Sysco Corporation $SYY Shares Purchased by Lmcg Investments LLC

Lmcg Investments LLC lifted its holdings in Sysco Corporation (NYSE:SYY) by 4.6% in the third quarter, HoldingsChannel reports. The firm owned 145,367 shares of the company’s stock after purchasing an additional 6,396 shares during the quarter. Lmcg Investments LLC’s holdings in Sysco were worth $11,333,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Axxcess Wealth Management LLC increased its holdings in shares of Sysco by 132.4% in the 3rd quarter. Axxcess Wealth Management LLC now owns 27,686 shares of the company’s stock worth $2,158,000 after buying an additional 15,772 shares during the last quarter. Sawyer & Company Inc purchased a new stake in shares of Sysco during the 3rd quarter valued at about $2,811,000. Pinnacle Associates Ltd. raised its position in shares of Sysco by 2.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 7,399 shares of the company’s stock valued at $577,000 after buying an additional 150 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Sysco by 6.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 271,500 shares of the company’s stock valued at $21,166,000 after acquiring an additional 16,710 shares during the last quarter. Finally, Islay Capital Management LLC bought a new position in shares of Sysco in the 3rd quarter valued at about $761,000. Institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

SYY has been the subject of several recent research reports. Citigroup lifted their price target on Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Guggenheim reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Sysco in a research note on Wednesday, September 16th. Piper Sandler lifted their target price on Sysco from $77.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Melius Research cut Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Finally, Morgan Stanley boosted their target price on Sysco from $88.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, October 15th. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.42.

Sysco Stock Performance

Shares of NYSE:SYY opened at $82.00 on Thursday. The company has a market capitalization of $40.34 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 2.84 and a beta of 0.64. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85. The firm’s 50-day moving average is $80.52 and its 200 day moving average is $79.18. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 4.62.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.02. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The business had revenue of $22.12 billion during the quarter, compared to the consensus estimate of $21.95 billion. During the same quarter last year, the firm earned $1.48 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. Research analysts predict that Sysco Corporation will post 5.10 EPS for the current year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 2nd will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 2nd. Sysco’s dividend payout ratio is presently 60.11%.

Insider Buying and Selling at Sysco

In related news, EVP Ronald Phillips sold 960 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $83.00, for a total transaction of $79,680.00. Following the completion of the sale, the executive vice president directly owned 49,852 shares of the company’s stock, valued at approximately $4,137,716. This trade represents a 1.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 15,525 shares of company stock valued at $1,299,736 in the last quarter. Corporate insiders own 0.55% of the company’s stock.

Sysco Profile

Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.

The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.

Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.