WBI Investments LLC Buys 7,170 Shares of Sysco Corporation $SYY

WBI Investments LLC increased its stake in Sysco Corporation (NYSE:SYY) by 212.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,541 shares of the company’s stock after purchasing an additional 7,170 shares during the quarter. WBI Investments LLC’s holdings in Sysco were worth $868,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 1620 Investment Advisors Inc. boosted its stake in Sysco by 2.6% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 4,904 shares of the company’s stock worth $404,000 after purchasing an additional 126 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Sysco by 0.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 40,852 shares of the company’s stock valued at $3,364,000 after buying an additional 130 shares during the period. Silver Oak Securities Incorporated increased its position in shares of Sysco by 4.0% during the third quarter. Silver Oak Securities Incorporated now owns 3,493 shares of the company’s stock valued at $288,000 after buying an additional 134 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Sysco by 75.0% in the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after buying an additional 135 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of Sysco by 4.6% in the third quarter. Global Retirement Partners LLC now owns 3,227 shares of the company’s stock valued at $266,000 after acquiring an additional 141 shares during the period. 83.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SYY shares. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Citigroup raised their price target on shares of Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. UBS Group boosted their price target on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Wells Fargo & Company upped their price target on shares of Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a research report on Wednesday, January 28th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Sysco Stock Down 0.3%

SYY stock opened at $84.25 on Wednesday. The company’s 50 day moving average is $83.91 and its 200 day moving average is $79.58. The stock has a market cap of $40.35 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 2.63 and a beta of 0.58. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $91.85.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The business had revenue of $20.76 billion during the quarter, compared to analyst estimates of $20.80 billion. During the same period in the previous year, the business posted $0.93 earnings per share. Sysco’s revenue for the quarter was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Sell-side analysts predict that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, April 2nd. Sysco’s payout ratio is currently 58.06%.

Insiders Place Their Bets

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total transaction of $453,681.00. Following the sale, the executive vice president owned 35,965 shares in the company, valued at $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the sale, the director directly owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.56% of the company’s stock.

Sysco Company Profile

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.