Sysco (NYSE:SYY) Director Thomas Gerard Ondrof Acquires 2,500 Shares of Company Stock

Sysco Corporation (NYSE:SYY) Director Thomas Gerard Ondrof acquired 2,500 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was bought at an average cost of $76.62 per share, with a total value of $191,550.00. Following the acquisition, the director owned 2,500 shares in the company, valued at $191,550. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Sysco Price Performance

Shares of SYY opened at $75.14 on Friday. The company has a market cap of $36.96 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.17 and a beta of 0.66. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The company’s fifty day simple moving average is $80.00 and its 200 day simple moving average is $80.49. The company has a current ratio of 1.46, a quick ratio of 0.77 and a debt-to-equity ratio of 3.18.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.19. The firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $22.02 billion. Sysco had a net margin of 2.12% and a return on equity of 79.24%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.15 earnings per share. On average, research analysts forecast that Sysco Corporation will post 5.06 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 2nd were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, October 2nd. Sysco’s dividend payout ratio is presently 60.11%.

Key Sysco News

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Director Thomas Gerard Ondrof bought 2,500 shares at an average price of $76.62, a modest insider-purchase signal. SEC insider transaction filing
• Neutral Sentiment: UBS said Sysco’s execution remains on track despite first-quarter challenges, offering a more constructive view of operations. UBS commentary
• Negative Sentiment: Sysco’s quarterly revenue missed analysts’ expectations, and reports cited softer sales guidance as the main reason investors reacted poorly. Adjusted EPS matched consensus at $1.19, while revenue grew 2.8% year over year to $21.74 billion. Earnings and guidance report
• Negative Sentiment: The planned $29.1 billion Jetro Restaurant Depot acquisition remains subject to FTC clearance. A shareholder-investigation notice highlighted potential regulatory and cost exposure, adding uncertainty around the deal. Investigation notice
• Negative Sentiment: Citigroup lowered its price target to $84 from $87 and kept a neutral rating; JPMorgan also reduced its target, to $92 from $95. Both targets remain above the cited share price, but the cuts signal more cautious expectations. Citigroup rating information JPMorgan price-target update

Institutional Investors Weigh In On Sysco

A number of institutional investors have recently made changes to their positions in the company. Maryland State Retirement & Pension System boosted its position in shares of Sysco by 14.3% during the third quarter. Maryland State Retirement & Pension System now owns 29,834 shares of the company’s stock valued at $2,326,000 after buying an additional 3,732 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Sysco by 7.2% during the third quarter. Ritholtz Wealth Management now owns 4,277 shares of the company’s stock worth $333,000 after buying an additional 287 shares in the last quarter. First Command Advisory Services Inc. raised its position in Sysco by 123.4% in the 3rd quarter. First Command Advisory Services Inc. now owns 4,055 shares of the company’s stock valued at $316,000 after buying an additional 2,240 shares during the last quarter. Machina Capital S.A.S. raised its position in Sysco by 80.7% in the 3rd quarter. Machina Capital S.A.S. now owns 120,690 shares of the company’s stock valued at $9,409,000 after buying an additional 53,905 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its position in Sysco by 5.0% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 210,442 shares of the company’s stock valued at $16,406,000 after buying an additional 10,093 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SYY shares. Bank of America lifted their price target on Sysco from $91.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. UBS Group upped their price objective on Sysco from $90.00 to $95.00 and gave the company a “buy” 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 company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings downgraded Sysco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Eleven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.13.

About Sysco

Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.

The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.

Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.