Sanctuary Advisors LLC Acquires Shares of 79,686 Sysco Corporation $SYY

Sanctuary Advisors LLC purchased a new position in Sysco Corporation (NYSE:SYY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 79,686 shares of the company’s stock, valued at approximately $6,660,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Lloyd Advisory Services LLC. bought a new position in Sysco in the 4th quarter valued at about $25,000. Motiv8 Investments LLC acquired a new position in shares of Sysco in the 4th quarter valued at approximately $25,000. Sunbelt Securities Inc. lifted its holdings in shares of Sysco by 87.6% during the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock worth $26,000 after acquiring an additional 170 shares during the period. Torren Management LLC bought a new stake in shares of Sysco during the 4th quarter worth approximately $27,000. Finally, Bard Associates Inc. acquired a new stake in shares of Sysco during the 4th quarter worth approximately $27,000. Institutional investors own 83.41% of the company’s stock.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 6,285 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $83.94, for a total value of $527,562.90. Following the sale, the executive vice president directly owned 39,970 shares in the company, valued at $3,355,081.80. This represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.56% of the stock is currently owned by corporate insiders.

Sysco Price Performance

Sysco stock opened at $83.86 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 4.62. The company has a market capitalization of $40.15 billion, a PE ratio of 22.91, a P/E/G ratio of 2.87 and a beta of 0.64. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85. The stock has a 50-day moving average price of $82.74 and a two-hundred day moving average price of $80.62.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. The company had revenue of $22.12 billion for the quarter, compared to analyst estimates of $21.95 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. Sysco’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.48 earnings per share. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. Analysts expect that Sysco Corporation will post 5.12 EPS for the current year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 2nd will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 2nd. Sysco’s payout ratio is currently 60.11%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. UBS Group boosted their price objective on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Citigroup raised their target price on Sysco from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Morgan Stanley lifted their price target on Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Piper Sandler boosted their price target on Sysco from $77.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Sysco has an average rating of “Moderate Buy” and a consensus target price of $89.50.

Sysco Profile

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.