Allied Investment Advisors LLC Raises Stock Position in Sysco Corporation $SYY

Allied Investment Advisors LLC grew its position in Sysco Corporation (NYSE:SYY) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,727 shares of the company’s stock after buying an additional 7,183 shares during the period. Sysco accounts for approximately 2.0% of Allied Investment Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Allied Investment Advisors LLC’s holdings in Sysco were worth $12,329,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SYY. Harbor Capital Advisors Inc. lifted its stake in shares of Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Chung Wu Investment Group LLC purchased a new stake in Sysco in the 2nd quarter valued at about $30,000. Darwin Wealth Management LLC acquired a new position in Sysco in the second quarter valued at about $31,000. Vermillion & White Wealth Management Group LLC boosted its stake in Sysco by 94.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after buying an additional 204 shares during the period. Finally, Hantz Financial Services Inc. increased its position in shares of Sysco by 234.3% during the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $35,000 after acquiring an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total value of $453,681.00. Following the transaction, the executive vice president owned 35,965 shares of the company’s stock, valued at $2,913,165. This represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SYY. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a report on Monday, December 29th. Piper Sandler upped their price target on Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday. UBS Group lifted their price objective on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley cut their price objective on Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Finally, Truist Financial raised their target price on Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $89.38.

Sysco Stock Performance

Shares of SYY opened at $83.85 on Monday. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $85.33. The stock has a market capitalization of $40.16 billion, a PE ratio of 22.54, a PEG ratio of 2.60 and a beta of 0.61. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30. The stock has a 50-day simple moving average of $75.61 and a 200-day simple moving average of $77.92.

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

Sysco Dividend Announcement

The company also recently disclosed 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. This represents a $2.16 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, January 2nd. Sysco’s payout ratio is 58.06%.

Sysco Profile

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.