Red Mountain Financial LLC Invests $221,000 in Sysco Corporation $SYY

Key Points

• Red Mountain Financial LLC has invested approximately $221,000 in Sysco Corporation, acquiring 3,098 shares during the second quarter.
• Sysco's latest quarterly earnings reported $1.48 EPS, exceeding the consensus estimate of $1.39, with revenue of $21.14 billion, indicating a 2.8% increase year-over-year.
• The company has declared a quarterly dividend of $0.54, with an annualized yield of 2.6%, set to be paid on October 24th.

Red Mountain Financial LLC purchased a new position in shares of Sysco Corporation (NYSE:SYY - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 3,098 shares of the company's stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SYY. Boston Partners raised its stake in shares of Sysco by 24.8% in the 1st quarter. Boston Partners now owns 15,199,828 shares of the company's stock valued at $1,139,798,000 after acquiring an additional 3,015,714 shares in the last quarter. Canoe Financial LP raised its stake in shares of Sysco by 29,610.4% in the 1st quarter. Canoe Financial LP now owns 1,431,149 shares of the company's stock valued at $107,393,000 after acquiring an additional 1,426,332 shares in the last quarter. Nuveen LLC bought a new position in shares of Sysco in the 1st quarter valued at approximately $85,341,000. Amundi raised its stake in shares of Sysco by 36.5% in the 1st quarter. Amundi now owns 3,725,508 shares of the company's stock valued at $280,941,000 after acquiring an additional 995,498 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Sysco by 1,940.1% in the 1st quarter. Mackenzie Financial Corp now owns 1,016,660 shares of the company's stock valued at $76,290,000 after acquiring an additional 966,826 shares in the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Price Performance

Shares of NYSE:SYY opened at $83.38 on Friday. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $83.47. The firm has a market capitalization of $40.42 billion, a PE ratio of 22.35, a PEG ratio of 2.57 and a beta of 0.82. The business's 50 day moving average is $80.82 and its 200-day moving average is $76.04. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.09. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The company had revenue of $21.14 billion for the quarter, compared to analyst estimates of $21.01 billion. During the same quarter last year, the firm earned $1.39 EPS. 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. Sell-side analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 annualized dividend and a yield of 2.6%. Sysco's payout ratio is currently 57.91%.

Analyst Ratings Changes

SYY has been the topic of a number of recent analyst reports. Wells Fargo & Company set a $88.00 price objective on Sysco and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Barclays raised their price objective on Sysco from $77.00 to $82.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Wall Street Zen downgraded Sysco from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Guggenheim raised their price objective on Sysco from $85.00 to $87.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, UBS Group set a $90.00 price target on Sysco in a report on Wednesday, July 30th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $85.69.

Insider Buying and Selling at Sysco

In related news, EVP Greg D. Bertrand sold 40,000 shares of the business'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 sale, the executive vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ronald L. Phillips sold 961 shares of the business'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 directly owned 41,501 shares in the company, valued at approximately $3,361,581. This represents a 2.26% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,338 shares of company stock worth $7,439,331. 0.54% of the stock is owned by insiders.

Sysco 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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