Schnieders Capital Management LLC Acquires 2,000 Shares of Sysco Corporation $SYY

Schnieders Capital Management LLC increased its holdings in shares of Sysco Corporation (NYSE:SYY) by 24.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,310 shares of the company’s stock after purchasing an additional 2,000 shares during the period. Schnieders Capital Management LLC’s holdings in Sysco were worth $781,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SYY. Chung Wu Investment Group LLC bought a new stake in shares of Sysco during the second quarter worth $30,000. Golden State Wealth Management LLC boosted its stake 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 purchasing an additional 140 shares during the period. N.E.W. Advisory Services LLC bought a new position in Sysco during the 1st quarter worth about $33,000. Cheviot Value Management LLC bought a new position in Sysco during the 1st quarter worth about $34,000. Finally, 1248 Management LLC acquired a new stake in shares of Sysco in the 1st quarter valued at about $35,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Performance

NYSE SYY opened at $79.92 on Monday. The firm has a market capitalization of $38.24 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 2.47 and a beta of 0.82. 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 firm’s fifty day moving average price is $80.73 and its two-hundred day moving average price is $76.56. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47.

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

Sysco Dividend Announcement

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

Analyst Ratings Changes

SYY has been the subject of a number of research reports. Wall Street Zen upgraded Sysco from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Morgan Stanley raised their price target on shares of Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. Wells Fargo & Company set a $88.00 price objective on shares of Sysco and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. UBS Group set a $90.00 target price on shares of Sysco in a research report on Wednesday, July 30th. Finally, Barclays boosted their price target on shares of Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.46.

Insiders Place Their Bets

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of the company’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the transaction, the executive vice president directly owned 56,304 shares in the company, valued at $4,504,320. The trade was a 41.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ronald L. Phillips sold 961 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $81.00, for a total transaction of $77,841.00. Following the sale, the executive vice president owned 41,501 shares of the company’s stock, valued at approximately $3,361,581. This represents a 2.26% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,338 shares of company stock worth $7,439,331. 0.56% of the stock is owned by company 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.