Terra Alpha Investments LLC Sells 10,595 Shares of Sysco Corporation $SYY

Terra Alpha Investments LLC reduced its holdings in shares of Sysco Corporation (NYSE:SYY) by 54.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,843 shares of the company’s stock after selling 10,595 shares during the quarter. Terra Alpha Investments LLC’s holdings in Sysco were worth $652,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SYY. Wellington Management Group LLP boosted its stake in shares of Sysco by 3,977.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock worth $387,935,000 after acquiring an additional 4,595,819 shares during the period. Mondrian Investment Partners LTD bought a new position in shares of Sysco during the 3rd quarter worth approximately $142,237,000. Marshall Wace LLP boosted its stake in shares of Sysco by 102.6% during the 3rd quarter. Marshall Wace LLP now owns 2,359,471 shares of the company’s stock worth $194,279,000 after acquiring an additional 1,194,815 shares during the period. Scopus Asset Management L.P. bought a new position in shares of Sysco during the 3rd quarter worth approximately $87,075,000. Finally, Vanguard Group Inc. boosted its stake in shares of Sysco by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 62,305,343 shares of the company’s stock worth $4,591,281,000 after acquiring an additional 814,270 shares during the period. 83.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup lifted their target price on Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Argus raised Sysco to a “hold” rating in a report on Thursday, January 29th. Sanford C. Bernstein dropped their price target on Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a report on Wednesday, April 29th. BMO Capital Markets reissued an “outperform” rating on shares of Sysco in a report on Wednesday, January 28th. Finally, Morgan Stanley dropped their price target on Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.15.

Sysco Price Performance

Shares of NYSE SYY opened at $72.53 on Friday. The stock has a market capitalization of $34.68 billion, a PE ratio of 20.09, a P/E/G ratio of 2.98 and a beta of 0.66. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. The business has a fifty day moving average price of $76.97 and a two-hundred day moving average price of $78.02. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). The company had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.56 billion. Sysco had a net margin of 2.08% and a return on equity of 103.57%. Sysco’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, equities analysts predict that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 annualized dividend and a yield of 3.0%. This is a boost from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is presently 60.94%.

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.