Capital Investment Advisors LLC Has $845,000 Position in Sysco Corporation $SYY

Capital Investment Advisors LLC cut its position in shares of Sysco Corporation (NYSE:SYY) by 1.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,153 shares of the company’s stock after selling 191 shares during the quarter. Capital Investment Advisors LLC’s holdings in Sysco were worth $845,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its holdings 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 worth $32,000 after purchasing an additional 140 shares during the period. Trust Co of the South boosted its holdings in Sysco by 3.0% in the second quarter. Trust Co of the South now owns 4,849 shares of the company’s stock valued at $367,000 after acquiring an additional 142 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Sysco by 1.6% during the first quarter. Chicago Partners Investment Group LLC now owns 8,898 shares of the company’s stock worth $627,000 after buying an additional 143 shares during the period. One Wealth Advisors LLC lifted its holdings in Sysco by 3.3% in the first quarter. One Wealth Advisors LLC now owns 4,698 shares of the company’s stock valued at $353,000 after buying an additional 151 shares during the period. Finally, Ballentine Partners LLC boosted its position in Sysco by 1.2% during the second quarter. Ballentine Partners LLC now owns 13,324 shares of the company’s stock valued at $1,009,000 after acquiring an additional 155 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling

In related news, EVP Greg D. Bertrand sold 40,000 shares of Sysco 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 transaction, the executive vice president owned 56,304 shares of the company’s stock, valued at $4,504,320. The trade was 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 at this link. Also, EVP Ronald L. Phillips sold 37,606 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 30,235 shares of the company’s stock, valued at $2,449,035. This trade represents a 55.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,338 shares of company stock worth $7,439,331 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Sysco Price Performance

Shares of NYSE:SYY opened at $82.85 on Thursday. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.24. The stock’s 50 day moving average is $80.75 and its 200-day moving average is $75.98. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75. The firm 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.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $21.01 billion. During the same quarter last year, the firm posted $1.39 EPS. Sysco’s 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. Sell-side analysts forecast that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 annualized dividend and a dividend yield of 2.6%. Sysco’s dividend payout ratio is 57.91%.

Analysts Set New Price Targets

SYY has been the subject of several research analyst reports. Bank of America lifted their price objective on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Guggenheim lifted their target price on Sysco from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Truist Financial boosted their price target on Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. 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. Finally, Morgan Stanley lifted their price objective on shares of Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.69.

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.