43,860 Shares in Sysco Corporation $SYY Purchased by Carrera Capital Advisors

Carrera Capital Advisors bought a new stake in Sysco Corporation (NYSE:SYY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 43,860 shares of the company’s stock, valued at approximately $3,611,000. Sysco accounts for 0.6% of Carrera Capital Advisors’ investment portfolio, making the stock its 28th biggest holding.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Sysco by 2.0% during 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. Geode Capital Management LLC boosted its stake in Sysco by 1.5% during the 2nd 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 during the last quarter. Norges Bank bought a new stake in Sysco in the 2nd quarter worth about $493,686,000. Charles Schwab Investment Management Inc. grew its stake in shares of Sysco by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,131,931 shares of the company’s stock worth $237,212,000 after acquiring an additional 27,693 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Sysco by 12.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,639,931 shares of the company’s stock worth $201,076,000 after purchasing an additional 283,706 shares during the period. 83.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the transaction, the executive vice president owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SYY. Piper Sandler raised their target price on Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a research report on Wednesday. Morgan Stanley lowered their target price on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. JPMorgan Chase & Co. lifted their price target on shares of Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco in a research note on Wednesday. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $89.38.

Sysco Price Performance

SYY opened at $83.85 on Friday. The business has a fifty day moving average of $75.61 and a 200 day moving average of $77.91. The company has a quick ratio of 0.65, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. The stock has a market cap of $40.16 billion, a P/E ratio of 22.54, a PEG ratio of 2.67 and a beta of 0.61. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $85.33.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. The company had revenue of $20.76 billion for the quarter, compared to the consensus estimate of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, sell-side analysts anticipate that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.6%. Sysco’s dividend payout ratio is presently 58.06%.

About Sysco

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.