Lynch & Associates IN Sells 260 Shares of Sysco Corporation $SYY

Lynch & Associates IN trimmed its position in shares of Sysco Corporation (NYSE:SYY) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,909 shares of the company’s stock after selling 260 shares during the quarter. Lynch & Associates IN’s holdings in Sysco were worth $4,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Northside Capital Management LLC acquired a new stake in shares of Sysco during the second quarter worth approximately $1,058,000. Ballentine Partners LLC increased its holdings in shares of Sysco by 1.2% during the second quarter. Ballentine Partners LLC now owns 13,324 shares of the company’s stock worth $1,009,000 after buying an additional 155 shares in the last quarter. Kagan Cocozza Asset Management increased its holdings in shares of Sysco by 2.9% during the second quarter. Kagan Cocozza Asset Management now owns 9,262 shares of the company’s stock worth $701,000 after buying an additional 262 shares in the last quarter. Waycross Partners LLC increased its holdings in shares of Sysco by 3.3% during the second quarter. Waycross Partners LLC now owns 303,141 shares of the company’s stock worth $22,960,000 after buying an additional 9,789 shares in the last quarter. Finally, Revisor Wealth Management LLC increased its holdings in shares of Sysco by 48.7% during the second quarter. Revisor Wealth Management LLC now owns 11,367 shares of the company’s stock worth $886,000 after buying an additional 3,725 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

Shares of SYY stock opened at $82.19 on Wednesday. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. The company has a market capitalization of $39.84 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 2.52 and a beta of 0.80. The company’s 50 day moving average price is $80.38 and its two-hundred day moving average price is $75.67. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.24.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.39 by $0.09. The firm had revenue of $21.14 billion for the quarter, compared to the consensus estimate of $21.01 billion. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company posted $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.6%. Sysco’s dividend payout ratio (DPR) is 57.91%.

Insider Buying and Selling

In other news, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction that occurred on 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 sale, the executive vice president directly owned 56,304 shares in the company, valued at $4,504,320. This trade represents a 41.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 41,501 shares in the company, valued at $3,361,581. This trade represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,338 shares of company stock worth $7,439,331 over the last quarter. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on SYY shares. Truist Financial raised their price objective on shares of Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Morgan Stanley raised their target price on shares of Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Bank of America raised their target price on shares of Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, UBS Group set a $90.00 target price on shares of Sysco in a research note on Wednesday, July 30th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.69.

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.