Brighton Jones LLC Has $6.84 Million Stock Holdings in Sysco Corporation $SYY

Brighton Jones LLC lifted its stake in shares of Sysco Corporation (NYSE:SYY) by 4.3% during the second quarter, Holdings Channel reports. The firm owned 90,338 shares of the company’s stock after purchasing an additional 3,760 shares during the quarter. Brighton Jones LLC’s holdings in Sysco were worth $6,842,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SYY. Chung Wu Investment Group LLC purchased a new position in shares of Sysco during the second quarter valued at $30,000. Golden State Wealth Management LLC grew its holdings in shares of Sysco by 48.4% during the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock valued at $32,000 after buying an additional 140 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Sysco during the first quarter valued at $33,000. 1248 Management LLC purchased a new position in shares of Sysco during the first quarter valued at $35,000. Finally, Cheviot Value Management LLC purchased a new position in shares of Sysco during the first quarter valued at $34,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SYY has been the topic of a number of research analyst reports. Truist Financial lifted their price target on Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Barclays lifted their price target on Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. UBS Group set a $90.00 price target on Sysco in a report on Wednesday, July 30th. Weiss Ratings upgraded Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Finally, Sanford C. Bernstein began coverage on Sysco in a research note on Wednesday. They issued a “market perform” rating and a $83.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average 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 the company’s 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 represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 14,732 shares of company stock worth $1,193,245. Corporate insiders own 0.56% of the company’s stock.

Sysco Stock Performance

Shares of NYSE SYY opened at $77.30 on Friday. The business’s 50-day moving average price is $80.53 and its two-hundred day moving average price is $76.84. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47. The company has a market capitalization of $36.99 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 2.39 and a beta of 0.82.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.09. The firm had revenue of $21.14 billion for the quarter, compared to the consensus estimate of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

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