Woodley Farra Manion Portfolio Management Inc. Makes New Investment in Sysco Corporation $SYY

Woodley Farra Manion Portfolio Management Inc. acquired a new stake in Sysco Corporation (NYSE:SYY) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 55,832 shares of the company’s stock, valued at approximately $4,229,000.

Other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC lifted its holdings in shares of Sysco by 128.7% during the second quarter. Intech Investment Management LLC now owns 51,012 shares of the company’s stock valued at $3,864,000 after acquiring an additional 28,702 shares during the period. Cetera Investment Advisers lifted its holdings in Sysco by 16.3% during the 2nd quarter. Cetera Investment Advisers now owns 372,901 shares of the company’s stock valued at $28,244,000 after purchasing an additional 52,158 shares during the last quarter. Creative Planning grew its stake in Sysco by 40.2% during the second quarter. Creative Planning now owns 245,093 shares of the company’s stock worth $18,563,000 after buying an additional 70,221 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Sysco by 707.3% during the second quarter. SG Americas Securities LLC now owns 243,148 shares of the company’s stock worth $18,416,000 after buying an additional 213,030 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Sysco by 6.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 118,888 shares of the company’s stock valued at $9,005,000 after acquiring an additional 7,007 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Price Performance

Shares of SYY opened at $74.66 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 5.54. The stock has a market cap of $35.75 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. The stock’s 50-day moving average price is $78.80 and its two-hundred day moving average price is $77.18. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. The firm had revenue of $21.15 billion during the quarter, compared to analysts’ expectations of $21.03 billion. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.16 annualized dividend and a dividend yield of 2.9%. Sysco’s dividend payout ratio is currently 57.91%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barclays raised their price target on Sysco from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Morgan Stanley set a $88.00 price objective on shares of Sysco in a research report on Tuesday, October 21st. Guggenheim increased their price target 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. Wells Fargo & Company set a $88.00 price objective on Sysco and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Finally, UBS Group set a $90.00 target price on Sysco in a research note on Wednesday, July 30th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $87.00.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 961 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were 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 of the company’s stock, valued at approximately $3,361,581. The trade was a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by insiders.

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.