Signature Estate & Investment Advisors LLC Acquires New Holdings in Sysco Corporation $SYY

Signature Estate & Investment Advisors LLC bought a new stake in shares of Sysco Corporation (NYSE:SYY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 80,739 shares of the company’s stock, valued at approximately $6,059,000.

Several other hedge funds have also recently added to or reduced their stakes in SYY. NorthCrest Asset Manangement LLC grew its holdings in Sysco by 4.9% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 2,956 shares of the company’s stock worth $226,000 after purchasing an additional 139 shares during the period. Golden State Wealth Management LLC grew its position in Sysco by 48.4% in the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the period. Chicago Partners Investment Group LLC grew its position in Sysco by 1.6% in the 1st quarter. Chicago Partners Investment Group LLC now owns 8,898 shares of the company’s stock valued at $627,000 after purchasing an additional 143 shares during the period. One Wealth Advisors LLC grew its position in Sysco by 3.3% in the 1st quarter. One Wealth Advisors LLC now owns 4,698 shares of the company’s stock valued at $353,000 after purchasing an additional 151 shares during the period. Finally, Synovus Financial Corp grew its position in Sysco by 4.5% in the 1st quarter. Synovus Financial Corp now owns 3,681 shares of the company’s stock valued at $276,000 after purchasing an additional 157 shares during the period. Institutional investors own 83.41% of the company’s stock.

Insiders Place Their Bets

In other Sysco news, EVP Ronald L. Phillips sold 7,351 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $81.00, for a total value of $595,431.00. Following the completion of the transaction, the executive vice president directly owned 41,837 shares in the company, valued at approximately $3,388,797. The trade was a 14.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Greg D. Bertrand sold 40,000 shares of the business’s stock in a transaction on 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 sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 91,377 shares of company stock worth $7,361,490. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SYY shares. Citigroup started coverage on shares of Sysco in a research report on Thursday, May 22nd. They issued a “neutral” rating and a $78.00 price target for the company. Guggenheim increased their price target on Sysco from $85.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Morgan Stanley increased their price target on Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their price target on Sysco from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 20th. Finally, Wall Street Zen upgraded Sysco from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $85.69.

Sysco Price Performance

Shares of NYSE SYY opened at $82.45 on Monday. The firm has a market capitalization of $39.97 billion, a P/E ratio of 22.11, a P/E/G ratio of 2.55 and a beta of 0.80. 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 stock’s 50-day simple moving average is $79.29 and its two-hundred day simple moving average is $75.12. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.17.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.09. The company had revenue of $21.14 billion for the quarter, compared to the consensus estimate of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.Sysco’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities analysts anticipate 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. Investors of record on Friday, October 3rd will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 2.6%. Sysco’s dividend payout ratio is presently 57.91%.

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.