Sysco Corporation $SYY Shares Purchased by DMKC Advisory Services LLC

Key Points

• DMKC Advisory Services LLC increased its holdings in Sysco Corporation by 52.4% during the second quarter, now owning 34,991 shares valued at approximately $2.73 million.
• Sysco's recent earnings report showed $1.48 EPS, surpassing expectations, with revenues of $21.14 billion, representing a year-over-year growth of 2.8%.
• The company declared a quarterly dividend of $0.54 per share, indicating a 2.6% yield and a payout ratio of 57.91%.

DMKC Advisory Services LLC raised its holdings in Sysco Corporation (NYSE:SYY - Free Report) by 52.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,991 shares of the company's stock after buying an additional 12,024 shares during the quarter. Sysco comprises 1.4% of DMKC Advisory Services LLC's holdings, making the stock its 25th largest position. DMKC Advisory Services LLC's holdings in Sysco were worth $2,726,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SYY. Riverview Trust Co grew its position in Sysco by 169.7% during the 2nd quarter. Riverview Trust Co now owns 2,543 shares of the company's stock worth $193,000 after purchasing an additional 1,600 shares during the last quarter. Parsons Capital Management Inc. RI lifted its stake in shares of Sysco by 186.2% during the second quarter. Parsons Capital Management Inc. RI now owns 67,127 shares of the company's stock worth $5,084,000 after buying an additional 43,672 shares during the period. Pure Financial Advisors LLC purchased a new position in Sysco in the 2nd quarter worth $257,000. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of Sysco in the second quarter valued at about $6,306,000. Finally, BSW Wealth Partners lifted its stake in Sysco by 2.3% during the 2nd quarter. BSW Wealth Partners now owns 6,449 shares of the company's stock valued at $488,000 after acquiring an additional 146 shares during the period. Institutional investors and hedge funds own 83.41% of the company's stock.

Sysco Stock Performance

Shares of NYSE:SYY opened at $82.85 on Thursday. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. The business's 50 day moving average price is $80.75 and its 200-day moving average price is $75.98. The firm has a market capitalization of $40.16 billion, a PE ratio of 22.21, a P/E/G ratio of 2.55 and a beta of 0.82. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.24.

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, beating analysts' consensus estimates of $1.39 by $0.09. The company had revenue of $21.14 billion for the quarter, compared to analyst estimates of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The firm's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

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

Insider Activity at Sysco

In related news, 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 transaction, the executive vice president owned 56,304 shares in the company, valued at approximately $4,504,320. This trade represents a 41.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ronald L. Phillips sold 37,606 shares of Sysco 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 transaction, the executive vice president owned 30,235 shares in the company, valued at approximately $2,449,035. The trade was a 55.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,338 shares of company stock worth $7,439,331. Insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SYY shares. Guggenheim lifted their target price on shares of Sysco from $85.00 to $87.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. UBS Group set a $90.00 target price on shares of Sysco in a research note on Wednesday, July 30th. Bank of America increased their target price on shares of Sysco from $81.00 to $93.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Truist Financial upped their price target on Sysco from $81.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Morgan Stanley boosted their price objective on Sysco from $72.00 to $77.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Sysco has a consensus rating of "Moderate Buy" and a consensus target price 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.

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