Sysco Corporation $SYY Shares Purchased by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in Sysco Corporation by 4.4%, now owning 196,995 shares valued at approximately $14.9 million.
• Multiple institutional investors, including Boyd Watterson Asset Management, have raised their positions in Sysco, indicating strong confidence, with 83.41% of the stock held by such entities.
• Analysts have mixed views on Sysco, with ten rating it as a "Buy" and five as a "Hold", while the stock's consensus target price is set at $85.85.

Blair William & Co. IL lifted its position in Sysco Corporation (NYSE:SYY - Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,995 shares of the company's stock after acquiring an additional 8,372 shares during the quarter. Blair William & Co. IL's holdings in Sysco were worth $14,920,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Boyd Watterson Asset Management LLC OH raised its holdings in shares of Sysco by 106.4% during the first quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company's stock worth $236,000 after purchasing an additional 1,622 shares during the period. Gradient Investments LLC grew its position in shares of Sysco by 9.2% during the 2nd quarter. Gradient Investments LLC now owns 189,169 shares of the company's stock valued at $14,328,000 after buying an additional 15,906 shares during the last quarter. Beacon Financial Group grew its position in shares of Sysco by 55.5% during the 2nd quarter. Beacon Financial Group now owns 9,955 shares of the company's stock valued at $754,000 after buying an additional 3,554 shares during the last quarter. Shell Asset Management Co. lifted its holdings in Sysco by 31.6% in the second quarter. Shell Asset Management Co. now owns 19,218 shares of the company's stock worth $1,456,000 after acquiring an additional 4,620 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Sysco by 2.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 223,510 shares of the company's stock valued at $16,772,000 after acquiring an additional 4,932 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SYY shares. Weiss Ratings cut Sysco from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday. Morgan Stanley increased their target price on Sysco from $72.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Bank of America boosted their price target on shares of Sysco from $81.00 to $93.00 and gave the company a "buy" rating in a report on Friday, July 18th. Truist Financial increased their price objective on shares of Sysco from $81.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Guggenheim boosted their target price on shares of Sysco from $87.00 to $89.00 and gave the company a "buy" rating in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.85.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the company's stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the completion of the transaction, the executive vice president directly owned 56,304 shares in the company, valued at $4,504,320. This represents a 41.54% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,338 shares of company stock valued at $7,439,331. Insiders own 0.54% of the company's stock.

Sysco Stock Performance

Shares of SYY opened at $78.44 on Friday. The firm has a market capitalization of $37.53 billion, a PE ratio of 21.03, a P/E/G ratio of 2.42 and a beta of 0.82. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75. The firm has a 50-day moving average price of $80.81 and a 200 day moving average price of $76.37. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the firm posted $1.39 earnings per share. The business's revenue was up 2.8% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, sell-side analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

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 paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 3rd. Sysco's payout ratio is currently 57.91%.

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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