Clifford Swan Investment Counsel LLC Acquires 8,374 Shares of Sysco Corporation $SYY

Clifford Swan Investment Counsel LLC increased its holdings in shares of Sysco Corporation (NYSE:SYY) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 276,196 shares of the company’s stock after purchasing an additional 8,374 shares during the period. Clifford Swan Investment Counsel LLC owned approximately 0.06% of Sysco worth $22,742,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SYY. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Sysco during the 3rd quarter worth approximately $25,000. Harbor Capital Advisors Inc. grew its holdings in Sysco by 75.0% in the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares during the period. Peterson Wealth Services grew its holdings in Sysco by 875.7% in the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after purchasing an additional 324 shares during the period. Darwin Wealth Management LLC bought a new stake in Sysco in the second quarter valued at $31,000. Finally, Vermillion & White Wealth Management Group LLC raised its holdings 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 purchasing an additional 204 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SYY has been the subject of a number of research analyst reports. Barclays boosted their target price on Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. upped their target price on Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Wells Fargo & Company increased their target price on Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Jefferies Financial Group boosted their price target on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, UBS Group raised their price objective on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.31.

Sysco Price Performance

SYY opened at $89.13 on Friday. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $91.85. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75. The company has a market capitalization of $42.69 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 2.77 and a beta of 0.61. The firm’s fifty day moving average price is $80.70 and its two-hundred day moving average price is $79.04.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 27th. The company reported $0.99 EPS 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 company had revenue of $20.76 billion during the quarter, compared to the consensus estimate of $20.80 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Thursday, April 2nd will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, April 2nd. Sysco’s payout ratio is presently 58.06%.

Insider Activity at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the company’s 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 completion of the transaction, the executive vice president owned 35,965 shares in the company, valued at $2,913,165. This represents a 13.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $232,454.99. Following the sale, the director owned 12,868 shares in the company, valued at $1,067,915.32. The trade was a 17.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.56% of the company’s stock.

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.