Cantor Fitzgerald Investment Advisors L.P. Buys Shares of 83,255 Sysco Corporation $SYY

Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in Sysco Corporation (NYSE:SYY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 83,255 shares of the company’s stock, valued at approximately $6,306,000.

A number of other institutional investors have also recently added to or reduced their stakes in SYY. Golden State Wealth Management LLC raised its stake in shares of Sysco by 48.4% during the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock valued at $32,000 after acquiring an additional 140 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Sysco during the first quarter valued at $33,000. Cheviot Value Management LLC bought a new position in shares of Sysco during the first quarter valued at $34,000. 1248 Management LLC bought a new position in shares of Sysco during the first quarter valued at $35,000. Finally, Banque Transatlantique SA bought a new position in shares of Sysco during the first quarter valued at $35,000. 83.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Truist Financial lifted their target price on shares of Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Bank of America lifted their target price on shares of Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. UBS Group set a $90.00 target price on shares of Sysco in a research note on Wednesday, July 30th. Finally, Morgan Stanley lifted their target price 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. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.69.

Insiders Place Their Bets

In other news, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction dated Tuesday, July 22nd. The shares were 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 in the company, valued at $4,504,320. This trade represents a 41.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $81.00, for a total transaction of $77,841.00. Following the transaction, the executive vice president owned 41,501 shares of the company’s stock, 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 92,338 shares of company stock valued at $7,439,331 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Sysco Trading Up 0.6%

NYSE:SYY opened at $82.85 on Thursday. 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 $40.16 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.55 and a beta of 0.82. The firm has a fifty day simple moving average of $80.75 and a two-hundred day simple moving average of $75.98. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $83.24.

Sysco (NYSE:SYY) last posted its quarterly 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 business had revenue of $21.14 billion during the quarter, compared to analysts’ expectations of $21.01 billion. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company posted $1.39 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Analysts expect that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, October 3rd. Sysco’s dividend payout ratio (DPR) is presently 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.