Brooklyn Investment Group Purchases 1,280 Shares of Sysco Corporation $SYY

Brooklyn Investment Group lifted its position in shares of Sysco Corporation (NYSE:SYY) by 90.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,690 shares of the company’s stock after purchasing an additional 1,280 shares during the quarter. Brooklyn Investment Group’s holdings in Sysco were worth $202,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Rialto Wealth Management LLC lifted its position in Sysco by 188.7% in the 1st quarter. Rialto Wealth Management LLC now owns 332 shares of the company’s stock valued at $25,000 after acquiring an additional 217 shares in the last quarter. Parvin Asset Management LLC acquired a new position in Sysco in the 4th quarter worth $29,000. Golden State Wealth Management LLC boosted its stake in Sysco by 48.4% in the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares during the period. N.E.W. Advisory Services LLC acquired a new position in Sysco in the 1st quarter worth $33,000. Finally, Capital A Wealth Management LLC acquired a new position in Sysco in the 4th quarter worth $34,000. 83.41% of the stock is owned by institutional investors.

Insider Transactions at Sysco

In other news, EVP Ronald L. Phillips sold 6,286 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $81.00, for a total value of $509,166.00. Following the sale, the executive vice president directly owned 34,404 shares of the company’s stock, valued at approximately $2,786,724. This represents a 15.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Greg D. Bertrand sold 40,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 56,304 shares in the company, valued at approximately $4,504,320. The trade was a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,026 shares of company stock worth $6,766,059. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SYY has been the subject of a number of research analyst reports. Morgan Stanley upped their target price on shares of Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. Guggenheim upped their target price on shares of Sysco from $85.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. BMO Capital Markets reduced their target price on shares of Sysco from $82.00 to $77.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. upped their target price on shares of Sysco from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 20th. Finally, Bank of America boosted their price target on shares of Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.69.

Sysco Trading Up 1.7%

Shares of NYSE:SYY opened at $80.8660 on Thursday. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. The company’s 50-day moving average price is $77.93 and its two-hundred day moving average price is $74.27. The stock has a market capitalization of $39.20 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.46 and a beta of 0.83. Sysco Corporation has a one year low of $67.12 and a one year high of $82.64.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.09. The company 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%. Sysco’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities analysts forecast that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The company 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 $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. 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.