FLC Capital Advisors Invests $284,000 in Sysco Corporation $SYY

FLC Capital Advisors purchased a new stake in shares of Sysco Corporation (NYSE:SYY) during the second quarter, HoldingsChannel.com reports. The fund purchased 3,751 shares of the company’s stock, valued at approximately $284,000.

A number of other institutional investors have also recently made changes to their positions in SYY. Chung Wu Investment Group LLC purchased a new position in shares of Sysco in the second quarter worth approximately $30,000. Golden State Wealth Management LLC raised its stake 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 acquiring an additional 140 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Sysco during the 1st quarter worth approximately $33,000. Cheviot Value Management LLC bought a new stake in Sysco during the 1st quarter worth approximately $34,000. Finally, 1248 Management LLC bought a new stake in Sysco during the 1st quarter worth approximately $35,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Trading Up 1.4%

Shares of SYY opened at $79.92 on Monday. The company’s fifty day moving average is $80.73 and its 200 day moving average is $76.56. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. The stock has a market capitalization of $38.24 billion, a PE ratio of 21.42, a P/E/G ratio of 2.47 and a beta of 0.82. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21.

Sysco (NYSE:SYY) last announced 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. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The company had revenue of $21.14 billion for the quarter, compared to analysts’ expectations of $21.01 billion. During the same quarter in the previous year, the business posted $1.39 earnings per share. Sysco’s quarterly revenue was up 2.8% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Sell-side analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, October 3rd. Sysco’s payout ratio is currently 57.91%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SYY. 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 report on Monday, July 14th. Bank of America boosted their target price on shares of Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Wall Street Zen raised shares of Sysco from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Truist Financial boosted 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. Finally, Weiss Ratings downgraded shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.46.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction on Tuesday, July 22nd. The shares were 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 directly owned 56,304 shares of the company’s stock, valued at $4,504,320. The trade was a 41.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ronald L. Phillips sold 37,606 shares of Sysco stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the transaction, the executive vice president directly owned 30,235 shares of the company’s stock, valued at $2,449,035. The trade was a 55.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,338 shares of company stock valued at $7,439,331 over the last ninety days. 0.56% of the stock is owned by 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.