11,057 Shares in Sysco Corporation $SYY Purchased by Clear Trail Advisors LLC

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SYY. Vanguard Group Inc. boosted its stake in shares of Sysco by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 62,305,343 shares of the company’s stock worth $4,591,281,000 after buying an additional 814,270 shares during the last quarter. State Street Corp lifted its holdings in Sysco by 0.9% during the third quarter. State Street Corp now owns 26,669,576 shares of the company’s stock worth $2,195,973,000 after acquiring an additional 246,542 shares during the period. Capital Research Global Investors lifted its holdings in Sysco by 0.3% during the third quarter. Capital Research Global Investors now owns 18,360,707 shares of the company’s stock worth $1,511,821,000 after acquiring an additional 46,040 shares during the period. Geode Capital Management LLC boosted its position in Sysco by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 12,728,692 shares of the company’s stock worth $934,391,000 after purchasing an additional 131,659 shares during the last quarter. Finally, Norges Bank purchased a new position in Sysco in the fourth quarter worth $542,780,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft downgraded shares of 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. Barclays reduced their price target on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Citigroup raised their price objective on shares of Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Piper Sandler lowered their price objective on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.15.

Sysco Price Performance

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 stock has a fifty day simple moving average of $75.43 and a two-hundred day simple moving average of $78.34. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The firm has a market cap of $37.33 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 3.21 and a beta of 0.65.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The firm 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 firm earned $0.96 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Analysts anticipate that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be paid a $0.55 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.8%. This is an increase from Sysco’s previous quarterly dividend of $0.54. Sysco’s dividend payout ratio (DPR) is presently 59.83%.

Insider Buying and Selling

In other Sysco news, Director John M. Hinshaw acquired 13,304 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were acquired at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the acquisition, the director directly owned 40,200 shares in the company, valued at $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by company insiders.

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.