Ransom Advisory Ltd Invests $252,000 in Sysco Corporation $SYY

Ransom Advisory Ltd acquired a new position in shares of Sysco Corporation (NYSE:SYY) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,364 shares of the company’s stock, valued at approximately $252,000.

Other large investors also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC boosted its position in shares of Sysco by 188.7% during the first quarter. Rialto Wealth Management LLC now owns 332 shares of the company’s stock worth $25,000 after buying an additional 217 shares during the period. Golden State Wealth Management LLC boosted its holdings in Sysco by 48.4% during the 1st 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 period. N.E.W. Advisory Services LLC acquired a new position in Sysco in the 1st quarter valued at about $33,000. Capital A Wealth Management LLC acquired a new position in Sysco in the 4th quarter valued at about $34,000. Finally, Cheviot Value Management LLC acquired a new position in Sysco in the 1st quarter valued at about $34,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sysco news, EVP Ronald L. Phillips sold 7,351 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $81.00, for a total value of $595,431.00. Following the sale, the executive vice president directly owned 41,837 shares in the company, valued at $3,388,797. This trade represents a 14.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of the firm’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 completion of the sale, the executive vice president owned 56,304 shares in the company, valued at approximately $4,504,320. This represents a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,377 shares of company stock worth $7,361,490. 0.54% of the stock is owned by insiders.

Sysco Stock Down 0.8%

Shares of NYSE SYY opened at $80.86 on Wednesday. The stock has a market cap of $39.20 billion, a P/E ratio of 21.68, a PEG ratio of 2.53 and a beta of 0.80. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.17. The business’s fifty day simple moving average is $79.48 and its 200-day simple moving average is $75.21.

Sysco (NYSE:SYY) last announced its quarterly earnings data 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. The business had revenue of $21.14 billion for the quarter, compared to analysts’ expectations of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $1.39 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities analysts predict that Sysco Corporation will post 4.58 EPS 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 paid a $0.54 dividend. The ex-dividend date is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 2.7%. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Truist Financial lifted their target price on Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their target price on Sysco from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, May 20th. Bank of America lifted their target price on Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Barclays increased their price objective on Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and an average price target of $85.69.

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.