Blair William & Co. IL Acquires 10,910 Shares of Sysco Corporation $SYY

Blair William & Co. IL increased its stake in shares of Sysco Corporation (NYSE:SYY) by 5.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 207,905 shares of the company’s stock after acquiring an additional 10,910 shares during the period. Blair William & Co. IL’s holdings in Sysco were worth $17,119,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. acquired a new stake in Sysco in the 3rd quarter valued at about $25,000. Harbor Capital Advisors Inc. boosted its stake 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 during the period. Peterson Wealth Services boosted its position in shares of Sysco by 875.7% in the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after acquiring an additional 324 shares during the period. Darwin Wealth Management LLC bought a new stake in Sysco in the 2nd quarter valued at about $31,000. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in shares of Sysco by 94.9% in 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. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Trading Down 0.6%

SYY opened at $85.30 on Monday. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $91.85. The firm has a market capitalization of $40.85 billion, a PE ratio of 22.93, a P/E/G ratio of 2.65 and a beta of 0.58. 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’s 50-day moving average is $82.35 and its 200 day moving average is $79.34.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The business had revenue of $20.76 billion during the quarter, compared to the consensus estimate of $20.80 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company’s quarterly revenue 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, research analysts predict that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

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 dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, April 2nd. Sysco’s payout ratio is presently 58.06%.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the business’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 sale, the executive vice president directly owned 35,965 shares in the company, valued at $2,913,165. The trade was a 13.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the sale, the director owned 12,868 shares in the company, valued at $1,067,915.32. This represents a 17.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is currently owned by insiders.

Analyst Ratings Changes

SYY has been the topic of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a research note on Wednesday, January 28th. Guggenheim restated a “buy” rating on shares of Sysco in a research report on Thursday. Weiss Ratings upgraded shares of Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 24th. Citigroup increased their price target on Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Finally, Morgan Stanley lowered their target price on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.31.

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.