Sysco (NYSE:SYY) Director Acquires $1,000,061.68 in Stock

Sysco Corporation (NYSE:SYY) Director John Hinshaw acquired 13,304 shares of Sysco stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the transaction, the director owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. The trade was a 49.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Sysco Price Performance

SYY opened at $75.98 on Friday. The stock has a market cap of $36.33 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 3.10 and a beta of 0.66. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. The stock has a fifty day moving average price of $75.17 and a 200 day moving average price of $78.10.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The company had revenue of $20.52 billion for the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter last year, the business earned $0.96 earnings per share. Sysco’s quarterly revenue was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Analysts forecast that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.9%. This is an increase from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. Sysco’s dividend payout ratio is 59.83%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a report on Tuesday, April 28th. UBS Group cut their target price on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings lowered Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 30th. Wells Fargo & Company raised their target price on Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Finally, Guggenheim cut their target price on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.15.

Hedge Funds Weigh In On Sysco

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. bought a new position in Sysco during the third quarter valued at about $25,000. Lloyd Advisory Services LLC. acquired a new stake in Sysco during the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC acquired a new stake in Sysco during the fourth quarter valued at approximately $25,000. Sunbelt Securities Inc. boosted its holdings in Sysco by 87.6% during the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in Sysco during the fourth quarter valued at approximately $27,000. 83.41% of the stock is currently owned by institutional investors.

Sysco Company Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.