Callan Family Office LLC Grows Stock Position in Sysco Corporation $SYY

Callan Family Office LLC lifted its stake in shares of Sysco Corporation (NYSE:SYY) by 195.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,132 shares of the company’s stock after purchasing an additional 44,416 shares during the quarter. Callan Family Office LLC’s holdings in Sysco were worth $5,085,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Chung Wu Investment Group LLC purchased a new stake in shares of Sysco during the second quarter worth approximately $30,000. Golden State Wealth Management LLC raised its stake 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 worth $32,000 after purchasing an additional 140 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Sysco during the first quarter worth $33,000. Cheviot Value Management LLC acquired a new position in Sysco during the first quarter worth $34,000. Finally, 1248 Management LLC acquired a new position in Sysco during the first quarter worth $35,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Up 0.5%

Sysco stock opened at $78.44 on Friday. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. The firm has a market capitalization of $37.53 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 2.42 and a beta of 0.82. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. The stock’s fifty day moving average is $80.81 and its two-hundred day moving average is $76.37.

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

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.8%. Sysco’s dividend payout ratio (DPR) is presently 57.91%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Morgan Stanley upped their price objective on Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a report on Monday, July 14th. Bank of America upped their price objective on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Guggenheim upped their price objective on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday. Barclays upped their price objective on Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Finally, Wall Street Zen raised Sysco from a “hold” rating to a “buy” rating in a report on Saturday. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Sysco has an average rating of “Moderate Buy” and a consensus price target of $85.85.

Insiders Place Their Bets

In related news, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the sale, the executive vice president owned 56,304 shares of the company’s stock, valued at $4,504,320. This trade represents a 41.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ronald L. Phillips sold 961 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total value of $77,841.00. Following the sale, the executive vice president directly owned 41,501 shares in the company, valued at approximately $3,361,581. The trade was a 2.26% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,338 shares of company stock worth $7,439,331. Corporate insiders own 0.54% of the company’s stock.

Sysco 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.