Vision Capital Management Inc. Grows Position in Sysco Corporation $SYY

Vision Capital Management Inc. raised its holdings in shares of Sysco Corporation (NYSE:SYY) by 6.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,687 shares of the company’s stock after buying an additional 766 shares during the quarter. Vision Capital Management Inc.’s holdings in Sysco were worth $961,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SYY. Boyd Watterson Asset Management LLC OH grew its holdings in shares of Sysco by 106.4% in 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 during the period. Gradient Investments LLC grew its holdings in shares of Sysco by 9.2% in the second quarter. Gradient Investments LLC now owns 189,169 shares of the company’s stock valued at $14,328,000 after purchasing an additional 15,906 shares during the period. Beacon Financial Group grew its holdings in shares of Sysco by 55.5% in the second quarter. Beacon Financial Group now owns 9,955 shares of the company’s stock valued at $754,000 after purchasing an additional 3,554 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Sysco by 2.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 223,510 shares of the company’s stock valued at $16,772,000 after purchasing an additional 4,932 shares during the period. Finally, Gallacher Capital Management LLC purchased a new stake in shares of Sysco in the second quarter valued at about $730,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Wells Fargo & Company set a $88.00 target price on shares of Sysco and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Morgan Stanley upped their target price on shares of Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Finally, Barclays upped their target price on shares of Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Ten investment 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.69.

Sysco Price Performance

Shares of NYSE SYY opened at $81.08 on Friday. 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 stock has a fifty day moving average price of $80.53 and a 200 day moving average price of $75.74. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $83.24. The company has a market cap of $39.30 billion, a PE ratio of 21.74, a P/E/G ratio of 2.53 and a beta of 0.80.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.09. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The firm had revenue of $21.14 billion during the quarter, compared to the consensus estimate of $21.01 billion. During the same period last year, the company earned $1.39 earnings per share. The company’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. Sell-side analysts forecast that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Greg D. Bertrand sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the sale, the executive vice president owned 56,304 shares in the company, valued at $4,504,320. This represents a 41.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was 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 in the company, valued at approximately $3,361,581. This represents a 2.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 92,338 shares of company stock valued at $7,439,331. 0.54% of the stock is owned by corporate insiders.

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.