Marble Wealth LLC acquired a new position in shares of Sysco Corporation (NYSE:SYY – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,657 shares of the company’s stock, valued at approximately $1,522,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SYY. Intech Investment Management LLC increased its holdings in Sysco by 53.1% during the 1st quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock worth $1,674,000 after purchasing an additional 7,742 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in shares of Sysco by 24.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,310 shares of the company’s stock worth $781,000 after buying an additional 2,000 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Sysco by 62.4% in the 2nd quarter. NewEdge Advisors LLC now owns 35,447 shares of the company’s stock worth $2,685,000 after buying an additional 13,616 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Sysco by 14.2% in the 2nd quarter. Sei Investments Co. now owns 344,504 shares of the company’s stock worth $26,092,000 after buying an additional 42,903 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Sysco by 0.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 226,648 shares of the company’s stock worth $17,166,000 after buying an additional 1,710 shares during the last quarter. 83.41% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, 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 price of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the purchase, the director owned 40,200 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.
Sysco Price Performance
Sysco (NYSE:SYY – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 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 analysts’ expectations of $20.56 billion. During the same quarter in the previous year, the company posted $0.96 EPS. Sysco’s revenue for the quarter was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Sell-side analysts forecast that Sysco Corporation will post 4.59 EPS 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 is a positive change from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 3.0%. Sysco’s dividend payout ratio (DPR) is currently 59.83%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on SYY. Piper Sandler cut their target price on Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Sanford C. Bernstein cut their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 29th. Wells Fargo & Company boosted their target price on Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Citigroup boosted their target price on Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, Barclays cut their target price on Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $88.15.
Check Out Our Latest Stock Report on Sysco
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.
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