Sysco Corporation $SYY Shares Purchased by Creative Planning

Creative Planning boosted its position in shares of Sysco Corporation (NYSE:SYY) by 40.2% during the second quarter, Holdings Channel reports. The firm owned 245,093 shares of the company’s stock after buying an additional 70,221 shares during the quarter. Creative Planning’s holdings in Sysco were worth $18,563,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SYY. Chung Wu Investment Group LLC acquired a new stake in Sysco in the 2nd quarter valued at about $30,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Sysco in the first quarter valued at about $33,000. Cheviot Value Management LLC acquired a new stake in shares of Sysco in the first quarter valued at approximately $34,000. 1248 Management LLC purchased a new position in shares of Sysco during the 1st quarter worth approximately $35,000. Finally, Banque Transatlantique SA acquired a new position in shares of Sysco during the 1st quarter worth approximately $35,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 961 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the transaction, the executive vice president directly owned 41,501 shares of the company’s stock, valued at approximately $3,361,581. This trade represents a 2.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by insiders.

Sysco Trading Up 0.6%

NYSE SYY opened at $75.15 on Tuesday. The company has a market cap of $35.99 billion, a P/E ratio of 20.15, a P/E/G ratio of 2.19 and a beta of 0.79. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $83.47. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.70. The company has a 50-day moving average of $78.68 and a 200-day moving average of $77.30.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business had revenue of $21.15 billion for the quarter, compared to analysts’ expectations of $21.03 billion. During the same period last year, the company earned $1.09 earnings per share. The company’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. As a group, equities analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.16 annualized dividend and a dividend yield of 2.9%. Sysco’s payout ratio is currently 57.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays raised their price target on Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sysco in a research report on Thursday. Morgan Stanley set a $88.00 target price on shares of Sysco in a report on Tuesday, October 21st. UBS Group set a $90.00 price target on shares of Sysco in a report on Wednesday, July 30th. Finally, Citigroup cut their price objective on shares of Sysco from $86.00 to $82.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.00.

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.