D L Carlson Investment Group Inc. Invests $3.46 Million in Sysco Corporation $SYY

D L Carlson Investment Group Inc. bought a new stake in Sysco Corporation (NYSE:SYY) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 41,381 shares of the company’s stock, valued at approximately $3,459,000.

Other institutional investors also recently bought and sold shares of the company. Lloyd Advisory Services LLC. purchased a new position in Sysco in the 4th quarter worth approximately $25,000. Motiv8 Investments LLC purchased a new stake in shares of Sysco during the fourth quarter valued at approximately $25,000. Sunbelt Securities Inc. grew its holdings 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 purchasing an additional 170 shares during the last quarter. Torren Management LLC purchased a new position in shares of Sysco in the fourth quarter worth $27,000. Finally, Bard Associates Inc. purchased a new position in shares of Sysco in the fourth quarter worth $27,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Stock Up 0.9%

Shares of NYSE:SYY opened at $83.21 on Friday. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85. The firm has a market capitalization of $39.84 billion, a P/E ratio of 22.74, a P/E/G ratio of 2.82 and a beta of 0.64. The stock has a 50 day moving average price of $82.55 and a 200-day moving average price of $80.62. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.02. The company had revenue of $22.12 billion for the quarter, compared to analyst estimates of $21.95 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%.The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.48 earnings per share. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. As a group, equities research analysts anticipate that Sysco Corporation will post 5.1 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 2nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, October 2nd. Sysco’s dividend payout ratio (DPR) is presently 60.11%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Morgan Stanley boosted their price objective on shares of Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft lowered shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a report on Tuesday, April 28th. Citigroup raised their target price on Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Piper Sandler boosted their price target on Sysco from $77.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Sysco has an average rating of “Moderate Buy” and a consensus target price of $89.50.

Insider Activity

In related news, EVP Ronald L. Phillips sold 6,285 shares of Sysco stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $83.94, for a total transaction of $527,562.90. Following the completion of the transaction, the executive vice president directly owned 39,970 shares of the company’s stock, valued at $3,355,081.80. This trade represents a 13.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John M. Hinshaw acquired 13,304 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the purchase, the director directly owned 40,200 shares of the company’s stock, valued at $3,021,834. This represents a 49.46% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.56% of the stock is owned by company insiders.

About Sysco

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.