SHP Wealth Management Takes $2.61 Million Position in Sysco Corporation $SYY

SHP Wealth Management purchased a new position in shares of Sysco Corporation (NYSE:SYY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 35,407 shares of the company’s stock, valued at approximately $2,609,000.

Several other institutional investors have also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. purchased a new position in Sysco in the third quarter worth approximately $25,000. Lloyd Advisory Services LLC. purchased a new stake in Sysco in the fourth quarter valued at $25,000. Motiv8 Investments LLC acquired a new position in shares of Sysco in the 4th quarter valued at $25,000. Bard Associates Inc. acquired a new position in shares of Sysco in the 4th quarter valued at $27,000. Finally, Torren Management LLC purchased a new position in shares of Sysco during the 4th quarter worth $27,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SYY. Weiss Ratings lowered shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 30th. UBS Group dropped 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. Deutsche Bank Aktiengesellschaft downgraded shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a research note on Tuesday, April 28th. Barclays decreased their price objective on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Piper Sandler lowered their price objective on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Nine research 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $88.15.

Insider Transactions at Sysco

In other Sysco news, Director John M. Hinshaw acquired 13,304 shares of the stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the transaction, the director owned 40,200 shares in the company, valued at $3,021,834. The trade was a 49.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is owned by company insiders.

Sysco Price Performance

Shares of NYSE SYY opened at $78.64 on Friday. 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 company has a market cap of $37.60 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 3.21 and a beta of 0.65. The stock’s 50-day moving average is $75.37 and its two-hundred day moving average is $78.30. Sysco Corporation has a 1-year low of $68.19 and a 1-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 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 firm had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.56 billion. During the same period last year, the business earned $0.96 EPS. The firm’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. Analysts forecast that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be paid a $0.55 dividend. This is a boost from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, July 2nd. Sysco’s payout ratio is 59.83%.

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.