Stephens Inc. AR Has $1.90 Million Stock Position in Sysco Corporation $SYY

Stephens Inc. AR grew its stake in Sysco Corporation (NYSE:SYY) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,040 shares of the company’s stock after purchasing an additional 140 shares during the quarter. Stephens Inc. AR’s holdings in Sysco were worth $1,897,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SYY. Chung Wu Investment Group LLC acquired a new position in shares of Sysco in the 2nd quarter valued at $30,000. Golden State Wealth Management LLC lifted its stake in shares of Sysco by 48.4% in the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of Sysco in the 1st quarter valued at $33,000. Cheviot Value Management LLC acquired a new position in shares of Sysco in the 1st quarter valued at $34,000. Finally, 1248 Management LLC acquired a new position in shares of Sysco in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. UBS Group set a $90.00 price target on Sysco in a research note on Wednesday, July 30th. Sanford C. Bernstein started coverage on Sysco in a research note on Wednesday. They set a “market perform” rating and a $83.00 price objective on the stock. Citigroup raised their price objective on Sysco from $84.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Wells Fargo & Company set a $88.00 price objective on Sysco and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Truist Financial raised their price objective on Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Sysco Price Performance

SYY stock opened at $78.21 on Friday. The stock has a 50-day moving average price of $80.57 and a two-hundred day moving average price of $76.71. The stock has a market cap of $37.43 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 2.43 and a beta of 0.82. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. The firm had revenue of $21.14 billion during the quarter, compared to analysts’ expectations of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities analysts forecast that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, October 3rd. Sysco’s dividend payout ratio is 57.91%.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 7,351 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $81.00, for a total transaction of $595,431.00. Following the completion of the transaction, the executive vice president owned 41,837 shares in the company, valued at approximately $3,388,797. This represents a 14.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 14,732 shares of company stock worth $1,193,245. 0.56% of the stock is currently owned by corporate insiders.

Sysco Company Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.