Entropy Technologies LP purchased a new stake in Sysco Corporation (NYSE:SYY – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 83,305 shares of the company’s stock, valued at approximately $6,139,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. acquired a new position in Sysco during the 3rd quarter worth approximately $25,000. Lloyd Advisory Services LLC. acquired a new position in Sysco during the 4th quarter worth approximately $25,000. Torren Management LLC acquired a new position in Sysco during the 4th quarter worth approximately $27,000. Bard Associates Inc. acquired a new position in Sysco during the 4th quarter worth approximately $27,000. Finally, Elyxium Wealth LLC acquired a new position in Sysco during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 83.41% of the company’s stock.
Insider Activity at Sysco
In other news, Director John M. Hinshaw purchased 13,304 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the purchase, the director directly owned 40,200 shares of the company’s stock, valued at $3,021,834. The trade was a 49.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is owned by company insiders.
Sysco Price Performance
Sysco (NYSE:SYY – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). The firm had revenue of $20.52 billion for the quarter, compared to analysts’ expectations of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.Sysco’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, equities analysts forecast that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.
Sysco Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. This is a positive change from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. Sysco’s dividend payout ratio is presently 59.83%.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a research report on Tuesday, April 28th. Barclays dropped their target price on Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Guggenheim dropped their target price on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Piper Sandler dropped their target price on Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Finally, Sanford C. Bernstein dropped their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $88.15.
View Our Latest Stock Report on SYY
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.
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