Benedict Financial Advisors Inc. Acquires 7,120 Shares of Sysco Corporation $SYY

Benedict Financial Advisors Inc. boosted its holdings in shares of Sysco Corporation (NYSE:SYY) by 12.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,193 shares of the company’s stock after purchasing an additional 7,120 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Sysco were worth $4,786,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Isthmus Partners LLC grew its stake in shares of Sysco by 0.8% in the second quarter. Isthmus Partners LLC now owns 161,113 shares of the company’s stock worth $12,203,000 after acquiring an additional 1,352 shares during the last quarter. Beacon Pointe Advisors LLC boosted its holdings in Sysco by 4.0% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 21,190 shares of the company’s stock valued at $1,605,000 after purchasing an additional 814 shares during the period. Blueshift Asset Management LLC acquired a new stake in Sysco in the 2nd quarter worth $243,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Sysco by 143.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,215,260 shares of the company’s stock worth $92,044,000 after purchasing an additional 715,663 shares during the period. Finally, Brandes Investment Partners LP raised its position in shares of Sysco by 2.6% during the second quarter. Brandes Investment Partners LP now owns 806,944 shares of the company’s stock valued at $61,118,000 after buying an additional 20,283 shares during the last quarter. 83.41% of the stock is owned by institutional investors.

Sysco Stock Down 1.9%

Shares of NYSE SYY opened at $74.46 on Wednesday. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.70 and a current ratio of 1.15. The business has a fifty day moving average of $77.43 and a two-hundred day moving average of $77.65. The stock has a market cap of $35.66 billion, a PE ratio of 19.96, a PEG ratio of 2.19 and a beta of 0.61.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business had revenue of $21.15 billion during the quarter, compared to analysts’ expectations of $21.03 billion. During the same quarter last year, the company posted $1.09 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be paid a $0.54 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. Sysco’s payout ratio is 57.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SYY shares. Weiss Ratings reissued a “hold (c)” rating on shares of Sysco in a research report on Monday. Morgan Stanley set a $88.00 price objective on Sysco in a research report on Tuesday, October 21st. Sanford C. Bernstein began coverage on Sysco in a research report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price objective on the stock. Citigroup reduced their target price on Sysco from $86.00 to $82.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Finally, Guggenheim lifted their price target on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 961 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total transaction of $77,841.00. Following the sale, the executive vice president directly owned 41,501 shares in the company, valued at $3,361,581. This represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by insiders.

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.