Sysco Corporation $SYY Stock Holdings Increased by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC increased its holdings in Sysco Corporation by 7.9% during the 1st quarter, now owning 79,650 shares valued at approximately $5.98 million.
• Other significant institutional investors, including Boston Partners and Canoe Financial LP, also raised their positions in Sysco, with Canoe's stake increasing by an astonishing 29,610.4%.
• Sysco announced a quarterly dividend of $0.54 per share, representing an annualized yield of 2.7%, with a payout ratio of approximately 57.91%.

Kestra Advisory Services LLC raised its holdings in shares of Sysco Corporation (NYSE:SYY - Free Report) by 7.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,650 shares of the company's stock after acquiring an additional 5,813 shares during the period. Kestra Advisory Services LLC's holdings in Sysco were worth $5,977,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Boston Partners increased its position in shares of Sysco by 24.8% during the 1st quarter. Boston Partners now owns 15,199,828 shares of the company's stock valued at $1,139,798,000 after purchasing an additional 3,015,714 shares during the period. Canoe Financial LP increased its position in shares of Sysco by 29,610.4% during the 1st quarter. Canoe Financial LP now owns 1,431,149 shares of the company's stock valued at $107,393,000 after purchasing an additional 1,426,332 shares during the period. Nuveen LLC acquired a new position in shares of Sysco during the 1st quarter valued at $85,341,000. Burgundy Asset Management Ltd. increased its position in shares of Sysco by 251.6% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,452,073 shares of the company's stock valued at $111,026,000 after purchasing an additional 1,039,088 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Sysco by 9,792.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 980,616 shares of the company's stock worth $74,978,000 after acquiring an additional 970,703 shares during the last quarter. Institutional investors own 83.41% of the company's stock.

Sysco Price Performance

Shares of NYSE:SYY opened at $79.3370 on Tuesday. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $82.64. The business has a 50-day moving average of $78.23 and a two-hundred day moving average of $74.49. The stock has a market capitalization of $38.46 billion, a P/E ratio of 21.27, a P/E/G ratio of 2.49 and a beta of 0.83. 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 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. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The company had revenue of $21.14 billion during the quarter, compared to analysts' expectations of $21.01 billion. During the same quarter in the previous year, the firm earned $1.39 earnings per share. The business's quarterly revenue was up 2.8% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities research analysts predict that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. Sysco's payout ratio is currently 57.91%.

Analyst Ratings Changes

A number of brokerages recently issued reports on SYY. Barclays lifted their target price on Sysco from $77.00 to $82.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Bank of America lifted their price target on Sysco from $81.00 to $93.00 and gave the company a "buy" rating in a report on Friday, July 18th. UBS Group set a $90.00 price target on Sysco in a report on Wednesday, July 30th. BMO Capital Markets reduced their price objective on Sysco from $82.00 to $77.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Morgan Stanley lifted 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 investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Sysco currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.69.

Insider Transactions at Sysco

In other news, EVP Ronald L. Phillips sold 37,606 shares of Sysco stock in a transaction dated 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 directly owned 30,235 shares in the company, valued at approximately $2,449,035. The trade was a 55.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction dated 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 owned 56,304 shares in the company, valued at $4,504,320. The trade was a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,026 shares of company stock worth $6,766,059 over the last quarter. 0.54% of the stock is currently owned by corporate 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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