Foster & Motley Inc. Makes New Investment in Sysco Corporation $SYY

Foster & Motley Inc. acquired a new position in shares of Sysco Corporation (NYSE:SYY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,445 shares of the company’s stock, valued at approximately $539,000.

Other large investors have also modified their holdings of the company. Main Street Financial Solutions LLC raised its stake in Sysco by 4.4% during the 2nd quarter. Main Street Financial Solutions LLC now owns 5,864 shares of the company’s stock worth $490,000 after acquiring an additional 245 shares in the last quarter. Rayburn West Financial Services LLC acquired a new position in Sysco in the second quarter valued at $9,577,000. First National Bank of Omaha purchased a new position in shares of Sysco during the second quarter worth about $288,000. Hurlow Wealth Management Group Inc. acquired a new stake in shares of Sysco during the second quarter worth about $355,000. Finally, Aljian Capital Management LLC acquired a new stake in shares of Sysco during the second quarter worth about $200,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Trading Up 0.9%

Shares of Sysco stock opened at $83.21 on Friday. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 4.62. The company’s 50-day simple moving average is $82.55 and its 200-day simple moving average is $80.62. The firm has a market cap of $39.84 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. Sysco had a return on equity of 95.05% and a net margin of 2.08%.The company had revenue of $22.12 billion for the quarter, compared to analyst estimates of $21.95 billion. During the same quarter in the previous year, the company earned $1.48 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. As a group, equities research analysts anticipate that Sysco Corporation will post 5.1 earnings per share for the current year.

Sysco Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, October 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.6%. Sysco’s payout ratio is 60.11%.

Insider Buying and Selling

In other Sysco news, EVP Ronald L. Phillips sold 367 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $83.39, for a total value of $30,604.13. Following the completion of the sale, the executive vice president owned 38,650 shares of the company’s stock, valued at approximately $3,223,023.50. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Also, Director John M. Hinshaw bought 13,304 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the transaction, the director directly owned 40,200 shares in the company, valued at approximately $3,021,834. This represents a 49.46% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.56% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Sanford C. Bernstein decreased their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Wednesday, April 29th. Citigroup lifted their price target on Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Morgan Stanley boosted their price objective on Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Deutsche Bank Aktiengesellschaft downgraded Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a report on Tuesday, April 28th. Finally, Barclays cut their target price on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.