $85.00 to $87.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Barclays lifted their price target on shares of Sysco from $77.00 to $82.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Citigroup started coverage on shares of Sysco in a research note on Thursday, May 22nd. They set a "neutral" rating and a $78.00 target price for the company. Wells Fargo & Company set a $88.00 target price on shares of Sysco and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, Morgan Stanley boosted their target price on shares of Sysco from $72.00 to $77.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $85.69.

Sysco Stock Performance

SYY stock traded down $0.06 during trading on Friday, hitting $82.45. 2,675,007 shares of the company's stock traded hands, compared to its average volume of 2,638,187. 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 Corporation has a 52 week low of $67.12 and a 52 week high of $83.17. The stock has a fifty day moving average price of $79.29 and a two-hundred day moving average price of $75.09. The stock has a market capitalization of $39.97 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 2.55 and a beta of 0.80.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate 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 company's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently declared 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 is Friday, October 3rd. This represents a $2.16 annualized dividend and a dividend yield of 2.6%. Sysco's dividend payout ratio is currently 57.91%.

Insider Activity

In other 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 transaction of $3,200,000.00. Following the completion of the transaction, the executive vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ronald L. Phillips sold 37,606 shares of the company's stock in a transaction dated 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 owned 30,235 shares of the company's stock, valued at $2,449,035. This represents a 55.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,377 shares of company stock valued at $7,361,490 in the last 90 days. Insiders own 0.54% of the company's stock.

Sysco Company 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.