Rehmann Capital Advisory Group Purchases 3,450 Shares of Sysco Corporation $SYY

Rehmann Capital Advisory Group lifted its position in shares of Sysco Corporation (NYSE:SYY) by 17.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,066 shares of the company’s stock after purchasing an additional 3,450 shares during the period. Rehmann Capital Advisory Group’s holdings in Sysco were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Boyd Watterson Asset Management LLC OH increased its stake in Sysco by 106.4% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company’s stock worth $236,000 after acquiring an additional 1,622 shares during the period. Gradient Investments LLC increased its stake in Sysco by 9.2% during the 2nd quarter. Gradient Investments LLC now owns 189,169 shares of the company’s stock worth $14,328,000 after acquiring an additional 15,906 shares during the period. Beacon Financial Group increased its stake in Sysco by 55.5% during the 2nd quarter. Beacon Financial Group now owns 9,955 shares of the company’s stock worth $754,000 after acquiring an additional 3,554 shares during the period. Shell Asset Management Co. increased its stake in Sysco by 31.6% during the 2nd quarter. Shell Asset Management Co. now owns 19,218 shares of the company’s stock worth $1,456,000 after acquiring an additional 4,620 shares during the period. Finally, KLP Kapitalforvaltning AS increased its stake in Sysco by 5.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 448,600 shares of the company’s stock worth $33,977,000 after acquiring an additional 24,500 shares during the period. Institutional investors own 83.41% of the company’s stock.

Sysco Trading Down 0.8%

Shares of SYY stock opened at $78.55 on Thursday. The stock’s fifty day moving average price is $80.63 and its two-hundred day moving average price is $76.65. The company has a market cap of $37.59 billion, a PE ratio of 21.06, a P/E/G ratio of 2.44 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 company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21.

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

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 annualized dividend and a dividend yield of 2.7%. Sysco’s dividend payout ratio (DPR) is 57.91%.

Insider Buying and Selling at Sysco

In related news, EVP Ronald L. Phillips sold 961 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total transaction of $77,841.00. Following the sale, the executive vice president owned 41,501 shares of the company’s stock, valued at $3,361,581. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 14,732 shares of company stock worth $1,193,245. Company insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SYY shares. Bank of America raised their price objective on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. UBS Group set a $90.00 price objective on Sysco in a research note on Wednesday, July 30th. Barclays raised their price objective on Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Morgan Stanley set a $88.00 target price on Sysco in a report on Tuesday. Finally, Wall Street Zen raised Sysco from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

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.