First Horizon Advisors Inc. Increases Stock Holdings in Sysco Corporation $SYY

First Horizon Advisors Inc. lifted its stake in shares of Sysco Corporation (NYSE:SYY) by 19.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,840 shares of the company’s stock after buying an additional 2,571 shares during the quarter. First Horizon Advisors Inc.’s holdings in Sysco were worth $1,200,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Facet Wealth Inc. boosted its stake in Sysco by 1.2% in the second quarter. Facet Wealth Inc. now owns 10,671 shares of the company’s stock valued at $849,000 after acquiring an additional 131 shares in the last quarter. Ellis Investment Partners LLC lifted 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 during the last quarter. Stephens Inc. AR boosted its position in shares of Sysco by 0.6% in the 2nd quarter. Stephens Inc. AR now owns 25,040 shares of the company’s stock valued at $1,897,000 after purchasing an additional 140 shares during the period. Trust Co of the South grew its stake in Sysco by 3.0% during the 2nd quarter. Trust Co of the South now owns 4,849 shares of the company’s stock worth $367,000 after buying an additional 142 shares during the last quarter. Finally, NorthRock Partners LLC grew its stake in Sysco by 2.2% during the 2nd quarter. NorthRock Partners LLC now owns 6,514 shares of the company’s stock worth $493,000 after buying an additional 142 shares during the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SYY has been the subject of several research analyst reports. Barclays increased their price objective on Sysco from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Truist Financial increased their price target on shares of Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Guggenheim lifted their price objective on shares of Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Citigroup reduced their target price on shares of Sysco from $86.00 to $82.00 and set a “neutral” rating for the company in a report on Monday. Finally, Bank of America raised their price target on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Insider Buying and Selling at Sysco

In related news, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the sale, the executive vice president directly owned 41,501 shares in the company, valued at $3,361,581. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 14,732 shares of company stock valued at $1,193,245 in the last quarter. 0.56% of the stock is owned by insiders.

Sysco Stock Down 0.4%

SYY stock opened at $72.88 on Friday. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47. The stock has a market capitalization of $34.90 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.70 and a current ratio of 1.15. The company has a fifty day moving average of $79.54 and a 200-day moving average of $77.04.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. The business had revenue of $21.15 billion for the quarter, compared to analyst estimates of $21.03 billion. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, analysts expect that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 3rd were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, October 3rd. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

Sysco Profile

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.