Flavin Financial Services Inc. Has $467,000 Stake in Sysco Corporation $SYY

Flavin Financial Services Inc. trimmed its position in shares of Sysco Corporation (NYSE:SYY) by 13.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,168 shares of the company’s stock after selling 939 shares during the period. Flavin Financial Services Inc.’s holdings in Sysco were worth $467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SYY. Boston Partners boosted its position in Sysco by 24.8% during the first quarter. Boston Partners now owns 15,199,828 shares of the company’s stock worth $1,139,798,000 after purchasing an additional 3,015,714 shares during the period. Canoe Financial LP boosted its position in Sysco by 29,610.4% during the first quarter. Canoe Financial LP now owns 1,431,149 shares of the company’s stock worth $107,393,000 after purchasing an additional 1,426,332 shares during the period. Nuveen LLC bought a new position in Sysco during the first quarter worth $85,341,000. Amundi boosted its position in Sysco by 36.5% during the first quarter. Amundi now owns 3,725,508 shares of the company’s stock worth $280,941,000 after purchasing an additional 995,498 shares during the period. Finally, Mackenzie Financial Corp increased its stake in shares of Sysco by 1,940.1% during the first quarter. Mackenzie Financial Corp now owns 1,016,660 shares of the company’s stock worth $76,290,000 after purchasing an additional 966,826 shares during the period. 83.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SYY has been the topic of a number of recent research reports. Truist Financial increased their target price on Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Morgan Stanley increased their target price on Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. Guggenheim boosted their target price on shares of Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Wells Fargo & Company set a $88.00 target price on shares of Sysco and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Finally, Barclays boosted their target price on shares of Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.46.

Insider Buying and Selling

In other news, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 56,304 shares of the company’s stock, valued at approximately $4,504,320. This represents a 41.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Ronald L. Phillips sold 37,606 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total value of $3,046,086.00. Following the transaction, the executive vice president directly owned 30,235 shares of the company’s stock, valued at approximately $2,449,035. This trade represents a 55.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,338 shares of company stock valued at $7,439,331. Company insiders own 0.56% of the company’s stock.

Sysco Stock Up 1.4%

Sysco stock opened at $79.92 on Friday. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47. The stock has a 50 day moving average of $80.73 and a two-hundred day moving average of $76.55. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. The stock has a market capitalization of $38.24 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 2.47 and a beta of 0.82.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The company had revenue of $21.14 billion during the quarter, compared to analysts’ expectations of $21.01 billion. During the same period last year, the firm earned $1.39 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis 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%.

About Sysco

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.