Sysco Corporation $SYY Shares Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its ownership in Sysco Corporation by 171.7% during the first quarter, acquiring an additional 21,312 shares, bringing their total holdings to 33,725 shares valued at approximately $2.53 million.
• Sysco reported a quarterly earnings increase, with earnings per share of $1.48, surpassing analyst estimates, and has set a full-year guidance of 4.500-4.600 EPS.
• The company declared a quarterly dividend of $0.54 per share, which will be paid on October 24th, representing an annual dividend yield of 2.7%.

Jump Financial LLC boosted its stake in Sysco Corporation (NYSE:SYY - Free Report) by 171.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,725 shares of the company's stock after purchasing an additional 21,312 shares during the period. Jump Financial LLC's holdings in Sysco were worth $2,531,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SYY. Invesco Ltd. increased its stake in shares of Sysco by 1.0% in the 1st quarter. Invesco Ltd. now owns 17,070,502 shares of the company's stock worth $1,280,970,000 after purchasing an additional 162,961 shares in the last quarter. Boston Partners boosted its holdings in shares of Sysco by 24.8% during the 1st quarter. Boston Partners now owns 15,199,828 shares of the company's stock valued at $1,139,798,000 after purchasing an additional 3,015,714 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of Sysco by 2.0% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 7,353,551 shares of the company's stock valued at $551,810,000 after purchasing an additional 146,573 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Sysco by 2.6% in the 1st quarter. Northern Trust Corp now owns 5,828,930 shares of the company's stock valued at $437,403,000 after acquiring an additional 145,477 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Sysco by 19.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,695,636 shares of the company's stock valued at $359,028,000 after acquiring an additional 777,271 shares during the last quarter. Institutional investors own 83.41% of the company's stock.

Insider Activity at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 6,286 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $81.00, for a total value of $509,166.00. Following the completion of the sale, the executive vice president directly owned 34,404 shares in the company, valued at $2,786,724. This trade represents a 15.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Greg D. Bertrand sold 40,000 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president owned 56,304 shares of the company's stock, valued at approximately $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. Over the last 90 days, insiders sold 84,026 shares of company stock valued at $6,766,059. 0.54% of the stock is owned by insiders.

Sysco Stock Up 1.2%

SYY stock traded up $0.92 during trading on Friday, hitting $80.51. 2,139,636 shares of the company's stock traded hands, compared to its average volume of 3,013,204. The firm has a market capitalization of $39.03 billion, a P/E ratio of 21.58, a PEG ratio of 2.47 and a beta of 0.83. The business has a fifty day simple moving average of $78.69 and a two-hundred day simple moving average of $74.70. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $82.64.

Sysco (NYSE:SYY - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.09. The company had revenue of $21.14 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm 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 EPS for the current year.

Sysco Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, October 3rd. Sysco's dividend payout ratio (DPR) is 57.91%.

Analyst Ratings Changes

SYY has been the subject of a number of analyst reports. Truist Financial increased their price target on shares of Sysco from $81.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. raised their price objective on shares of Sysco from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Wall Street Zen raised shares of Sysco from a "hold" rating to a "buy" rating in a research note on Saturday. Guggenheim raised their price objective on shares of Sysco from $85.00 to $87.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Wells Fargo & Company set a $88.00 price objective on shares of Sysco and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.69.

About Sysco

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.