Sysco Corporation $SYY Holdings Increased by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its stake in Sysco Corporation (NYSE:SYY) by 36.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,384,579 shares of the company’s stock after acquiring an additional 367,919 shares during the period. Mackenzie Financial Corp owned 0.29% of Sysco worth $104,868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Chung Wu Investment Group LLC acquired a new stake in Sysco in the second quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC raised its stake in shares of Sysco by 94.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after buying an additional 204 shares in the last quarter. Cheviot Value Management LLC acquired a new stake in shares of Sysco in the first quarter valued at $34,000. 1248 Management LLC bought a new position in Sysco during the first quarter valued at about $35,000. Finally, Banque Transatlantique SA bought a new position in Sysco during the first quarter valued at about $35,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on SYY. Guggenheim boosted their price target on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sysco in a report on Tuesday. Sanford C. Bernstein began coverage on shares of Sysco in a research note on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 target price for the company. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Barclays upped their price target on Sysco from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Sysco Stock Performance

Shares of SYY opened at $76.20 on Friday. The company has a 50-day moving average of $77.69 and a two-hundred day moving average of $77.57. The stock has a market cap of $36.49 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.19 and a beta of 0.79. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.70. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47.

Sysco (NYSE:SYY) last released its quarterly 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. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business had revenue of $21.15 billion for the quarter, compared to analyst estimates of $21.03 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be issued a $0.54 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.8%. Sysco’s dividend payout ratio is presently 57.91%.

Insider Activity at Sysco

In other news, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total transaction of $77,841.00. Following the transaction, the executive vice president owned 41,501 shares in the company, valued at approximately $3,361,581. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by company insiders.

Sysco Company Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.