FLC Capital Advisors Makes New $284,000 Investment in Sysco Corporation $SYY

Key Points

• FLC Capital Advisors made a new investment of $284,000 in Sysco Corporation, acquiring 3,751 shares during the 2nd quarter.
• Sysco recently declared a $0.54 quarterly dividend to be paid on October 24th, representing an annual yield of 2.7%.
• Sysco reported $1.48 earnings per share for the last quarter, exceeding analyst expectations by $0.09 with a revenue of $21.14 billion.

FLC Capital Advisors acquired a new position in Sysco Corporation (NYSE:SYY - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,751 shares of the company's stock, valued at approximately $284,000.

Several other hedge funds have also added to or reduced their stakes in SYY. Wealth Enhancement Advisory Services LLC raised its position in Sysco by 2.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 223,510 shares of the company's stock worth $16,772,000 after acquiring an additional 4,932 shares during the period. Johnson Investment Counsel Inc. raised its position in Sysco by 5.6% in the first quarter. Johnson Investment Counsel Inc. now owns 12,721 shares of the company's stock worth $955,000 after acquiring an additional 673 shares during the period. Advisor Resource Council bought a new stake in Sysco in the first quarter worth about $240,000. GAM Holding AG raised its position in Sysco by 20.9% in the first quarter. GAM Holding AG now owns 20,195 shares of the company's stock worth $1,515,000 after acquiring an additional 3,486 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Sysco in the first quarter valued at approximately $43,000. Institutional investors own 83.41% of the company's stock.

Sysco Stock Performance

Sysco stock opened at $79.92 on Monday. The firm's 50 day simple moving average is $80.73 and its 200 day simple moving average is $76.56. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. The firm has a market capitalization of $38.24 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 2.47 and a beta of 0.82. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $83.47.

Sysco (NYSE:SYY - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.09. The business had revenue of $21.14 billion for 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%. Sysco's revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

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

Analyst Ratings Changes

SYY has been the topic of several research reports. Wall Street Zen raised shares of Sysco from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. Barclays boosted their price target on shares of Sysco from $77.00 to $82.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. UBS Group set a $90.00 price target on shares of Sysco in a research report on Wednesday, July 30th. Truist Financial boosted their price target on shares of Sysco from $81.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Bank of America boosted their price target on shares of Sysco from $81.00 to $93.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Sysco has an average rating of "Moderate Buy" and a consensus target price of $86.46.

Insiders Place Their Bets

In other news, 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 value of $77,841.00. Following the completion of the sale, the executive vice president owned 41,501 shares of the company's stock, valued at approximately $3,361,581. This represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Greg D. Bertrand sold 40,000 shares of the 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 sale, the executive vice president directly owned 56,304 shares of the company's stock, valued at $4,504,320. The trade was a 41.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,338 shares of company stock valued at $7,439,331 in the last ninety days. 0.56% of the stock is owned by corporate 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.

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