Columbus Macro LLC Purchases 14,474 Shares of Sysco Corporation $SYY

Columbus Macro LLC grew its position in shares of Sysco Corporation (NYSE:SYY) by 15.1% in the 2nd quarter, Holdings Channel reports. The firm owned 110,584 shares of the company’s stock after acquiring an additional 14,474 shares during the quarter. Sysco accounts for about 1.0% of Columbus Macro LLC’s portfolio, making the stock its 29th largest holding. Columbus Macro LLC’s holdings in Sysco were worth $8,376,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in SYY. Chung Wu Investment Group LLC acquired a new stake in shares of Sysco during the 2nd quarter worth approximately $30,000. Golden State Wealth Management LLC grew its position in shares of Sysco by 48.4% during 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 period. N.E.W. Advisory Services LLC acquired a new stake in shares of Sysco during the 1st quarter worth approximately $33,000. Cheviot Value Management LLC acquired a new stake in shares of Sysco during the 1st quarter worth approximately $34,000. Finally, 1248 Management LLC acquired a new stake in shares of Sysco during the 1st quarter worth approximately $35,000. Institutional investors own 83.41% of the company’s stock.

Insider Transactions at Sysco

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on SYY shares. Bank of America lifted their price target on shares of Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. UBS Group set a $90.00 price target on shares of Sysco in a research report on Wednesday, July 30th. Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Finally, Weiss Ratings downgraded shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sysco has an average rating of “Moderate Buy” and a consensus target price of $85.85.

Sysco Trading Down 1.5%

NYSE SYY opened at $78.76 on Thursday. The stock has a market capitalization of $37.69 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.48 and a beta of 0.82. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. The business’s fifty day moving average is $80.87 and its 200-day moving average is $76.26.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. The company 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 business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities research analysts predict that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, October 3rd. Sysco’s payout ratio is currently 57.91%.

Sysco Company 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.