Sysco (NYSE:SYY) Director Buys $191,550.00 in Stock

Key Points

• Director Thomas Gerard Ondrof bought 2,500 Sysco shares at $76.62 each, investing $191,550 and establishing a 2,500-share position.
• Sysco reported quarterly EPS of $1.19, matching estimates, while revenue of $21.74 billion fell short of the $22.02 billion consensus; revenue rose 2.8% year over year.
• Shares traded at $75.14 after falling $1.80. Sysco’s quarterly dividend is $0.55 per share, equivalent to a 2.9% yield, and analysts’ average price target is $91.33.

Sysco Corporation (NYSE:SYY - Get Free Report) Director Thomas Gerard Ondrof purchased 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, November 4th. The stock was bought at an average price of $76.62 per share, for a total transaction of $191,550.00. Following the transaction, the director directly owned 2,500 shares of the company's stock, valued at $191,550. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Sysco Price Performance

SYY stock traded down $1.80 during midday trading on Thursday, reaching $75.14. The company had a trading volume of 4,722,262 shares, compared to its average volume of 4,032,702. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The stock has a 50 day moving average price of $80.17 and a 200-day moving average price of $80.51. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.46 and a quick ratio of 0.77. The company has a market capitalization of $36.96 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 2.08 and a beta of 0.66.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.19. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $22.02 billion. Sysco had a net margin of 2.12% and a return on equity of 79.24%. The business's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 earnings per share. Equities research analysts expect that Sysco Corporation will post 5.09 earnings per share for the current year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 2nd were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, October 2nd. Sysco's payout ratio is currently 60.11%.

Wall Street Analyst Weigh In

SYY has been the topic of several recent analyst reports. UBS Group lifted their price target on Sysco from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Sanford C. Bernstein restated a "market perform" rating on shares of Sysco in a research report on Wednesday. Wall Street Zen lowered Sysco from a "buy" rating to a "hold" rating in a research note on Saturday, October 24th. BMO Capital Markets raised their price objective on Sysco from $90.00 to $98.00 in a research note on Wednesday, August 5th. Finally, Guggenheim reiterated a "buy" rating and issued a $90.00 target price on shares of Sysco in a research report on Wednesday, September 16th. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $91.33.

Key Sysco News

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Sysco’s local case volume grew 2.7% in fiscal Q1, and its AI transformation is aimed at generating $100 million in savings in fiscal 2027. Sysco: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: UBS said execution remains on track despite first-quarter challenges, offering a supportive view of the company’s operating performance. Sysco's Execution Remains on Track Amid Fiscal Q1 Challenges, UBS Says
• Neutral Sentiment: Sysco kicked off its annual Purpose Month focused on food insecurity and continued its partnership with Happy Day Brands; the announcement may support its reputation but is not a clear near-term earnings catalyst. Sysco Kicks Off 4th Annual Purpose Month
• Negative Sentiment: Fiscal Q1 EPS met expectations, but revenue missed estimates, and softer sales guidance sparked concern about near-term growth. Reports linked the earnings release to a sharp share decline. Sysco retreats on revenue miss and softer sales guidance
• Negative Sentiment: The proposed $29.1 billion Jetro Restaurant Depot acquisition remains subject to FTC clearance, creating regulatory and cost uncertainty. An investor notice also reported a pending investigation related to the deal. Sysco Investigation Notice
• Negative Sentiment: JPMorgan lowered its price target to $92 from $95, a less favorable revision even though the new target remains above the recent share price. JPMorgan Adjusts Price Target on Sysco

Institutional Investors Weigh In On Sysco

Institutional investors have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund lifted its stake in Sysco by 5.0% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 210,442 shares of the company's stock valued at $16,406,000 after acquiring an additional 10,093 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. boosted its position in Sysco by 11.0% in the third quarter. Woodley Farra Manion Portfolio Management Inc. now owns 65,669 shares of the company's stock worth $5,120,000 after purchasing an additional 6,533 shares during the last quarter. Lido Advisors LLC grew its position in Sysco by 8.7% during the third quarter. Lido Advisors LLC now owns 24,600 shares of the company's stock valued at $1,918,000 after buying an additional 1,974 shares during the period. Keybank National Association OH increased its stake in shares of Sysco by 4.2% during the 3rd quarter. Keybank National Association OH now owns 21,017 shares of the company's stock worth $1,638,000 after purchasing an additional 846 shares during the last quarter. Finally, D.B. Root & Company LLC increased its position in Sysco by 1.9% in the third quarter. D.B. Root & Company LLC now owns 6,974 shares of the company's stock worth $544,000 after buying an additional 131 shares during the last quarter. 83.41% of the stock is owned by institutional investors.

Sysco Company Profile

Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.

The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.

Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.

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