Carrera Capital Advisors Takes Position in Sysco Corporation $SYY

Carrera Capital Advisors purchased a new position in Sysco Corporation (NYSE:SYY) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 43,860 shares of the company’s stock, valued at approximately $3,611,000. Sysco comprises approximately 0.6% of Carrera Capital Advisors’ investment portfolio, making the stock its 28th biggest position.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Sysco by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after purchasing an additional 1,226,381 shares in the last quarter. Geode Capital Management LLC grew its position in Sysco by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 12,551,872 shares of the company’s stock worth $946,694,000 after purchasing an additional 183,179 shares during the period. Norges Bank purchased a new position in Sysco during the second quarter valued at approximately $493,686,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Sysco by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,131,931 shares of the company’s stock valued at $237,212,000 after purchasing an additional 27,693 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Sysco by 12.0% in the second quarter. Ameriprise Financial Inc. now owns 2,639,931 shares of the company’s stock worth $201,076,000 after acquiring an additional 283,706 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Activity

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 transaction, the executive vice president owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.56% of the company’s stock.

Sysco Stock Performance

Shares of Sysco stock opened at $83.85 on Friday. Sysco Corporation has a one year low of $67.12 and a one year high of $85.33. The business has a 50-day simple moving average of $75.61 and a 200-day simple moving average of $77.91. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.65 and a current ratio of 1.30. The company has a market cap of $40.16 billion, a PE ratio of 22.54, a P/E/G ratio of 2.67 and a beta of 0.61.

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

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 2nd were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is 58.06%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SYY shares. Barclays increased their target price on Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday. Citigroup upped their price objective on shares of Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Finally, Morgan Stanley dropped their price target on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.38.

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.