Atlas Capital Advisors Inc. Purchases Shares of 7,993 Sysco Corporation $SYY

Atlas Capital Advisors Inc. purchased a new stake in Sysco Corporation (NYSE:SYY) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,993 shares of the company’s stock, valued at approximately $589,000.

Other hedge funds also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. acquired a new stake in Sysco in the 3rd quarter valued at about $25,000. Lloyd Advisory Services LLC. acquired a new stake in Sysco in the 4th quarter valued at about $25,000. Torren Management LLC acquired a new stake in Sysco in the 4th quarter valued at about $27,000. Elyxium Wealth LLC acquired a new stake in Sysco in the 4th quarter valued at about $28,000. Finally, Navalign LLC acquired a new stake in Sysco in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Trading Up 0.5%

NYSE:SYY opened at $79.61 on Tuesday. The stock’s 50 day moving average price is $74.90 and its 200 day moving average price is $78.23. The company has a market capitalization of $38.07 billion, a PE ratio of 22.05, a P/E/G ratio of 3.23 and a beta of 0.65. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85.

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

Sysco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be paid a $0.55 dividend. This is an increase from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. Sysco’s dividend payout ratio (DPR) is 59.83%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Barclays dropped their price objective on Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Sanford C. Bernstein dropped their price objective on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a report on Wednesday, April 29th. Wells Fargo & Company increased their price objective on Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Finally, Guggenheim dropped their price objective on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and an average target price of $88.15.

Insider Buying and Selling at Sysco

In related news, Director John M. Hinshaw bought 13,304 shares of the stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the purchase, the director owned 40,200 shares of the company’s stock, valued at $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 accessible through the SEC website. Company insiders own 0.56% of the company’s stock.

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.