Integrity Alliance LLC. Makes New Investment in Sysco Corporation $SYY

Key Points

• Integrity Alliance LLC. recently acquired 9,462 shares of Sysco Corporation valued at approximately $710,000.
• Sysco reported an earnings per share (EPS) of $1.48 for the last quarter, exceeding the consensus estimate of $1.39, along with a revenue increase of 2.8% year-over-year.
• The company declared a quarterly dividend of $0.54, reflecting an annualized yield of 2.7%, with the payout date set for October 24th.

Integrity Alliance LLC. acquired a new stake in Sysco Corporation (NYSE:SYY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,462 shares of the company's stock, valued at approximately $710,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC raised its position in shares of Sysco by 188.7% in the first quarter. Rialto Wealth Management LLC now owns 332 shares of the company's stock valued at $25,000 after buying an additional 217 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Sysco by 48.4% during the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock valued at $32,000 after acquiring an additional 140 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Sysco during the 1st quarter valued at about $33,000. Capital A Wealth Management LLC acquired a new stake in Sysco in the 4th quarter valued at about $34,000. Finally, Cheviot Value Management LLC purchased a new position in Sysco in the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 83.41% of the company's stock.

Insider Activity at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the business'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 sale, the executive vice president owned 41,501 shares of the company's stock, valued at $3,361,581. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Greg D. Bertrand sold 40,000 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the transaction, 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. Insiders sold a total of 92,338 shares of company stock valued at $7,439,331 in the last quarter. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. UBS Group set a $90.00 price target on Sysco in a research report on Wednesday, July 30th. Bank of America boosted their price objective on Sysco from $81.00 to $93.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Wall Street Zen downgraded Sysco from a "buy" rating to a "hold" rating in a research note on Saturday. Guggenheim boosted their price target on shares of Sysco from $85.00 to $87.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Citigroup started coverage on shares of Sysco in a report on Thursday, May 22nd. They issued a "neutral" rating and a $78.00 price objective for the company. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $85.69.

Sysco Trading Up 0.4%

Shares of NYSE:SYY traded up $0.33 during midday trading on Friday, reaching $81.37. 2,415,722 shares of the company's stock were exchanged, compared to its average volume of 2,407,836. The stock has a market cap of $39.44 billion, a price-to-earnings ratio of 21.81, a P/E/G ratio of 2.52 and a beta of 0.80. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.17. The firm's 50 day simple moving average is $79.70 and its two-hundred day simple moving average is $75.35. 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 (NYSE:SYY - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.09. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The company had revenue of $21.14 billion for the quarter, compared to analysts' expectations of $21.01 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. Sysco's revenue for the quarter was up 2.8% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, sell-side analysts forecast that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The business 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 dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. Sysco's dividend payout ratio (DPR) is presently 57.91%.

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.