Coppell Advisory Solutions LLC Takes $869,000 Position in Sysco Corporation $SYY

Coppell Advisory Solutions LLC purchased a new stake in Sysco Corporation (NYSE:SYY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,403 shares of the company’s stock, valued at approximately $869,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Sysco in the second quarter valued at approximately $3,596,356,000. State Street Corp grew its stake in Sysco by 0.9% in the 3rd quarter. State Street Corp now owns 26,669,576 shares of the company’s stock valued at $2,195,973,000 after acquiring an additional 246,542 shares during the period. Geode Capital Management LLC grew its stake in Sysco by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 12,728,692 shares of the company’s stock valued at $934,391,000 after acquiring an additional 131,659 shares during the period. Norges Bank purchased a new stake in Sysco in the 4th quarter worth $542,780,000. Finally, Morgan Stanley raised its position in Sysco by 9.0% during the fourth quarter. Morgan Stanley now owns 6,058,405 shares of the company’s stock worth $446,444,000 after acquiring an additional 500,881 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

Shares of Sysco stock opened at $81.86 on Thursday. Sysco Corporation has a one year low of $68.19 and a one year high of $91.85. The company has a market cap of $39.22 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.80 and a beta of 0.63. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28. The business’s 50 day moving average price is $83.19 and its 200 day moving average price is $80.40.

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

Sysco Announces Dividend

The firm 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. The ex-dividend date is Friday, October 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.7%. Sysco’s dividend payout ratio is currently 60.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Melius Research downgraded shares of Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Morgan Stanley upped their price target on shares of Sysco from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Citigroup lifted their price objective on Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded Sysco from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Finally, Weiss Ratings raised Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 19th. Nine research 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $89.50.

Insider Activity at Sysco

In other news, EVP Ronald L. Phillips sold 7,350 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $83.61, for a total transaction of $614,533.50. Following the completion of the transaction, the executive vice president directly owned 38,650 shares in the company, valued at approximately $3,231,526.50. This represents a 15.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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. Over the last quarter, insiders sold 14,508 shares of company stock valued at $1,215,250. Corporate insiders own 0.56% of the company’s stock.

Sysco Company 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.