MV Capital Management Inc. Takes $2.82 Million Position in Sysco Corporation $SYY

MV Capital Management Inc. bought a new position in shares of Sysco Corporation (NYSE:SYY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,211 shares of the company’s stock, valued at approximately $2,816,000.

Several other hedge funds have also recently modified their holdings of SYY. Intech Investment Management LLC boosted its holdings in Sysco by 53.1% in the 1st quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock worth $1,674,000 after buying an additional 7,742 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of Sysco by 24.1% during the second quarter. Schnieders Capital Management LLC. now owns 10,310 shares of the company’s stock valued at $781,000 after acquiring an additional 2,000 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Sysco by 62.4% during the second quarter. NewEdge Advisors LLC now owns 35,447 shares of the company’s stock valued at $2,685,000 after acquiring an additional 13,616 shares during the last quarter. Sei Investments Co. lifted its position in shares of Sysco by 14.2% in the second quarter. Sei Investments Co. now owns 344,504 shares of the company’s stock valued at $26,092,000 after acquiring an additional 42,903 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Sysco by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 226,648 shares of the company’s stock valued at $17,166,000 after acquiring an additional 1,710 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on SYY. Weiss Ratings cut Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. Barclays lowered their target price on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Piper Sandler dropped their target price on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Citigroup increased their target price on shares of Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Guggenheim decreased their price target on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. 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 a consensus price target of $88.15.

Sysco Stock Performance

Shares of Sysco stock opened at $78.64 on Friday. The business’s 50 day moving average price is $75.30 and its 200 day moving average price is $78.29. The company has a market cap of $37.60 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 3.23 and a beta of 0.65. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. Sysco Corporation has a one year low of $68.19 and a one year high of $91.85.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The company had revenue of $20.52 billion during the quarter, compared to analysts’ expectations of $20.56 billion. During the same quarter in the previous year, the company earned $0.96 earnings per share. The firm’s quarterly 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, research analysts predict that Sysco Corporation will post 4.59 EPS for the current year.

Sysco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be issued 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 2.8%. The ex-dividend date of this dividend is Thursday, July 2nd. Sysco’s payout ratio is currently 59.83%.

Insider Transactions at Sysco

In other news, Director John M. Hinshaw acquired 13,304 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the transaction, the director owned 40,200 shares in the company, valued at approximately $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.56% of the company’s stock.

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.