United Asset Strategies Inc. Raises Stake in Sysco Corporation $SYY

United Asset Strategies Inc. raised its position in Sysco Corporation (NYSE:SYY) by 174.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,362 shares of the company’s stock after purchasing an additional 18,044 shares during the period. United Asset Strategies Inc.’s holdings in Sysco were worth $2,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Chung Wu Investment Group LLC acquired a new stake in Sysco in the second quarter valued at $30,000. N.E.W. Advisory Services LLC purchased a new stake in Sysco during the first quarter worth approximately $33,000. Cheviot Value Management LLC purchased a new position in Sysco in the first quarter valued at approximately $34,000. 1248 Management LLC acquired a new stake in Sysco during the first quarter worth approximately $35,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Sysco during the 1st quarter worth approximately $35,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SYY has been the topic of several research analyst reports. Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Morgan Stanley set a $88.00 target price on Sysco in a research report on Tuesday, October 21st. Guggenheim boosted their price objective on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Bank of America lifted their target price on shares of Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a report on Friday, July 18th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Sysco Stock Up 1.2%

SYY stock opened at $75.48 on Wednesday. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.70 and a current ratio of 1.15. The stock has a market capitalization of $36.14 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47. The company has a fifty day moving average of $79.22 and a 200-day moving average of $77.17.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.03. The company had revenue of $21.15 billion for the quarter, compared to analysts’ expectations of $21.03 billion. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, analysts expect that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 3rd were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, October 3rd. Sysco’s payout ratio is 57.91%.

Insider Activity

In related news, EVP Ronald L. Phillips sold 961 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total transaction of $77,841.00. Following the sale, the executive vice president owned 41,501 shares of the company’s stock, valued at $3,361,581. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by corporate insiders.

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.