A. D. Beadell Investment Counsel Inc. Has $844,000 Stock Position in Sysco Corporation $SYY

A. D. Beadell Investment Counsel Inc. raised its stake in shares of Sysco Corporation (NYSE:SYY) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,147 shares of the company’s stock after purchasing an additional 500 shares during the quarter. A. D. Beadell Investment Counsel Inc.’s holdings in Sysco were worth $844,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Boyd Watterson Asset Management LLC OH boosted its holdings in Sysco by 106.4% during the first quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company’s stock valued at $236,000 after purchasing an additional 1,622 shares in the last quarter. Gradient Investments LLC increased its holdings in shares of Sysco by 9.2% during the second quarter. Gradient Investments LLC now owns 189,169 shares of the company’s stock worth $14,328,000 after buying an additional 15,906 shares in the last quarter. Beacon Financial Group increased its holdings in shares of Sysco by 55.5% during the second quarter. Beacon Financial Group now owns 9,955 shares of the company’s stock worth $754,000 after buying an additional 3,554 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Sysco by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 223,510 shares of the company’s stock worth $16,772,000 after buying an additional 4,932 shares in the last quarter. Finally, Gallacher Capital Management LLC acquired a new stake in shares of Sysco during the second quarter worth approximately $730,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Trading Down 0.9%

Shares of NYSE SYY opened at $81.08 on Friday. The company’s 50 day simple moving average is $80.53 and its 200 day simple moving average is $75.74. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.24. The firm has a market capitalization of $39.30 billion, a P/E ratio of 21.74, a P/E/G ratio of 2.53 and a beta of 0.80. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70.

Sysco (NYSE:SYY) last issued its quarterly earnings data 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. 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 analysts’ expectations of $21.01 billion. During the same quarter in the previous year, the company earned $1.39 earnings per share. The business’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. On average, analysts predict that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 3rd. Sysco’s dividend payout ratio is presently 57.91%.

Insider Activity at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total value of $77,841.00. Following the completion of the sale, the executive vice president owned 41,501 shares of the company’s stock, valued at approximately $3,361,581. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Greg D. Bertrand sold 40,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $4,504,320. The trade was a 41.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,338 shares of company stock valued at $7,439,331 in the last ninety days. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

SYY has been the subject of several recent analyst reports. UBS Group set a $90.00 price objective on shares of Sysco in a report on Wednesday, July 30th. 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. Bank of America raised their price objective on shares of Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Barclays upped their target price on shares of Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.69.

About Sysco

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.