Mattson Financial Services LLC Buys 705 Shares of Sysco Corporation $SYY

Mattson Financial Services LLC grew its position in shares of Sysco Corporation (NYSE:SYY) by 5.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,016 shares of the company’s stock after buying an additional 705 shares during the quarter. Mattson Financial Services LLC’s holdings in Sysco were worth $977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. lifted its holdings in shares of Sysco by 1.0% during the 1st quarter. Invesco Ltd. now owns 17,070,502 shares of the company’s stock valued at $1,280,970,000 after buying an additional 162,961 shares during the period. Boston Partners lifted its holdings in Sysco by 24.8% in the first quarter. Boston Partners now owns 15,199,828 shares of the company’s stock valued at $1,139,798,000 after acquiring an additional 3,015,714 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in Sysco by 2.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 7,353,551 shares of the company’s stock valued at $551,810,000 after acquiring an additional 146,573 shares during the period. Northern Trust Corp lifted its holdings in Sysco by 2.6% in the first quarter. Northern Trust Corp now owns 5,828,930 shares of the company’s stock valued at $437,403,000 after acquiring an additional 145,477 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Sysco by 8.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,087,250 shares of the company’s stock valued at $381,747,000 after acquiring an additional 391,614 shares during the period. 83.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SYY has been the topic of a number of recent research reports. Truist Financial raised their target price on Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Morgan Stanley lifted their target price on Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Wells Fargo & Company set a $88.00 target price on shares of Sysco and gave the stock an “overweight” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. increased their target price on shares of Sysco from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, May 20th. Finally, Citigroup assumed coverage on shares of Sysco in a report on Thursday, May 22nd. They issued a “neutral” rating and a $78.00 target price for the company. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $85.69.

Sysco Stock Performance

NYSE SYY opened at $80.25 on Thursday. The firm has a market cap of $38.90 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 2.50 and a beta of 0.80. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75. The business has a 50-day moving average price of $79.53 and a 200-day moving average price of $75.25. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.17.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The firm had revenue of $21.14 billion during the quarter, compared to analyst estimates of $21.01 billion. During the same quarter in the prior year, the business earned $1.39 earnings per share. Sysco’s revenue for the quarter was up 2.8% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities research analysts predict that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.54 per share. The ex-dividend date is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. Sysco’s dividend payout ratio (DPR) is presently 57.91%.

Insider Transactions at Sysco

In other news, EVP Ronald L. Phillips sold 37,606 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the completion of the transaction, the executive vice president owned 30,235 shares in the company, valued at $2,449,035. This trade represents a 55.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Greg D. Bertrand sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the transaction, the executive vice president owned 56,304 shares of the company’s stock, valued at approximately $4,504,320. The trade was a 41.54% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,377 shares of company stock valued at $7,361,490. Company insiders own 0.54% of the company’s stock.

Sysco 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.