Vident Advisory LLC Buys 5,126 Shares of Sysco Corporation $SYY

Key Points

• Vident Advisory LLC increased its stake in Sysco Corporation by 58.9%, acquiring a total of 13,825 shares valued at $1,038,000 by the end of the first quarter.
• During the fourth quarter, numerous institutional investors, including DZ BANK AG, which increased its stake by 9,792.2%, contributed to a larger share of institutional investments in Sysco, totaling 83.41% ownership.
• Sysco reported earnings of $1.48 per share for the last quarter, exceeding analyst expectations and demonstrating a 2.8% year-over-year revenue growth.

Vident Advisory LLC lifted its position in Sysco Corporation (NYSE:SYY - Free Report) by 58.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,825 shares of the company's stock after purchasing an additional 5,126 shares during the quarter. Vident Advisory LLC's holdings in Sysco were worth $1,038,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SYY. Rialto Wealth Management LLC grew its holdings in shares of Sysco by 188.7% in the first quarter. Rialto Wealth Management LLC now owns 332 shares of the company's stock worth $25,000 after purchasing an additional 217 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Sysco by 48.4% during the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock worth $32,000 after purchasing an additional 140 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of Sysco during the first quarter worth about $33,000. Capital A Wealth Management LLC purchased a new stake in shares of Sysco during the fourth quarter worth about $34,000. Finally, Cheviot Value Management LLC purchased a new stake in shares of Sysco during the first quarter worth about $34,000. Institutional investors own 83.41% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SYY shares. Truist Financial increased their target price on shares of Sysco from $81.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Citigroup started coverage on shares of Sysco in a report on Thursday, May 22nd. They set a "neutral" rating and a $78.00 target price for the company. UBS Group set a $90.00 target price on shares of Sysco in a report on Wednesday, July 30th. Guggenheim increased their target price on shares of Sysco from $85.00 to $87.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sysco from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. 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, the company has a consensus rating of "Moderate Buy" and an average target price of $85.69.

Sysco Stock Down 0.1%

Shares of SYY traded down $0.06 during mid-day trading on Friday, reaching $82.45. The company had a trading volume of 2,675,007 shares, compared to its average volume of 2,683,667. 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 has a market capitalization of $39.97 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 2.55 and a beta of 0.80. The firm has a 50-day moving average price of $79.29 and a 200 day moving average price of $75.06. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.17.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $21.14 billion during 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 firm's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.39 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, sell-side analysts forecast that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

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

Insiders Place Their Bets

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction 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 owned 56,304 shares in the company, valued at approximately $4,504,320. The trade was a 41.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ronald L. Phillips sold 37,606 shares of Sysco stock in a transaction on Wednesday, July 23rd. The shares were 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 of the company's stock, valued at $2,449,035. The trade was a 55.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,377 shares of company stock valued at $7,361,490 in the last quarter. 0.54% of the stock is owned by company 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.