CW Advisors LLC Purchases 46,083 Shares of Sysco Corporation $SYY

CW Advisors LLC boosted its position in Sysco Corporation (NYSE:SYY) by 381.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,161 shares of the company’s stock after buying an additional 46,083 shares during the quarter. CW Advisors LLC’s holdings in Sysco were worth $4,405,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Sysco by 2.0% in the second quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after purchasing an additional 1,226,381 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Sysco by 1.0% in the 1st quarter. Invesco Ltd. now owns 17,070,502 shares of the company’s stock valued at $1,280,970,000 after acquiring an additional 162,961 shares in the last quarter. Boston Partners raised its holdings in Sysco by 24.8% during the first quarter. Boston Partners now owns 15,199,828 shares of the company’s stock worth $1,139,798,000 after acquiring an additional 3,015,714 shares in the last quarter. Geode Capital Management LLC grew its stake in Sysco by 1.5% in the second quarter. Geode Capital Management LLC now owns 12,551,872 shares of the company’s stock valued at $946,694,000 after purchasing an additional 183,179 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Sysco during the 2nd quarter worth approximately $493,686,000. 83.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SYY shares. Citigroup lowered their target price on shares of Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Barclays upped their target price on shares of Sysco from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Sysco in a research report on Monday. Sanford C. Bernstein started coverage on Sysco in a research note on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 target price for the company. Finally, Guggenheim increased their price target on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sysco has an average rating of “Moderate Buy” and an average target price of $87.00.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the firm’s stock in a transaction 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 transaction, the executive vice president owned 41,501 shares in the company, valued at $3,361,581. This trade 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 corporate insiders.

Sysco Stock Down 0.5%

SYY opened at $73.11 on Friday. The stock has a fifty day moving average of $76.93 and a 200-day moving average of $77.60. The company has a market capitalization of $35.01 billion, a P/E ratio of 19.60, a P/E/G ratio of 2.41 and a beta of 0.61. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.65 and a current ratio of 1.15.

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

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 2nd will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, January 2nd. Sysco’s payout ratio is 57.91%.

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.