Caitlin John LLC Acquires Shares of 7,469 Sysco Corporation $SYY

Caitlin John LLC bought a new position in shares of Sysco Corporation (NYSE:SYY) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 7,469 shares of the company’s stock, valued at approximately $624,000.

A number of other large investors have also recently made changes to their positions in SYY. Lloyd Advisory Services LLC. bought a new position in shares of Sysco in the fourth quarter worth about $25,000. Motiv8 Investments LLC purchased a new stake in Sysco in the 4th quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new position in Sysco in the 2nd quarter worth about $29,000. Sunbelt Securities Inc. grew its stake in Sysco by 87.6% in the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock worth $26,000 after acquiring an additional 170 shares in the last quarter. Finally, Bard Associates Inc. purchased a new position in shares of Sysco during the fourth quarter worth approximately $27,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Citigroup increased their price objective on Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Piper Sandler raised their price objective on Sysco from $77.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Melius Research lowered Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings upgraded Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 19th. Nine equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $89.50.

Sysco Price Performance

Shares of SYY stock opened at $82.35 on Friday. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The stock’s 50-day moving average is $82.98 and its 200 day moving average is $80.58. The company has a market cap of $39.46 billion, a P/E ratio of 22.50, a PEG ratio of 2.84 and a beta of 0.64. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.28 and a quick ratio of 0.77.

Sysco (NYSE:SYY) last announced its 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 business had revenue of $22.12 billion during the quarter, compared to the consensus estimate of $21.95 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $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. Research analysts predict that Sysco Corporation will post 5.12 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company 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 dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 2nd. Sysco’s payout ratio is 60.11%.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 7,350 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $83.61, for a total transaction of $614,533.50. Following the completion of the sale, the executive vice president owned 38,650 shares of the company’s stock, valued at $3,231,526.50. This represents a 15.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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. In the last three months, insiders have sold 14,508 shares of company stock worth $1,215,250. Insiders own 0.56% of the company’s stock.

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.