PBU The Pension Fund of Early Childhood & Youth Educators Makes New $9.39 Million Investment in Sysco Corporation $SYY

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in Sysco Corporation (NYSE:SYY) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 127,358 shares of the company’s stock, valued at approximately $9,385,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Montag A & Associates Inc. raised its holdings in Sysco by 1.4% in the fourth quarter. Montag A & Associates Inc. now owns 8,743 shares of the company’s stock worth $644,000 after purchasing an additional 123 shares in the last quarter. United Community Bank raised its holdings in Sysco by 11.4% in the fourth quarter. United Community Bank now owns 1,224 shares of the company’s stock worth $90,000 after purchasing an additional 125 shares in the last quarter. Octavia Wealth Advisors LLC raised its holdings in Sysco by 4.6% in the fourth quarter. Octavia Wealth Advisors LLC now owns 3,231 shares of the company’s stock worth $237,000 after purchasing an additional 141 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in Sysco by 1.6% in the fourth quarter. Diversify Wealth Management LLC now owns 9,173 shares of the company’s stock worth $698,000 after purchasing an additional 143 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in Sysco by 11.1% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,469 shares of the company’s stock worth $108,000 after purchasing an additional 147 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Trading Up 2.7%

NYSE SYY opened at $76.36 on Friday. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85. The stock has a market cap of $36.51 billion, a P/E ratio of 21.15, a P/E/G ratio of 3.12 and a beta of 0.65. The stock’s fifty day moving average price is $74.45 and its 200-day moving average price is $78.09. 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 (NYSE:SYY) last released its 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). 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 analysts’ expectations of $20.56 billion. During the same period in the prior year, the company posted $0.96 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, equities analysts forecast that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Sysco’s payout ratio is currently 59.83%.

Insider Activity at Sysco

In other Sysco news, Director John M. Hinshaw acquired 13,304 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. This represents a 49.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SYY shares. Deutsche Bank Aktiengesellschaft downgraded Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a report on Tuesday, April 28th. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group cut their target price on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Guggenheim cut their target price on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, Sanford C. Bernstein cut their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.15.

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.