Y Intercept Hong Kong Ltd purchased a new position in shares of Sysco Corporation (NYSE:SYY – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 195,666 shares of the company’s stock, valued at approximately $13,957,000.
A number of other large investors also recently modified their holdings of SYY. Norges Bank bought a new stake in Sysco during the 4th quarter worth $542,780,000. Wellington Management Group LLP increased its holdings in Sysco by 3,977.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock worth $387,935,000 after purchasing an additional 4,595,819 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Sysco by 45.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,651,682 shares of the company’s stock valued at $416,472,000 after purchasing an additional 1,754,306 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Sysco by 102.6% during the third quarter. Marshall Wace LLP now owns 2,359,471 shares of the company’s stock valued at $194,279,000 after purchasing an additional 1,194,815 shares in the last quarter. Finally, Suvretta Capital Management LLC acquired a new stake in shares of Sysco during the fourth quarter valued at about $79,864,000. 83.41% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
SYY has been the subject of several recent research reports. Guggenheim lowered their price objective on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a research report on Friday, June 26th. Sanford C. Bernstein reduced their target price on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a report on Wednesday, April 29th. UBS Group decreased their price target on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Finally, Barclays dropped their price target 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. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.15.
Sysco Trading Up 1.4%
Shares of SYY stock opened at $84.71 on Friday. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. 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 stock has a market cap of $40.50 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 3.16 and a beta of 0.64. The stock has a 50-day moving average of $76.69 and a 200-day moving average of $78.84.
Sysco (NYSE:SYY – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The company had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.56 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. Sysco’s revenue was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, equities research analysts forecast that Sysco Corporation will post 4.59 earnings per share for the current year.
Sysco Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, July 2nd. 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 acquired 13,304 shares of Sysco stock in a transaction dated Tuesday, May 26th. The shares were bought at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the purchase, the director owned 40,200 shares in the company, valued at $3,021,834. This trade represents a 49.46% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.56% of the company’s stock.
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.
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