Vestmark Advisory Solutions Inc. Invests $1.65 Million in Sysco Corporation $SYY

Vestmark Advisory Solutions Inc. bought a new stake in shares of Sysco Corporation (NYSE:SYY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,726 shares of the company’s stock, valued at approximately $1,646,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SYY. Chung Wu Investment Group LLC bought a new position in shares of Sysco during the 2nd quarter valued at about $30,000. N.E.W. Advisory Services LLC bought a new stake in Sysco during the first quarter worth approximately $33,000. Cheviot Value Management LLC acquired a new position in Sysco in the first quarter worth approximately $34,000. 1248 Management LLC acquired a new position in Sysco in the first quarter worth approximately $35,000. Finally, Banque Transatlantique SA bought a new position in shares of Sysco in the first quarter valued at $35,000. 83.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SYY shares. Truist Financial raised their price objective on Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Wells Fargo & Company set a $88.00 target price on Sysco and gave the company an “overweight” rating in a report on Tuesday, July 29th. Morgan Stanley set a $88.00 price target on Sysco in a research note on Tuesday, October 21st. Barclays lifted their target price on shares of Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings lowered shares of Sysco from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Insider Buying and Selling

In other news, EVP Ronald L. Phillips sold 961 shares of the 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 transaction, the executive vice president owned 41,501 shares in the company, valued at $3,361,581. This represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 14,598 shares of company stock valued at $1,182,438 over the last ninety days. Insiders own 0.56% of the company’s stock.

Sysco Stock Performance

Shares of NYSE SYY opened at $75.22 on Monday. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.70. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47. The business’s 50-day moving average price is $79.44 and its two-hundred day moving average price is $77.13. The company has a market capitalization of $36.02 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79.

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

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 3rd were paid a $0.54 dividend. The ex-dividend date 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 57.91%.

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.