United Capital Financial Advisors LLC Purchases Shares of 31,501 Sysco Corporation $SYY

United Capital Financial Advisors LLC acquired a new position in Sysco Corporation (NYSE:SYY) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,501 shares of the company’s stock, valued at approximately $2,633,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lloyd Advisory Services LLC. bought a new stake in shares of Sysco during the 4th quarter worth $25,000. Motiv8 Investments LLC bought a new stake in Sysco during the fourth quarter worth about $25,000. Sunbelt Securities Inc. boosted its holdings in shares of Sysco by 87.6% in the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Torren Management LLC purchased a new position in shares of Sysco in the 4th quarter worth about $27,000. Finally, Bard Associates Inc. bought a new position in shares of Sysco during the 4th quarter valued at about $27,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Price Performance

Shares of Sysco stock opened at $81.95 on Friday. The company’s fifty day simple moving average is $83.05 and its two-hundred day simple moving average is $80.59. Sysco Corporation has a 12-month low of $68.19 and a 12-month high of $91.85. The firm has a market cap of $39.26 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 2.81 and a beta of 0.64. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 4.62.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.51 by $0.02. The firm had revenue of $22.12 billion during the quarter, compared to the consensus estimate of $21.95 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 earnings per share. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. As a group, equities analysts expect that Sysco Corporation will post 5.12 EPS for the current year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 2nd will be issued a $0.55 dividend. The ex-dividend date is Friday, October 2nd. This represents a $2.20 annualized dividend and a yield of 2.7%. Sysco’s dividend payout ratio (DPR) is 60.11%.

Insider Buying and Selling at Sysco

In other news, EVP Ronald L. Phillips sold 506 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $84.09, for a total transaction of $42,549.54. Following the transaction, the executive vice president directly owned 36,313 shares of the company’s stock, valued at approximately $3,053,560.17. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 14,508 shares of company stock valued at $1,215,250. 0.56% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SYY has been the subject of a number of recent research reports. Melius Research downgraded Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Weiss Ratings raised shares of Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 19th. UBS Group boosted their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Citigroup upped their price objective on shares of Sysco from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of Sysco from a “hold” rating to a “buy” rating in a research report on Saturday. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.50.

Sysco 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.