Engineers Gate Manager LP lifted its position in shares of Sysco Corporation (NYSE:SYY – Free Report) by 30.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,011,710 shares of the company’s stock after buying an additional 238,399 shares during the quarter. Sysco comprises 0.9% of Engineers Gate Manager LP’s holdings, making the stock its 11th biggest position. Engineers Gate Manager LP’s holdings in Sysco were worth $74,553,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Montag A & Associates Inc. lifted its holdings in shares of Sysco by 1.4% during the fourth quarter. Montag A & Associates Inc. now owns 8,743 shares of the company’s stock worth $644,000 after buying an additional 123 shares in the last quarter. United Community Bank lifted its holdings in shares of Sysco by 11.4% during the fourth quarter. United Community Bank now owns 1,224 shares of the company’s stock worth $90,000 after buying an additional 125 shares in the last quarter. Octavia Wealth Advisors LLC lifted its holdings in shares of Sysco by 4.6% during the fourth quarter. Octavia Wealth Advisors LLC now owns 3,231 shares of the company’s stock worth $237,000 after buying an additional 141 shares in the last quarter. Diversify Wealth Management LLC lifted its holdings in shares of Sysco by 1.6% during the fourth quarter. Diversify Wealth Management LLC now owns 9,173 shares of the company’s stock worth $698,000 after buying an additional 143 shares in the last quarter. Finally, Arax Advisory Partners lifted its holdings in shares of Sysco by 2.4% during the fourth quarter. Arax Advisory Partners now owns 6,222 shares of the company’s stock worth $458,000 after buying an additional 145 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on SYY. Guggenheim dropped their target price on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Barclays lowered their price objective on Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Piper Sandler lowered their price objective on Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Weiss Ratings lowered Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th. Finally, Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Sysco has an average rating of “Moderate Buy” and a consensus price target of $88.15.
Sysco Stock Performance
NYSE SYY opened at $78.84 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. The firm has a market capitalization of $37.70 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 3.24 and a beta of 0.65. The firm’s 50 day simple moving average is $75.19 and its 200 day simple moving average is $78.28. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85.
Sysco (NYSE:SYY – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (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 analyst estimates of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, research analysts expect 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. Investors of record on Thursday, July 2nd will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, July 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. This is a positive change from Sysco’s previous quarterly dividend of $0.54. Sysco’s dividend payout ratio (DPR) is 59.83%.
Insider Activity
In other news, Director John M. Hinshaw purchased 13,304 shares of Sysco 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 transaction, the director owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. The trade was a 49.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.56% of the company’s stock.
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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