Family Capital Management Inc. Takes $290,000 Position in Sysco Corporation $SYY

Key Points

• Family Capital Management Inc. has acquired a new stake in Sysco Corporation valued at approximately $290,000, purchasing 3,824 shares in the 2nd quarter.
• Sysco insiders have sold a total of 14,732 shares valued at about $1,193,245 in the last 90 days, indicating notable insider trading activity.
• The company reported a Q2 earnings per share (EPS) of $1.48, exceeding estimates, with expected EPS guidance of 4.500-4.600 for FY 2026.

Family Capital Management Inc. bought a new stake in Sysco Corporation (NYSE:SYY - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,824 shares of the company's stock, valued at approximately $290,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chung Wu Investment Group LLC purchased a new stake in shares of Sysco in the 2nd quarter valued at about $30,000. Golden State Wealth Management LLC lifted its holdings 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 valued at $32,000 after purchasing an additional 140 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Sysco in the 1st quarter valued at about $33,000. Cheviot Value Management LLC purchased a new stake in shares of Sysco in the 1st quarter valued at about $34,000. Finally, 1248 Management LLC purchased a new stake in shares of Sysco in the 1st quarter valued at about $35,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sysco

In related news, EVP Ronald L. Phillips sold 961 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 41,501 shares of the company's stock, valued at $3,361,581. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 14,732 shares of company stock valued at $1,193,245. Corporate insiders own 0.56% of the company's stock.

Analyst Ratings Changes

SYY has been the subject of several research reports. UBS Group set a $90.00 target price on Sysco in a report on Wednesday, July 30th. Sanford C. Bernstein set a $83.00 price objective on Sysco and gave the company a "market perform" rating in a research note on Wednesday. Barclays upped their price objective on Sysco from $77.00 to $82.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Wells Fargo & Company set a $88.00 price objective on Sysco and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, Morgan Stanley set a $88.00 price objective on Sysco in a research note on Tuesday. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $87.00.

Sysco Stock Performance

Shares of SYY stock opened at $79.14 on Wednesday. The company has a market cap of $37.87 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.47 and a beta of 0.82. The stock has a 50 day simple moving average of $80.70 and a 200-day simple moving average of $76.64. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47. 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 issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.09. The business had revenue of $21.14 billion during the quarter, compared to the consensus estimate of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The company's revenue for the quarter 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 forecast that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

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

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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