Transcend Capital Advisors LLC Increases Stake in Sysco Corporation $SYY

Transcend Capital Advisors LLC increased its position in Sysco Corporation (NYSE:SYY) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,419 shares of the company’s stock after acquiring an additional 148 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Sysco were worth $486,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SYY. Chung Wu Investment Group LLC purchased a new stake in Sysco in the 2nd quarter worth about $30,000. Golden State Wealth Management LLC increased its holdings in Sysco by 48.4% in the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Sysco in the 1st quarter worth about $33,000. Cheviot Value Management LLC purchased a new stake in Sysco in the 1st quarter worth about $34,000. Finally, 1248 Management LLC purchased a new stake in Sysco in the 1st quarter worth about $35,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wells Fargo & Company set a $88.00 target price on Sysco and gave the company an “overweight” rating in a report on Tuesday, July 29th. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a report on Saturday. Guggenheim lifted their target price on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a report on Monday, October 6th. Barclays lifted their target price on Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Finally, Weiss Ratings raised Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. 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 data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Insider Activity

In other news, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $81.00, for a total transaction of $77,841.00. Following the completion of the sale, the executive vice president owned 41,501 shares in the company, valued at approximately $3,361,581. This trade represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 14,732 shares of company stock worth $1,193,245. Company insiders own 0.56% of the company’s stock.

Sysco Stock Performance

Shares of SYY opened at $76.03 on Wednesday. The company has a market cap of $36.38 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 2.30 and a beta of 0.82. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. The stock has a 50-day moving average price of $80.43 and a 200-day moving average price of $76.97. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. The firm had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 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 3.2% on a year-over-year basis. During the same quarter last year, the company posted $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities analysts forecast that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 3rd were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, October 3rd. Sysco’s dividend payout ratio (DPR) is 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.