Berkeley Capital Partners LLC Grows Stock Position in Sysco Corporation $SYY

Berkeley Capital Partners LLC lifted its stake in Sysco Corporation (NYSE:SYY) by 2.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 19,107 shares of the company’s stock after buying an additional 501 shares during the period. Berkeley Capital Partners LLC’s holdings in Sysco were worth $1,447,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SYY. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Sysco by 2.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 223,510 shares of the company’s stock worth $16,772,000 after buying an additional 4,932 shares during the period. Advisor Resource Council purchased a new position in shares of Sysco in the first quarter worth about $240,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Sysco by 9.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 75,327 shares of the company’s stock worth $5,653,000 after buying an additional 6,417 shares during the period. Prairie Wealth Advisors Inc. bought a new stake in shares of Sysco in the first quarter worth about $207,000. Finally, Jmac Enterprises LLC grew its stake in shares of Sysco by 67.5% in the first quarter. Jmac Enterprises LLC now owns 4,600 shares of the company’s stock worth $345,000 after purchasing an additional 1,854 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Activity

In other news, EVP Ronald L. Phillips sold 37,606 shares of Sysco stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the completion of the transaction, the executive vice president directly owned 30,235 shares in the company, valued at approximately $2,449,035. This trade represents a 55.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 52,338 shares of company stock worth $4,239,331 in the last ninety days. 0.56% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Truist Financial raised 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 raised 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. Bank of America raised their target price on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Citigroup raised their target price on Sysco from $84.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Finally, Wells Fargo & Company set a $88.00 target price on Sysco and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.46.

Sysco Stock Performance

Shares of SYY opened at $79.88 on Tuesday. 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 Corporation has a one year low of $67.12 and a one year high of $83.47. The company has a 50-day simple moving average of $80.74 and a two-hundred day simple moving average of $76.62. The firm has a market capitalization of $38.22 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 2.47 and a beta of 0.82.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS 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 business had revenue of $21.14 billion during the quarter, compared to analyst estimates of $21.01 billion. During the same period last year, the business posted $1.39 earnings per share. Sysco’s quarterly revenue was up 2.8% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

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 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 is Friday, October 3rd. Sysco’s dividend payout ratio (DPR) is presently 57.91%.

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.