Jefferies Financial Group Inc. Makes New Investment in Sysco Corporation $SYY

Jefferies Financial Group Inc. bought a new stake in shares of Sysco Corporation (NYSE:SYY) in the second quarter, Holdings Channel reports. The fund bought 14,457 shares of the company’s stock, valued at approximately $1,208,000.

Several other large investors have also recently made changes to their positions in SYY. Lloyd Advisory Services LLC. bought a new stake in Sysco in the fourth quarter worth $25,000. Motiv8 Investments LLC bought a new position in shares of Sysco during the fourth quarter valued at $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of Sysco in the 2nd quarter worth about $29,000. Sunbelt Securities Inc. raised its position in shares of Sysco by 87.6% in the 1st 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. Finally, Bard Associates Inc. bought a new position in Sysco in the 4th quarter worth about $27,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Stock Performance

Shares of NYSE SYY opened at $81.95 on Monday. The firm’s 50-day moving average price is $83.05 and its 200-day moving average price is $80.54. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85. The company has a market cap of $39.26 billion, a PE ratio of 22.39, a PEG ratio of 2.80 and a beta of 0.64. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 4.62.

Sysco (NYSE:SYY) last released its quarterly earnings data 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 firm had revenue of $22.12 billion during the quarter, compared to analysts’ expectations of $21.95 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $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, analysts anticipate that Sysco Corporation will post 5.12 EPS for the current year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 2nd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, October 2nd. Sysco’s dividend payout ratio is 60.11%.

Wall Street Analyst Weigh In

SYY has been the topic of several recent analyst reports. Melius Research downgraded shares of Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Piper Sandler lifted their target price on shares of Sysco from $77.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of Sysco from a “hold” rating to a “buy” rating in a research note on Saturday. Morgan Stanley increased their price target on shares of Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Finally, Citigroup raised their price target on shares of Sysco from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $89.50.

Insider Activity at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 506 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $84.09, for a total transaction of $42,549.54. Following the completion of the sale, the executive vice president directly owned 36,313 shares of the company’s stock, valued at approximately $3,053,560.17. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Over the last ninety days, insiders have sold 14,508 shares of company stock worth $1,215,250. 0.56% of the stock is owned by corporate 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.