Key Points
- Sysco director John Hinshaw bought 13,304 shares on May 26 at an average price of $75.17, spending just over $1.0 million. The purchase increased his ownership by about 49.46% to 40,200 shares.
- Sysco shares were trading around $75.23, near their 50-day moving average and below the 200-day average, with the stock down slightly on the day. The company’s market value is about $35.97 billion.
- Sysco recently raised its quarterly dividend to $0.55 per share from $0.54, equal to an annualized dividend of $2.20 and a yield of about 2.9%. The payout ratio is currently 59.83%.
Sysco Corporation (NYSE:SYY - Get Free Report) Director John Hinshaw acquired 13,304 shares of the stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the transaction, the director directly owned 40,200 shares in the company, valued at approximately $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Sysco Stock Down 0.1%
Shares of NYSE SYY opened at $75.23 on Thursday. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. Sysco Corporation has a 52 week low of $68.19 and a 52 week high of $91.85. The stock has a market capitalization of $35.97 billion, a P/E ratio of 20.84, a PEG ratio of 3.08 and a beta of 0.66. The stock's fifty day moving average is $75.47 and its 200 day moving average is $78.11.
Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The company had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter in the previous year, the business posted $0.96 EPS. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Sell-side analysts forecast that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.
Sysco Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be given a $0.55 dividend. This is a boost from Sysco's previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Thursday, July 2nd. Sysco's dividend payout ratio (DPR) is presently 59.83%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on SYY shares. Truist Financial increased their price target on Sysco from $90.00 to $94.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. Jefferies Financial Group boosted their price target on Sysco from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. UBS Group reduced their price target on Sysco from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft cut Sysco from a "buy" rating to a "hold" rating and set a $84.00 price target on the stock. in a report on Tuesday, April 28th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Sysco in a report on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, Sysco has an average rating of "Moderate Buy" and a consensus target price of $88.15.
Read Our Latest Research Report on SYY
Institutional Trading of Sysco
Hedge funds and other institutional investors have recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Sysco during the third quarter worth about $25,000. Lloyd Advisory Services LLC. acquired a new position in shares of Sysco in the fourth quarter worth approximately $25,000. Motiv8 Investments LLC acquired a new position in shares of Sysco in the fourth quarter worth approximately $25,000. Peterson Wealth Services lifted its stake in shares of Sysco by 875.7% in the third quarter. Peterson Wealth Services now owns 361 shares of the company's stock worth $30,000 after acquiring an additional 324 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in shares of Sysco by 87.6% in the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company's stock worth $26,000 after acquiring an additional 170 shares during the period. 83.41% of the stock is currently owned by institutional investors.
About Sysco
(
Get Free Report)
Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.
Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.
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