Verdence Capital Advisors LLC Has $2.46 Million Position in Sysco Corporation $SYY

Verdence Capital Advisors LLC lifted its stake in shares of Sysco Corporation (NYSE:SYY) by 0.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,536 shares of the company’s stock after acquiring an additional 233 shares during the period. Verdence Capital Advisors LLC’s holdings in Sysco were worth $2,464,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SYY. Farther Finance Advisors LLC raised its holdings in Sysco by 30.9% during the first quarter. Farther Finance Advisors LLC now owns 5,502 shares of the company’s stock worth $415,000 after buying an additional 1,298 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Sysco by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 223,510 shares of the company’s stock valued at $16,772,000 after buying an additional 4,932 shares during the period. Hennessy Advisors Inc. bought a new position in Sysco during the first quarter valued at about $2,761,000. Dynamic Advisor Solutions LLC bought a new position in Sysco during the first quarter valued at about $202,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in Sysco during the first quarter valued at about $7,368,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

NYSE:SYY opened at $78.44 on Monday. The stock has a market cap of $37.53 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 2.43 and a beta of 0.82. The firm’s fifty day simple moving average is $80.81 and its 200 day simple moving average is $76.41. 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 1.21 and a debt-to-equity ratio of 6.75.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.09. The business 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 firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, research analysts predict that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, October 3rd. Sysco’s payout ratio is 57.91%.

Analysts Set New Price Targets

SYY has been the subject of a number of research reports. UBS Group set a $90.00 target price on shares of Sysco in a research report on Wednesday, July 30th. Truist Financial raised their target price on shares of Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Morgan Stanley raised their target price on shares of Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Guggenheim lifted their price target on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.85.

Insiders Place Their Bets

In other news, EVP Ronald L. Phillips sold 961 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were 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 in the company, valued at approximately $3,361,581. The trade was a 2.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Greg D. Bertrand sold 40,000 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the sale, the executive vice president owned 56,304 shares in the company, valued at approximately $4,504,320. This trade represents a 41.54% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,338 shares of company stock worth $7,439,331. Company insiders own 0.56% of the company’s stock.

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.