Sysco Corporation $SYY Holdings Raised by Blair William & Co. IL

Blair William & Co. IL lifted its stake in Sysco Corporation (NYSE:SYY) by 4.4% in the second quarter, HoldingsChannel reports. The firm owned 196,995 shares of the company’s stock after purchasing an additional 8,372 shares during the period. Blair William & Co. IL’s holdings in Sysco were worth $14,920,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Boyd Watterson Asset Management LLC OH increased its position in shares of Sysco by 106.4% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company’s stock worth $236,000 after acquiring an additional 1,622 shares in the last quarter. Gradient Investments LLC grew its position in Sysco by 9.2% during the 2nd quarter. Gradient Investments LLC now owns 189,169 shares of the company’s stock worth $14,328,000 after purchasing an additional 15,906 shares in the last quarter. Beacon Financial Group raised its stake in Sysco by 55.5% during the 2nd quarter. Beacon Financial Group now owns 9,955 shares of the company’s stock valued at $754,000 after purchasing an additional 3,554 shares during the period. Shell Asset Management Co. lifted its holdings in shares of Sysco by 31.6% in the second quarter. Shell Asset Management Co. now owns 19,218 shares of the company’s stock valued at $1,456,000 after purchasing an additional 4,620 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Sysco by 2.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 223,510 shares of the company’s stock worth $16,772,000 after buying an additional 4,932 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Price Performance

Shares of SYY opened at $78.44 on Friday. 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 firm has a market cap of $37.53 billion, a PE ratio of 21.03, a PEG ratio of 2.42 and a beta of 0.82. The firm’s 50 day moving average price is $80.81 and its 200 day moving average price is $76.37. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.39 by $0.09. The company had revenue of $21.14 billion for the quarter, compared to analyst estimates of $21.01 billion. Sysco had a net margin of 2.25% and a return on equity of 109.52%. Sysco’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, research analysts expect 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 2.8%. Sysco’s payout ratio is currently 57.91%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SYY shares. Bank of America upped their price target on Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Truist Financial increased their price target on shares of Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Wall Street Zen upgraded shares of Sysco from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company set a $88.00 price objective on shares of Sysco and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Finally, UBS Group set a $90.00 target price on shares of Sysco in a research report on Wednesday, July 30th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $85.85.

Insider Activity

In other news, EVP Ronald L. Phillips sold 961 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $81.00, for a total transaction of $77,841.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Greg D. Bertrand sold 40,000 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president owned 56,304 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders have sold 92,338 shares of company stock valued at $7,439,331. 0.54% of the stock is currently owned by corporate insiders.

About Sysco

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.