51,344 Shares in Sysco Corporation $SYY Purchased by Kinloch Capital LLC

Kinloch Capital LLC acquired a new stake in Sysco Corporation (NYSE:SYY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 51,344 shares of the company’s stock, valued at approximately $4,291,000.

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

Sysco Trading Down 0.3%

Shares of NYSE SYY opened at $83.86 on Tuesday. Sysco Corporation has a 12-month low of $68.19 and a 12-month high of $91.85. The company has a market cap of $40.15 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 2.87 and a beta of 0.64. 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 stock’s 50 day simple moving average is $82.74 and its 200 day simple moving average is $80.62.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, topping 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 firm had revenue of $22.12 billion during the quarter, compared to the consensus estimate of $21.95 billion. During the same period in the prior year, the business earned $1.48 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. Equities research analysts expect that Sysco Corporation will post 5.12 EPS for the current 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 issued 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 dividend payout ratio (DPR) is 60.11%.

Analyst Ratings Changes

SYY has been the subject of a number of research reports. Citigroup lifted their price objective on shares of Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Piper Sandler raised their price target on shares of Sysco from $77.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Sanford C. Bernstein decreased their price target on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a report on Wednesday, April 29th. Barclays decreased their price target on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 19th. Nine 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.50.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 367 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $83.39, for a total transaction of $30,604.13. Following the completion of the transaction, the executive vice president directly owned 38,650 shares of the company’s stock, valued at $3,223,023.50. The trade was a 0.94% decrease in their position. The transaction was disclosed in a document filed 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 company insiders.

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.