Signature Estate & Investment Advisors LLC Purchases Shares of 80,739 Sysco Corporation $SYY

Key Points

• Signature Estate & Investment Advisors LLC invested approximately $6.06 million in Sysco Corporation by purchasing 80,739 shares in the first quarter of the year.
• Sysco recently declared a quarterly dividend of $0.54, with a yield of 2.6%, payable on October 24th to shareholders of record on October 3rd.
• Analysts have generally rated Sysco positively, with ten analysts giving it a "Buy" rating and a consensus price target of $85.69.

Signature Estate & Investment Advisors LLC purchased a new stake in shares of Sysco Corporation (NYSE:SYY - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 80,739 shares of the company's stock, valued at approximately $6,059,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC grew its position in Sysco by 4.9% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 2,956 shares of the company's stock valued at $226,000 after acquiring an additional 139 shares during the period. Golden State Wealth Management LLC grew its position in Sysco by 48.4% during the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock valued at $32,000 after acquiring an additional 140 shares during the period. Chicago Partners Investment Group LLC grew its position in Sysco by 1.6% during the first quarter. Chicago Partners Investment Group LLC now owns 8,898 shares of the company's stock valued at $627,000 after acquiring an additional 143 shares during the period. One Wealth Advisors LLC grew its position in Sysco by 3.3% during the first quarter. One Wealth Advisors LLC now owns 4,698 shares of the company's stock valued at $353,000 after acquiring an additional 151 shares during the period. Finally, Synovus Financial Corp grew its position in Sysco by 4.5% during the first quarter. Synovus Financial Corp now owns 3,681 shares of the company's stock valued at $276,000 after acquiring an additional 157 shares during the period. Hedge funds and other institutional investors own 83.41% of the company's stock.

Insider Buying and Selling

In related news, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 56,304 shares of the company's stock, valued at $4,504,320. This represents a 41.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ronald L. Phillips sold 37,606 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total value of $3,046,086.00. Following the completion of the transaction, the executive vice president directly owned 30,235 shares of the company's stock, valued at $2,449,035. This trade represents a 55.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 91,377 shares of company stock valued at $7,361,490 over the last three months. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Sysco from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Citigroup assumed coverage on Sysco in a research report on Thursday, May 22nd. They issued a "neutral" rating and a $78.00 target price for the company. Barclays upped their target price on Sysco from $77.00 to $82.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. UBS Group set a $90.00 target price on Sysco in a research report on Wednesday, July 30th. Finally, Morgan Stanley boosted their price target on Sysco from $72.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Sysco currently has an average rating of "Moderate Buy" and a consensus price target of $85.69.

Sysco Stock Performance

Shares of Sysco stock traded down $0.60 on Wednesday, reaching $80.25. 2,135,835 shares of the company were exchanged, compared to its average volume of 2,568,599. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. The company's 50-day moving average is $79.53 and its two-hundred day moving average is $75.25. The firm has a market cap of $38.90 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 2.50 and a beta of 0.80. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $83.17.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.09. The business had revenue of $21.14 billion for the quarter, compared to analysts' expectations of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The business's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, research analysts expect 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. Investors of record on Friday, October 3rd will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 3rd. Sysco's dividend payout ratio is 57.91%.

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.