Northside Capital Management LLC Takes $1.06 Million Position in Sysco Corporation $SYY

Key Points

• Northside Capital Management LLC invested approximately $1.06 million to acquire 13,970 shares of Sysco Corporation during the second quarter.
• Sysco's recent quarterly earnings report showed an EPS of $1.48, exceeding analyst expectations, with a revenue of $21.14 billion for the quarter.
• The company declared a quarterly dividend of $0.54 per share, representing a 2.6% yield, set to be paid on October 24th.

Northside Capital Management LLC purchased a new stake in Sysco Corporation (NYSE:SYY - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,970 shares of the company's stock, valued at approximately $1,058,000.

Other hedge funds and other institutional investors also recently modified their holdings of 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 purchasing an additional 217 shares during the period. Golden State Wealth Management LLC raised its position in shares of Sysco by 48.4% in the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock valued at $32,000 after purchasing an additional 140 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Sysco in the first quarter valued at approximately $33,000. Capital A Wealth Management LLC bought a new stake in shares of Sysco in the fourth quarter valued at approximately $34,000. Finally, Cheviot Value Management LLC bought a new stake in shares of Sysco in the first quarter valued at approximately $34,000. Institutional investors own 83.41% of the company's stock.

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 company'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 completion of the sale, the executive vice president directly owned 56,304 shares of the company's stock, valued at $4,504,320. This trade represents 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. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SYY shares. Truist Financial upped their target price on shares of Sysco from $81.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Guggenheim upped their target price on shares of Sysco from $85.00 to $87.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. UBS Group set a $90.00 target price on shares of Sysco in a report on Wednesday, July 30th. Wells Fargo & Company set a $88.00 target price on shares of Sysco and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Finally, Bank of America upped their target price on shares of Sysco from $81.00 to $93.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sysco has an average rating of "Moderate Buy" and an average target price of $85.69.

Sysco Price Performance

SYY stock opened at $82.19 on Wednesday. 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 one year low of $67.12 and a one year high of $83.24. The stock has a market cap of $39.84 billion, a PE ratio of 22.04, a P/E/G ratio of 2.52 and a beta of 0.80. The firm has a 50 day simple moving average of $80.38 and a two-hundred day simple moving average of $75.67.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping 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 business had revenue of $21.14 billion during the quarter, compared to analysts' expectations of $21.01 billion. During the same quarter in the previous year, the company earned $1.39 EPS. The business's quarterly revenue was up 2.8% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, analysts predict that Sysco Corporation will post 4.58 EPS 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 2.6%. The ex-dividend date of this dividend is Friday, October 3rd. Sysco's payout ratio is currently 57.91%.

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.

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