Tred Avon Family Wealth LLC Purchases Shares of 9,974 Sysco Corporation $SYY

Tred Avon Family Wealth LLC acquired a new position in Sysco Corporation (NYSE:SYY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,974 shares of the company’s stock, valued at approximately $821,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Sysco by 2.0% in the second quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after purchasing an additional 1,226,381 shares during the period. Geode Capital Management LLC grew its holdings in Sysco by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 12,551,872 shares of the company’s stock valued at $946,694,000 after buying an additional 183,179 shares in the last quarter. Norges Bank purchased a new position in shares of Sysco during the second quarter valued at about $493,686,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Sysco by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,131,931 shares of the company’s stock worth $237,212,000 after purchasing an additional 27,693 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Sysco by 12.0% in the second quarter. Ameriprise Financial Inc. now owns 2,639,931 shares of the company’s stock worth $201,076,000 after buying an additional 283,706 shares in the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Stock Performance

Shares of Sysco stock opened at $78.70 on Friday. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.47. The company has a market capitalization of $37.69 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.59 and a beta of 0.61. The stock’s fifty day moving average is $74.77 and its two-hundred day moving average is $77.73. The company has a quick ratio of 0.65, a current ratio of 1.15 and a debt-to-equity ratio of 5.54.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. The firm had revenue of $21.15 billion during the quarter, compared to analyst estimates of $21.03 billion. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, analysts expect that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, January 2nd. Sysco’s payout ratio is currently 57.91%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SYY. Barclays raised their target price on shares of Sysco from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Sanford C. Bernstein started coverage on Sysco in a research note on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price objective on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a research report on Monday, December 29th. Guggenheim increased their price target on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Citigroup dropped their price objective on shares of Sysco from $82.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, January 7th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

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.