John Hinshaw Purchases 13,304 Shares of Sysco (NYSE:SYY) Stock

Sysco Corporation (NYSE:SYY) Director John Hinshaw bought 13,304 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the purchase, the director directly owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. This trade represents a 49.46% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Sysco Stock Down 0.1%

Shares of SYY stock traded down $0.10 during trading hours on Wednesday, reaching $75.23. 2,979,444 shares of the stock were exchanged, compared to its average volume of 4,523,720. The business’s fifty day moving average is $75.65 and its two-hundred day moving average is $78.10. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. Sysco Corporation has a 12-month low of $68.19 and a 12-month high of $91.85. The firm has a market capitalization of $35.97 billion, a P/E ratio of 20.84, a P/E/G ratio of 3.12 and a beta of 0.66.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.56 billion. Sysco had a net margin of 2.08% and a return on equity of 103.57%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, research analysts expect that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. This is a positive change from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 2nd. Sysco’s dividend payout ratio is currently 59.83%.

Institutional Investors Weigh In On Sysco

Several large investors have recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. acquired a new position in Sysco in the 3rd quarter valued at about $25,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Sysco during the fourth quarter worth $25,000. Motiv8 Investments LLC acquired a new stake in shares of Sysco during the fourth quarter worth $25,000. Peterson Wealth Services lifted its holdings in shares of Sysco by 875.7% during the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after purchasing an additional 324 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Sysco by 87.6% during the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock worth $26,000 after purchasing an additional 170 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SYY. Sanford C. Bernstein lowered their price target on Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a report on Wednesday, April 29th. Jefferies Financial Group upped their price target on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Piper Sandler lowered their price target on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft downgraded Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a report on Tuesday, April 28th. Finally, Argus raised Sysco to a “hold” rating in a report on Thursday, January 29th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and a consensus price target of $88.15.

Sysco Company Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.