Retirement Planning Co of New England Inc. Takes $772,000 Position in Sysco Corporation $SYY

Key Points

• Retirement Planning Co of New England Inc. has acquired a new stake in Sysco Corporation valued at approximately $772,000, purchasing 10,282 shares in the first quarter.
• Sysco recently reported a quarterly earnings per share (EPS) of $1.48, exceeding analysts' expectations, and has provided fiscal year 2026 guidance of 4.500-4.600 EPS.
• The company announced a quarterly dividend of $0.54 per share, which will be paid on October 24, representing an annual yield of 2.7%.

Retirement Planning Co of New England Inc. bought a new stake in Sysco Corporation (NYSE:SYY - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,282 shares of the company's stock, valued at approximately $772,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC increased its holdings in Sysco by 188.7% in the 1st 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 last quarter. Golden State Wealth Management LLC increased its holdings in Sysco by 48.4% in the 1st 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 last quarter. N.E.W. Advisory Services LLC acquired a new stake in Sysco in the 1st quarter valued at approximately $33,000. Capital A Wealth Management LLC acquired a new stake in Sysco in the 4th quarter valued at approximately $34,000. Finally, Ameriflex Group Inc. acquired a new stake in Sysco in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 83.41% of the company's stock.

Insiders Place Their Bets

In related news, EVP Greg D. Bertrand sold 40,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value 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. The trade was a 41.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ronald L. Phillips sold 6,286 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $81.00, for a total transaction of $509,166.00. Following the completion of the sale, the executive vice president directly owned 34,404 shares of the company's stock, valued at approximately $2,786,724. This trade represents a 15.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,026 shares of company stock valued at $6,766,059. 0.54% of the stock is owned by corporate insiders.

Sysco Stock Up 0.5%

Shares of Sysco stock traded up $0.39 during trading on Wednesday, hitting $80.94. 3,969,713 shares of the stock were exchanged, compared to its average volume of 2,910,471. The stock has a market cap of $39.23 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 2.49 and a beta of 0.80. The firm's 50-day moving average price is $78.87 and its 200 day moving average price is $74.85. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $82.64. 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 released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.09. The business had revenue of $21.14 billion during the quarter, compared to analysts' expectations of $21.01 billion. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The company's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, analysts forecast that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 3rd. Sysco's payout ratio is 57.91%.

Analyst Ratings Changes

SYY has been the subject of several research reports. Morgan Stanley lifted their target price on shares of Sysco from $72.00 to $77.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. UBS Group set a $90.00 price target on shares of Sysco in a research note on Wednesday, July 30th. Guggenheim boosted their price target 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. Barclays boosted 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. Finally, Truist Financial boosted their price target on shares of Sysco from $81.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $85.69.

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.