Legato Capital Management LLC grew its position in shares of Sysco Corporation (NYSE:SYY – Free Report) by 26.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,571 shares of the company’s stock after purchasing an additional 8,189 shares during the quarter. Legato Capital Management LLC’s holdings in Sysco were worth $2,916,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Sysco in the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. bought a new stake in shares of Sysco in the 4th quarter valued at $25,000. Torren Management LLC bought a new stake in shares of Sysco in the 4th quarter valued at $27,000. Elyxium Wealth LLC bought a new stake in shares of Sysco in the 4th quarter valued at $28,000. Finally, Navalign LLC bought a new stake in shares of Sysco in the 4th quarter valued at $29,000. Institutional investors own 83.41% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Sanford C. Bernstein lowered their price objective on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a research note on Wednesday, January 28th. Jefferies Financial Group lifted their price objective on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, UBS Group lowered their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.15.
Sysco Stock Performance
Shares of SYY stock opened at $76.30 on Friday. The firm has a market capitalization of $36.49 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 3.14 and a beta of 0.66. The firm has a fifty day simple moving average of $76.03 and a two-hundred day simple moving average of $78.02. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85.
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 analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $20.52 billion for the quarter, compared to the consensus estimate of $20.56 billion. Sysco had a net margin of 2.08% and a return on equity of 103.57%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Analysts forecast 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. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. This is a boost from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. Sysco’s dividend payout ratio (DPR) is presently 59.83%.
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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