Jmac Enterprises LLC Increases Stock Holdings in Sysco Corporation $SYY

Jmac Enterprises LLC raised its stake in Sysco Corporation (NYSE:SYY) by 10.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,100 shares of the company’s stock after purchasing an additional 500 shares during the period. Jmac Enterprises LLC’s holdings in Sysco were worth $386,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SYY. Merit Financial Group LLC grew its position in shares of Sysco by 23.7% during the first quarter. Merit Financial Group LLC now owns 39,696 shares of the company’s stock worth $2,979,000 after acquiring an additional 7,612 shares during the last quarter. Sendero Wealth Management LLC grew its position in shares of Sysco by 150.3% during the first quarter. Sendero Wealth Management LLC now owns 8,761 shares of the company’s stock worth $657,000 after acquiring an additional 5,261 shares during the last quarter. Gilman Hill Asset Management LLC grew its position in Sysco by 20.6% in the 1st quarter. Gilman Hill Asset Management LLC now owns 64,759 shares of the company’s stock valued at $4,860,000 after buying an additional 11,062 shares during the last quarter. Lmcg Investments LLC grew its position in Sysco by 55.3% in the 1st quarter. Lmcg Investments LLC now owns 74,507 shares of the company’s stock valued at $5,591,000 after buying an additional 26,531 shares during the last quarter. Finally, Charles Schwab Trust Co grew its position in Sysco by 10.5% in the 1st quarter. Charles Schwab Trust Co now owns 4,200 shares of the company’s stock valued at $315,000 after buying an additional 400 shares during the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Trading Up 0.7%

NYSE:SYY opened at $83.38 on Friday. The company has a market capitalization of $40.42 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 2.57 and a beta of 0.82. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47. The stock has a fifty day simple moving average of $80.82 and a 200-day simple moving average of $76.04.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share 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 firm had revenue of $21.14 billion during the quarter, compared to the consensus estimate of $21.01 billion. During the same quarter in the previous year, the company posted $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. On average, equities research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm 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. The ex-dividend date is Friday, October 3rd. This represents a $2.16 annualized dividend and a yield of 2.6%. Sysco’s payout ratio is 57.91%.

Insider Activity

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the sale, the executive vice president owned 56,304 shares in the company, valued at $4,504,320. The trade was a 41.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ronald L. Phillips sold 961 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the sale, the executive vice president owned 41,501 shares of the company’s stock, valued at $3,361,581. The trade was a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,338 shares of company stock valued at $7,439,331 in the last 90 days. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SYY shares. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Bank of America lifted their price objective on shares of Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Barclays lifted their price objective 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. Truist Financial lifted their price objective on shares of Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Morgan Stanley raised their target price on Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company 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.