Invst LLC Purchases Shares of 26,944 Sysco Corporation $SYY

Key Points

• Invst LLC acquired 26,944 shares of Sysco Corporation, valued at approximately $2,022,000, in the first quarter.
• Sysco's quarterly earnings surpassed expectations with an EPS of $1.48, beating analysts' estimates by $0.09, alongside revenues of $21.14 billion.
• The company announced a quarterly dividend of $0.54 per share, with a dividend yield of 2.7%, and the ex-dividend date set for October 3rd.

Invst LLC purchased a new stake in Sysco Corporation (NYSE:SYY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 26,944 shares of the company's stock, valued at approximately $2,022,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Strs Ohio purchased a new position in Sysco in the 1st quarter valued at approximately $6,045,000. Jacobi Capital Management LLC lifted its position in shares of Sysco by 1.4% during the 1st quarter. Jacobi Capital Management LLC now owns 24,713 shares of the company's stock worth $1,855,000 after purchasing an additional 334 shares during the last quarter. Mattson Financial Services LLC lifted its position in shares of Sysco by 5.7% during the 1st quarter. Mattson Financial Services LLC now owns 13,016 shares of the company's stock worth $977,000 after purchasing an additional 705 shares during the last quarter. WBI Investments LLC lifted its position in shares of Sysco by 41.7% during the 1st quarter. WBI Investments LLC now owns 10,914 shares of the company's stock worth $819,000 after purchasing an additional 3,211 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Sysco by 24.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,087 shares of the company's stock worth $307,000 after purchasing an additional 808 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company's stock.

Sysco Price Performance

Shares of NYSE:SYY opened at $81.07 on Friday. The company's fifty day moving average price is $79.61 and its 200 day moving average price is $75.30. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $83.17. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. The firm has a market capitalization of $39.30 billion, a P/E ratio of 21.73, a P/E/G ratio of 2.48 and a beta of 0.80.

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

Sysco Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 2.7%. Sysco's payout ratio is currently 57.91%.

Analyst Upgrades and Downgrades

SYY has been the subject of several recent analyst reports. Wells Fargo & Company set a $88.00 price objective on shares of Sysco and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Citigroup initiated coverage on shares of Sysco in a research report on Thursday, May 22nd. They set a "neutral" rating and a $78.00 price objective for the company. Wall Street Zen raised shares of Sysco from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. UBS Group set a $90.00 price target on shares of Sysco in a research note on Wednesday, July 30th. Finally, 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. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $85.69.

Insiders Place Their Bets

In other Sysco news, EVP Ronald L. Phillips sold 37,606 shares of Sysco stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total value of $3,046,086.00. Following the transaction, the executive vice president directly owned 30,235 shares in the company, valued at approximately $2,449,035. The trade was a 55.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of Sysco 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,377 shares of company stock worth $7,361,490. 0.54% of the stock is currently owned by company 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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