Sysco Corporation $SYY Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its stake in Sysco Corporation (NYSE:SYY) by 9.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 81,521 shares of the company’s stock after buying an additional 6,759 shares during the quarter. Jones Financial Companies Lllp’s holdings in Sysco were worth $6,681,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its holdings in 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 in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Sysco in the second quarter valued at approximately $31,000. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Sysco by 94.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after buying an additional 204 shares during the period. Hantz Financial Services Inc. boosted its position in Sysco by 234.3% during the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $35,000 after acquiring an additional 321 shares during the last quarter. Finally, Quaker Wealth Management LLC grew its stake in Sysco by 199.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 505 shares of the company’s stock worth $38,000 after acquiring an additional 1,015 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SYY shares. UBS Group increased their price target on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a research report on Wednesday, January 28th. Truist Financial raised their price target on Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Argus upgraded shares of Sysco to a “hold” rating in a report on Thursday, January 29th. Finally, Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.38.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 5,601 shares of the firm’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the sale, the executive vice president directly 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the sale, the director directly owned 12,868 shares in the company, valued at $1,067,915.32. This trade represents a 17.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.56% of the company’s stock.

Sysco Stock Down 0.2%

SYY opened at $84.48 on Friday. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $85.90. The firm has a 50 day moving average price of $76.29 and a 200 day moving average price of $78.09. 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 company has a market cap of $40.46 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.63 and a beta of 0.61.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 company had revenue of $20.76 billion during the quarter, compared to analyst estimates of $20.80 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The business’s quarterly 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. Sell-side analysts expect that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 2nd were issued 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 was Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is presently 58.06%.

Sysco Company 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.