Sysco Corporation $SYY Stock Holdings Boosted by Fiduciary Alliance LLC

Key Points

• Fiduciary Alliance LLC increased its stake in Sysco Corporation by 145.1%, owning 6,775 shares valued at approximately $513,000 after purchasing an additional 4,011 shares in the second quarter.
• Sysco reported a quarterly earnings per share of $1.48, exceeding analysts' forecast of $1.39, with revenue of $21.14 billion during the same quarter.
• The company announced a quarterly dividend of $0.54 per share to be paid on October 24th, with a resulting annualized dividend yield of 2.6%.

Fiduciary Alliance LLC raised its stake in shares of Sysco Corporation (NYSE:SYY - Free Report) by 145.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,775 shares of the company's stock after buying an additional 4,011 shares during the period. Fiduciary Alliance LLC's holdings in Sysco were worth $513,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Beacon Financial Group increased its stake in shares of Sysco by 55.5% in the 2nd quarter. Beacon Financial Group now owns 9,955 shares of the company's stock worth $754,000 after purchasing an additional 3,554 shares in the last quarter. Czech National Bank lifted its stake in Sysco by 5.4% in the second quarter. Czech National Bank now owns 118,490 shares of the company's stock worth $8,974,000 after purchasing an additional 6,122 shares during the last quarter. Persium Advisors LLC lifted its stake in Sysco by 4.7% in the second quarter. Persium Advisors LLC now owns 7,397 shares of the company's stock worth $560,000 after purchasing an additional 332 shares during the last quarter. Canandaigua National Bank & Trust Co. lifted its stake in Sysco by 3.6% in the second quarter. Canandaigua National Bank & Trust Co. now owns 12,684 shares of the company's stock worth $961,000 after purchasing an additional 440 shares during the last quarter. Finally, Livelsberger Financial Advisory bought a new stake in Sysco in the second quarter worth about $46,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wells Fargo & Company set a $88.00 price objective on shares of Sysco and gave the company an "overweight" rating in a report on Tuesday, July 29th. UBS Group set a $90.00 price objective on shares of Sysco in a research report on Wednesday, July 30th. Bank of America boosted their target price on shares of Sysco from $81.00 to $93.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Morgan Stanley upped their price objective 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. Finally, Guggenheim upped their price objective on shares of Sysco from $85.00 to $87.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. 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, Sysco presently has an average rating of "Moderate Buy" and an average target price of $85.69.

Sysco Stock Performance

Shares of SYY stock traded down $0.51 during mid-day trading on Thursday, hitting $81.95. The stock had a trading volume of 3,594,944 shares, compared to its average volume of 2,539,666. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.17. The company's 50-day simple moving average is $79.98 and its 200-day simple moving average is $75.48. The firm has a market cap of $39.73 billion, a PE ratio of 21.97, a PEG ratio of 2.55 and a beta of 0.80.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.39 by $0.09. The firm had revenue of $21.14 billion during the quarter, compared to analysts' expectations of $21.01 billion. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.39 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Sell-side analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current 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 issued 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 dividend yield of 2.6%. Sysco's payout ratio is 57.91%.

Insider Buying and Selling

In other news, EVP Greg D. Bertrand sold 40,000 shares of the business's stock in a transaction on 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 transaction, the executive vice president directly owned 56,304 shares of the company's stock, valued at approximately $4,504,320. The trade was a 41.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ronald L. Phillips sold 961 shares of the company's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total transaction of $77,841.00. Following the completion of the sale, the executive vice president directly owned 41,501 shares in the company, valued at $3,361,581. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,338 shares of company stock valued at $7,439,331. 0.54% of the stock is owned by insiders.

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.