Sysco Corporation $SYY Shares Acquired by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC grew its stake in Sysco Corporation (NYSE:SYY) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,997 shares of the company’s stock after buying an additional 158 shares during the period. Mayflower Financial Advisors LLC’s holdings in Sysco were worth $530,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Chung Wu Investment Group LLC purchased a new stake in Sysco in the 2nd quarter valued at $30,000. Golden State Wealth Management LLC raised 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 last quarter. N.E.W. Advisory Services LLC purchased a new stake in Sysco in the 1st quarter valued at $33,000. Cheviot Value Management LLC purchased a new stake in Sysco in the 1st quarter valued at $34,000. Finally, 1248 Management LLC purchased a new stake in Sysco in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Down 2.1%

Shares of Sysco stock opened at $74.26 on Thursday. The company has a market cap of $35.54 billion, a P/E ratio of 19.91, a PEG ratio of 2.24 and a beta of 0.82. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.70 and a current ratio of 1.15. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47. The firm has a fifty day moving average of $80.30 and a two-hundred day moving average of $77.00.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The company had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. Sysco’s quarterly revenue was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, analysts forecast that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 3rd were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. Sysco’s dividend payout ratio is 57.91%.

Insider Buying and Selling at Sysco

In other news, EVP Ronald L. Phillips sold 7,351 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $81.00, for a total transaction of $595,431.00. Following the transaction, the executive vice president directly owned 41,837 shares of the company’s stock, valued at $3,388,797. This represents a 14.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 14,732 shares of company stock worth $1,193,245. Corporate insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on SYY shares. Weiss Ratings upgraded shares of Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Morgan Stanley set a $88.00 price target on shares of Sysco in a research report on Tuesday, October 21st. Bank of America upped their price target 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. Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Finally, Truist Financial upped their price objective on shares of Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Sysco presently has an average rating of “Moderate Buy” and an average target price of $87.31.

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.