Islay Capital Management LLC Buys 9,756 Shares of Sysco Corporation $SYY

Islay Capital Management LLC purchased a new stake in shares of Sysco Corporation (NYSE:SYY) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 9,756 shares of the company’s stock, valued at approximately $761,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its holdings in Sysco by 87.6% during the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock valued at $26,000 after acquiring an additional 170 shares during the period. N.E.W. Advisory Services LLC bought a new position in Sysco in the 2nd quarter worth about $29,000. Markowski Investments purchased a new stake in shares of Sysco in the second quarter valued at approximately $31,000. Evolution Wealth Management Inc. increased its holdings in Sysco by 257.6% during the 1st quarter. Evolution Wealth Management Inc. now owns 447 shares of the company’s stock worth $32,000 after purchasing an additional 322 shares during the period. Finally, Parvin Asset Management LLC bought a new stake in Sysco during the 2nd quarter valued at $32,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Stock Performance

Shares of SYY traded up $1.08 during trading hours on Tuesday, hitting $82.67. The stock had a trading volume of 510,299 shares, compared to its average volume of 4,031,349. The firm has a market capitalization of $40.67 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.81 and a beta of 0.64. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28. The firm has a 50-day moving average price of $80.60 and a 200 day moving average price of $79.03. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85.

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

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 2nd will be issued a $0.55 dividend. The ex-dividend date is Friday, October 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.7%. Sysco’s dividend payout ratio (DPR) is presently 60.11%.

Insider Activity

In other news, EVP Ronald Phillips sold 960 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $83.00, for a total value of $79,680.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 have sold a total of 15,525 shares of company stock worth $1,299,736 over the last ninety days. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SYY has been the subject of several research reports. Guggenheim reaffirmed a “buy” rating and issued a $90.00 price target on shares of Sysco in a research report on Wednesday, September 16th. JPMorgan Chase & Co. cut their price objective on shares of Sysco from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Citigroup lifted their price target on shares of Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Morgan Stanley raised their price objective on Sysco from $88.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 15th. Finally, UBS Group increased their price target on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and an average price target of $90.42.

Sysco Company 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.