Simon Quick Advisors LLC Grows Position in Sysco Corporation $SYY

Simon Quick Advisors LLC grew its stake in shares of Sysco Corporation (NYSE:SYY) by 25.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,063 shares of the company’s stock after purchasing an additional 1,011 shares during the quarter. Simon Quick Advisors LLC’s holdings in Sysco were worth $383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chung Wu Investment Group LLC purchased a new stake in Sysco in the second quarter worth $30,000. N.E.W. Advisory Services LLC bought a new position in shares of Sysco during the first quarter valued at $33,000. Hantz Financial Services Inc. increased its holdings in shares of Sysco by 234.3% during the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $35,000 after acquiring an additional 321 shares in the last quarter. 1248 Management LLC bought a new position in shares of Sysco during the first quarter valued at $35,000. Finally, Cheviot Value Management LLC bought a new position in shares of Sysco during the first quarter valued at $34,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Down 0.5%

SYY stock opened at $74.35 on Monday. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. The stock has a market cap of $35.60 billion, a P/E ratio of 19.93, a PEG ratio of 2.19 and a beta of 0.82. The business’s 50-day moving average price is $80.08 and its 200-day moving average price is $77.08.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The firm had revenue of $21.15 billion for the quarter, compared to analysts’ expectations of $21.03 billion. During the same period in the previous year, the firm earned $1.09 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities research analysts forecast that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 3rd were issued a $0.54 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 2.9%. Sysco’s payout ratio is currently 57.91%.

Insider Buying and Selling

In related news, EVP Ronald L. Phillips sold 7,351 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $81.00, for a total value of $595,431.00. Following the transaction, the executive vice president directly owned 41,837 shares of the company’s stock, valued at approximately $3,388,797. The trade was a 14.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 14,732 shares of company stock valued at $1,193,245. 0.56% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Morgan Stanley set a $88.00 price objective on Sysco in a report on Tuesday, October 21st. Weiss Ratings upgraded Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Barclays boosted their price target on Sysco from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group set a $90.00 price target on Sysco in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company set a $88.00 price target on Sysco and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.31.

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.