VeraBank N.A. Acquires New Position in Sysco Corporation $SYY

VeraBank N.A. bought a new position in Sysco Corporation (NYSE:SYY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,657 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Chung Wu Investment Group LLC purchased a new position in Sysco in the 2nd quarter worth $30,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Sysco during the first quarter valued at approximately $33,000. Hantz Financial Services Inc. grew its holdings in shares of Sysco by 234.3% in the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $35,000 after purchasing an additional 321 shares during the last quarter. 1248 Management LLC bought a new stake in Sysco during the 1st quarter valued at $35,000. Finally, Cheviot Value Management LLC bought a new stake in Sysco during the 1st quarter valued at $34,000. 83.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of Sysco from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday. Guggenheim raised their target price on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Wells Fargo & Company set a $88.00 price target on Sysco and gave the company an “overweight” rating in a report on Tuesday, July 29th. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Citigroup reduced their target price on Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.00.

Sysco Stock Performance

Shares of SYY opened at $75.48 on Wednesday. The company has a 50-day simple moving average of $79.22 and a two-hundred day simple moving average of $77.17. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.70. The firm 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.

Sysco (NYSE:SYY) last announced 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. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The firm had revenue of $21.15 billion during the quarter, compared to analyst estimates of $21.03 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

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

Insider Buying and Selling at Sysco

In related news, EVP Ronald L. Phillips sold 961 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 41,501 shares in the company, valued at $3,361,581. This trade represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by corporate insiders.

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.