Chung Wu Investment Group LLC Makes New Investment in Sysco Corporation $SYY

Chung Wu Investment Group LLC bought a new position in Sysco Corporation (NYSE:SYY) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 400 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC raised its position in Sysco by 48.4% in the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock worth $32,000 after buying an additional 140 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Sysco during the 1st quarter valued at approximately $33,000. Cheviot Value Management LLC bought a new position in shares of Sysco during the 1st quarter valued at approximately $34,000. 1248 Management LLC bought a new position in shares of Sysco during the 1st quarter valued at approximately $35,000. Finally, Banque Transatlantique SA bought a new position in shares of Sysco during the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

SYY has been the subject of a number of recent research reports. Bank of America boosted their price objective on Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research note on Friday, July 18th. UBS Group set a $90.00 price objective on Sysco in a research note on Wednesday, July 30th. Morgan Stanley boosted their price objective on Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Truist Financial boosted their price objective on Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Guggenheim boosted their price objective on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.85.

Sysco Stock Down 1.6%

Shares of SYY opened at $80.86 on Tuesday. The stock has a market capitalization of $38.69 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 2.54 and a beta of 0.82. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47. The business’s 50 day simple moving average is $80.87 and its 200-day simple moving average is $76.22. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.09. The business had revenue of $21.14 billion for the quarter, compared to analysts’ expectations of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities analysts expect that Sysco Corporation will post 4.58 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 24th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 3rd. Sysco’s dividend payout ratio is 57.91%.

Insider Buying and Selling at Sysco

In related news, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the sale, the executive vice president owned 56,304 shares in the company, valued at approximately $4,504,320. This represents a 41.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Ronald L. Phillips sold 961 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total value of $77,841.00. Following the sale, the executive vice president owned 41,501 shares in the company, valued at $3,361,581. The trade was a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,338 shares of company stock worth $7,439,331 in the last 90 days. 0.54% of the stock is currently owned by insiders.

Sysco Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.