Insider Buying: Sysco (NYSE:SYY) Director Purchases $191,550.00 in Stock

Sysco Corporation (NYSE:SYY) Director Thomas Gerard Ondrof purchased 2,500 shares of Sysco stock in a transaction dated Wednesday, November 4th. The stock was bought at an average price of $76.62 per share, with a total value of $191,550.00. Following the completion of the transaction, the director owned 2,500 shares of the company’s stock, valued at $191,550. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sysco Price Performance

Shares of SYY traded down $1.80 during midday trading on Thursday, hitting $75.14. 4,722,262 shares of the company traded hands, compared to its average volume of 4,032,702. The stock has a 50-day moving average of $80.17 and a 200-day moving average of $80.51. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.46 and a quick ratio of 0.77. The firm has a market cap of $36.96 billion, a P/E ratio of 19.98, a PEG ratio of 2.08 and a beta of 0.66. Sysco Corporation has a one year low of $68.19 and a one year high of $91.85.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, November 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.19. Sysco had a net margin of 2.12% and a return on equity of 79.24%. The business had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $22.02 billion. During the same period in the prior year, the company posted $1.15 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that Sysco Corporation will post 5.09 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 2nd were given a dividend of $0.55 per share. The ex-dividend date was Friday, October 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. Sysco’s dividend payout ratio (DPR) is presently 60.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SYY. Sunbelt Securities Inc. grew its position in Sysco by 87.6% in the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock worth $26,000 after acquiring an additional 170 shares in the last quarter. Salomon & Ludwin LLC boosted its stake in Sysco by 718.6% during the third quarter. Salomon & Ludwin LLC now owns 352 shares of the company’s stock worth $27,000 after buying an additional 309 shares during the period. N.E.W. Advisory Services LLC bought a new position in Sysco during the second quarter valued at $29,000. Markowski Investments bought a new position in Sysco during the second quarter valued at $31,000. Finally, Parvin Asset Management LLC bought a new position in Sysco during the second quarter valued at $32,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SYY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Sysco from $86.00 to $89.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Weiss Ratings downgraded shares of Sysco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Morgan Stanley lifted their target price on shares of Sysco from $88.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, October 15th. Sanford C. Bernstein restated a “market perform” rating on shares of Sysco in a report on Wednesday. Finally, Bank of America boosted their target price on shares of Sysco from $91.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sysco has an average rating of “Moderate Buy” and an average price target of $91.33.

Key Stories Impacting Sysco

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Sysco’s local case volume grew 2.7% in fiscal Q1, and its AI transformation is aimed at generating $100 million in savings in fiscal 2027. Sysco: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: UBS said execution remains on track despite first-quarter challenges, offering a supportive view of the company’s operating performance. Sysco’s Execution Remains on Track Amid Fiscal Q1 Challenges, UBS Says
• Neutral Sentiment: Sysco kicked off its annual Purpose Month focused on food insecurity and continued its partnership with Happy Day Brands; the announcement may support its reputation but is not a clear near-term earnings catalyst. Sysco Kicks Off 4th Annual Purpose Month
• Negative Sentiment: Fiscal Q1 EPS met expectations, but revenue missed estimates, and softer sales guidance sparked concern about near-term growth. Reports linked the earnings release to a sharp share decline. Sysco retreats on revenue miss and softer sales guidance
• Negative Sentiment: The proposed $29.1 billion Jetro Restaurant Depot acquisition remains subject to FTC clearance, creating regulatory and cost uncertainty. An investor notice also reported a pending investigation related to the deal. Sysco Investigation Notice
• Negative Sentiment: JPMorgan lowered its price target to $92 from $95, a less favorable revision even though the new target remains above the recent share price. JPMorgan Adjusts Price Target on Sysco

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.