TrueMark Investments LLC Buys Shares of 37,106 Sysco Corporation $SYY

TrueMark Investments LLC bought a new stake in Sysco Corporation (NYSE:SYY) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 37,106 shares of the company’s stock, valued at approximately $2,810,000.

A number of other large investors have also recently modified their holdings of the business. Ellis Investment Partners LLC boosted its holdings in shares of Sysco by 4.9% in the 2nd quarter. Ellis Investment Partners LLC now owns 2,820 shares of the company’s stock valued at $214,000 after purchasing an additional 133 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Sysco by 48.4% during the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock valued at $32,000 after acquiring an additional 140 shares in the last quarter. Trust Co of the South boosted its holdings in shares of Sysco by 3.0% during the 2nd quarter. Trust Co of the South now owns 4,849 shares of the company’s stock valued at $367,000 after acquiring an additional 142 shares in the last quarter. NorthRock Partners LLC boosted its holdings in shares of Sysco by 2.2% during the 2nd quarter. NorthRock Partners LLC now owns 6,514 shares of the company’s stock valued at $493,000 after acquiring an additional 142 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of Sysco by 1.6% during the 1st quarter. Chicago Partners Investment Group LLC now owns 8,898 shares of the company’s stock valued at $627,000 after acquiring an additional 143 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Activity

In other news, EVP Ronald L. Phillips sold 37,606 shares of Sysco stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total value of $3,046,086.00. Following the completion of the transaction, the executive vice president directly owned 30,235 shares of the company’s stock, valued at approximately $2,449,035. This trade represents a 55.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the transaction, the executive vice president directly owned 56,304 shares of the company’s stock, valued at approximately $4,504,320. This trade represents a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,338 shares of company stock valued at $7,439,331. Corporate insiders own 0.56% of the company’s stock.

Sysco Stock Up 1.4%

Shares of SYY opened at $79.92 on Friday. The company has a market capitalization of $38.24 billion, a PE ratio of 21.42, a PEG ratio of 2.47 and a beta of 0.82. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $83.47. The stock’s 50-day moving average price is $80.73 and its two-hundred day moving average price is $76.55. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.39 by $0.09. The firm had revenue of $21.14 billion for the quarter, compared to the consensus estimate of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, analysts anticipate that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 annualized dividend and a dividend yield of 2.7%. Sysco’s dividend payout ratio (DPR) is 57.91%.

Analyst Ratings Changes

Several research firms recently weighed in on SYY. UBS Group set a $90.00 price objective on Sysco in a report on Wednesday, July 30th. Guggenheim raised their price objective on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a report on Monday, October 6th. Truist Financial raised their price objective on Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Bank of America raised their price objective on Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a report on Friday, July 18th. Finally, Barclays raised their price objective on Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.46.

About Sysco

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.