Walter Public Investments Inc. Acquires 9,928 Shares of Sysco Corporation $SYY

Key Points

• Walter Public Investments Inc. increased its position in Sysco Corporation by 6.0%, now holding 176,751 shares valued at approximately $13.39 million, which represents 2.3% of its investment portfolio.
• Sysco recently announced a quarterly dividend of $0.54 per share, translating to an annual yield of 2.6%, with the payment set for October 24th.
• Analysts generally have a positive outlook on Sysco, with a consensus rating of "Moderate Buy" and a target price around $85.69, reflecting expectations of strong future earnings.

Walter Public Investments Inc. grew its position in shares of Sysco Corporation (NYSE:SYY - Free Report) by 6.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 176,751 shares of the company's stock after acquiring an additional 9,928 shares during the quarter. Sysco comprises about 2.3% of Walter Public Investments Inc.'s investment portfolio, making the stock its 26th largest holding. Walter Public Investments Inc.'s holdings in Sysco were worth $13,387,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. NorthCrest Asset Manangement LLC boosted its stake in shares of Sysco by 4.9% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 2,956 shares of the company's stock worth $226,000 after buying an additional 139 shares during the last quarter. Golden State Wealth Management LLC grew its position in Sysco by 48.4% during the 1st 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. Trust Co of the South boosted its stake in shares of Sysco by 3.0% during the 2nd quarter. Trust Co of the South now owns 4,849 shares of the company's stock worth $367,000 after acquiring an additional 142 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in Sysco by 1.6% in the 1st quarter. Chicago Partners Investment Group LLC now owns 8,898 shares of the company's stock worth $627,000 after purchasing an additional 143 shares in the last quarter. Finally, One Wealth Advisors LLC increased its holdings in shares of Sysco by 3.3% during the 1st quarter. One Wealth Advisors LLC now owns 4,698 shares of the company's stock worth $353,000 after buying an additional 151 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Insider Buying and Selling

In other news, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction 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 transaction, the executive vice president directly owned 41,501 shares in the company, valued at approximately $3,361,581. This trade represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the sale, the executive vice president owned 56,304 shares of the company's stock, valued at $4,504,320. This trade represents a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,338 shares of company stock valued at $7,439,331 over the last three months. 0.54% of the stock is owned by corporate insiders.

Sysco Trading Up 0.6%

SYY stock traded up $0.49 during trading on Friday, hitting $82.42. The company had a trading volume of 7,527,001 shares, compared to its average volume of 2,871,928. The stock has a market cap of $39.95 billion, a PE ratio of 22.10, a PEG ratio of 2.55 and a beta of 0.80. Sysco Corporation has a one year low of $67.12 and a one year high of $83.24. The business has a 50-day moving average of $80.19 and a 200-day moving average of $75.59. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.09. The company had revenue of $21.14 billion during the quarter, compared to the consensus estimate 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 prior year, the company earned $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Research analysts predict that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be paid a dividend of $0.54 per share. 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 2.6%. Sysco's dividend payout ratio is presently 57.91%.

Analysts Set New Price Targets

Several research firms have recently issued reports on SYY. Wall Street Zen cut shares of Sysco from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Barclays increased their price objective on shares of Sysco from $77.00 to $82.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Morgan Stanley boosted their target price on shares of Sysco from $72.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Finally, Bank of America boosted their price objective 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. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Sysco currently 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.