Clear Trail Advisors LLC Makes New Investment in Sysco Corporation $SYY

Clear Trail Advisors LLC purchased a new position in Sysco Corporation (NYSE:SYY) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,057 shares of the company’s stock, valued at approximately $789,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brookstone Capital Management lifted its holdings in Sysco by 7.4% during the 1st quarter. Brookstone Capital Management now owns 20,514 shares of the company’s stock worth $1,463,000 after purchasing an additional 1,419 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Sysco by 254.7% during the first quarter. SG Americas Securities LLC now owns 970,947 shares of the company’s stock valued at $69,258,000 after buying an additional 697,175 shares during the period. Park National Corp OH increased its position in shares of Sysco by 1.8% during the first quarter. Park National Corp OH now owns 9,102 shares of the company’s stock valued at $649,000 after buying an additional 163 shares during the period. Uhlmann Price Securities LLC purchased a new stake in shares of Sysco in the first quarter worth about $268,000. Finally, Diversified Trust Co purchased a new stake in shares of Sysco in the first quarter worth about $2,499,000. 83.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sysco

In related news, Director John M. Hinshaw acquired 13,304 shares of the stock in a transaction dated 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 owned 40,200 shares in the company, valued at $3,021,834. This represents a 49.46% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.56% of the company’s stock.

Sysco Stock Down 0.8%

Shares of NYSE SYY opened at $78.06 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. The business has a 50-day moving average of $75.43 and a 200-day moving average of $78.34. The firm has a market capitalization of $37.33 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 3.21 and a beta of 0.65. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The company had revenue of $20.52 billion during the quarter, compared to analysts’ expectations of $20.56 billion. During the same period in the prior year, the business earned $0.96 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Sell-side analysts expect that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a positive change from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is currently 59.83%.

Analyst Ratings Changes

Several equities analysts recently commented on SYY shares. Sanford C. Bernstein reduced their price objective on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings cut shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th. UBS Group cut their price target on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Citigroup increased their price objective on Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.15.

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.