Triton Financial Group Inc Purchases New Holdings in Sysco Corporation $SYY

Key Points

• Triton Financial Group Inc acquired a new stake of 15,563 shares in Sysco Corporation valued at approximately $1,179,000 during the 2nd quarter.
• Sysco reported $1.48 earnings per share for the most recent quarter, exceeding analyst estimates of $1.39, and has set its FY 2026 guidance between 4.500-4.600 EPS.
• The company declared a quarterly dividend of $0.54 per share, with an annualized yield of 2.7%, to be paid on October 24th.

Triton Financial Group Inc purchased a new stake in Sysco Corporation (NYSE:SYY - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 15,563 shares of the company's stock, valued at approximately $1,179,000.

Several other institutional investors have also recently added to or reduced their stakes in SYY. Invesco Ltd. boosted its holdings in Sysco by 1.0% in the 1st quarter. Invesco Ltd. now owns 17,070,502 shares of the company's stock valued at $1,280,970,000 after purchasing an additional 162,961 shares in the last quarter. Boston Partners boosted its holdings in Sysco by 24.8% in 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 in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Sysco by 2.0% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 7,353,551 shares of the company's stock valued at $551,810,000 after purchasing an additional 146,573 shares in the last quarter. Northern Trust Corp boosted its holdings in Sysco by 2.6% in the 1st quarter. Northern Trust Corp now owns 5,828,930 shares of the company's stock valued at $437,403,000 after purchasing an additional 145,477 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Sysco by 8.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,087,250 shares of the company's stock valued at $381,747,000 after purchasing an additional 391,614 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Sysco Price Performance

SYY stock opened at $79.88 on Tuesday. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47. 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 stock's 50 day moving average price is $80.74 and its 200 day moving average price is $76.62. The firm has a market cap of $38.22 billion, a P/E ratio of 21.42, a PEG ratio of 2.47 and a beta of 0.82.

Sysco (NYSE:SYY - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $21.14 billion for the quarter, compared to analyst estimates of $21.01 billion. During the same quarter in the prior year, the company earned $1.39 EPS. Sysco'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 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. Investors of record on Friday, October 3rd will be paid 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 yield of 2.7%. Sysco's dividend payout ratio is presently 57.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Guggenheim lifted their price objective on Sysco from $87.00 to $89.00 and gave the company a "buy" rating in a report on Monday, October 6th. Barclays lifted their price objective on Sysco from $77.00 to $82.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. UBS Group set a $90.00 price target on Sysco in a research note on Wednesday, July 30th. Wall Street Zen raised Sysco from a "hold" rating to a "buy" rating in a research note on Saturday, October 11th. Finally, Truist Financial boosted their price target on Sysco from $81.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $86.46.

Insider Transactions at Sysco

In related news, EVP Ronald L. Phillips sold 961 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the sale, the executive vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 52,338 shares of company stock valued at $4,239,331. 0.56% of the stock is currently owned by corporate insiders.

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.

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