Godsey & Gibb Inc. Has $254,000 Stake in Sysco Corporation $SYY

Godsey & Gibb Inc. trimmed its position in Sysco Corporation (NYSE:SYY) by 36.2% during the second quarter, Holdings Channel reports. The institutional investor owned 3,350 shares of the company’s stock after selling 1,900 shares during the quarter. Godsey & Gibb Inc.’s holdings in Sysco were worth $254,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Invesco Ltd. raised its stake in shares of Sysco by 1.0% in the 1st quarter. Invesco Ltd. now owns 17,070,502 shares of the company’s stock valued at $1,280,970,000 after purchasing an additional 162,961 shares during the period. Boston Partners raised its position in shares of Sysco by 24.8% in the first quarter. Boston Partners now owns 15,199,828 shares of the company’s stock valued at $1,139,798,000 after buying an additional 3,015,714 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Sysco by 2.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 7,353,551 shares of the company’s stock valued at $551,810,000 after buying an additional 146,573 shares in the last quarter. Northern Trust Corp raised its position in Sysco by 2.6% during the first quarter. Northern Trust Corp now owns 5,828,930 shares of the company’s stock valued at $437,403,000 after purchasing an additional 145,477 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Sysco by 8.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,087,250 shares of the company’s stock valued at $381,747,000 after purchasing an additional 391,614 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Sysco Price Performance

Shares of SYY opened at $80.86 on Tuesday. The firm’s 50-day simple moving average is $80.87 and its two-hundred day simple moving average is $76.22. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. 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 stock has a market cap of $38.69 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.54 and a beta of 0.82.

Sysco (NYSE:SYY) last posted its quarterly 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 analysts’ expectations of $21.01 billion. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 3rd. Sysco’s dividend payout ratio (DPR) is presently 57.91%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group set a $90.00 price target on shares of Sysco in a report on Wednesday, July 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Sysco in a research report on Saturday, September 27th. Truist Financial raised their price target on shares of Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Finally, Barclays increased their price objective on shares of Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.85.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the transaction, the executive vice president directly owned 56,304 shares of the company’s stock, valued at $4,504,320. This trade represents a 41.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ronald L. Phillips sold 37,606 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the completion of the sale, the executive vice president owned 30,235 shares of the company’s stock, valued at $2,449,035. This trade represents a 55.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,338 shares of company stock valued at $7,439,331 over the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

About Sysco

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.