Directional Asset Management Purchases New Shares in Sysco Corporation $SYY

Directional Asset Management purchased a new stake in shares of Sysco Corporation (NYSE:SYY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,327 shares of the company’s stock, valued at approximately $761,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SYY. Jackson Grant Investment Advisers Inc. acquired a new stake in Sysco during the third quarter valued at $25,000. Harbor Capital Advisors Inc. grew its position in Sysco by 75.0% during the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after buying an additional 135 shares during the period. Peterson Wealth Services grew its position in Sysco by 875.7% during the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after buying an additional 324 shares during the period. Marquette Asset Management LLC grew its position in Sysco by 367.4% during the fourth quarter. Marquette Asset Management LLC now owns 402 shares of the company’s stock valued at $30,000 after buying an additional 316 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in Sysco during the second quarter valued at $31,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Truist Financial raised their price target on shares of Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Weiss Ratings lowered shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. Piper Sandler dropped their target price on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Citigroup dropped their target price on shares of Sysco from $88.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 31st. Finally, Barclays lifted their target price on shares of Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.85.

Sysco Stock Up 0.4%

Shares of NYSE SYY opened at $75.82 on Friday. The company’s 50-day simple moving average is $81.46 and its 200-day simple moving average is $78.57. Sysco Corporation has a 52-week low of $68.00 and a 52-week high of $91.85. The firm has a market cap of $36.31 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 2.73 and a beta of 0.69. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The business had revenue of $20.76 billion for the quarter, compared to analyst estimates of $20.80 billion. During the same quarter last year, the business earned $0.93 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Equities analysts predict that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The firm 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 $0.55 dividend. This is an increase from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Sysco’s payout ratio is 58.06%.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the sale, the executive vice president owned 35,965 shares in the company, valued at approximately $2,913,165. This represents a 13.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the sale, the director owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. The trade was a 17.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is currently owned by corporate insiders.

Sysco 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.