Stokes Family Office LLC Grows Stock Holdings in Sysco Corporation $SYY

Stokes Family Office LLC boosted its position in Sysco Corporation (NYSE:SYY) by 7.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,758 shares of the company’s stock after buying an additional 1,181 shares during the period. Stokes Family Office LLC’s holdings in Sysco were worth $1,269,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Chung Wu Investment Group LLC purchased a new position in Sysco during the 2nd quarter valued at about $30,000. N.E.W. Advisory Services LLC purchased a new position in Sysco during the first quarter worth $33,000. Cheviot Value Management LLC acquired a new position in shares of Sysco in the first quarter worth $34,000. 1248 Management LLC acquired a new position in shares of Sysco in the first quarter worth $35,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Sysco in the first quarter valued at $35,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 7,351 shares of the stock in a transaction 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 completion of the sale, the executive vice president directly owned 41,837 shares in the company, valued at approximately $3,388,797. This represents a 14.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 14,732 shares of company stock valued at $1,193,245. Company insiders own 0.56% of the company’s stock.

Sysco Stock Performance

Shares of NYSE:SYY opened at $75.22 on Friday. The firm has a market capitalization of $36.02 billion, a PE ratio of 20.17, a P/E/G ratio of 2.19 and a beta of 0.79. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.70. The business has a 50-day moving average of $79.44 and a two-hundred day moving average of $77.07. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $83.47.

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

Sysco Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently commented on SYY. UBS Group set a $90.00 price objective on Sysco in a research report on Wednesday, July 30th. Bank of America boosted their price objective on shares of Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Weiss Ratings upgraded shares of Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Morgan Stanley set a $88.00 price target on Sysco in a report on Tuesday, October 21st. Finally, Guggenheim lifted their price target on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a report on Monday, October 6th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $87.00.

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.