Y Intercept Hong Kong Ltd Makes New $13.96 Million Investment in Sysco Corporation $SYY

Y Intercept Hong Kong Ltd bought a new position in shares of Sysco Corporation (NYSE:SYY) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 195,666 shares of the company’s stock, valued at approximately $13,957,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Lloyd Advisory Services LLC. bought a new stake in shares of Sysco in the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC bought a new position in Sysco during the 4th quarter worth $25,000. Torren Management LLC acquired a new position in Sysco in the 4th quarter valued at $27,000. Bard Associates Inc. acquired a new position in Sysco in the 4th quarter valued at $27,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Sysco during the 4th quarter valued at $28,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SYY has been the topic of a number of recent analyst reports. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Sanford C. Bernstein cut their price objective on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Wednesday, April 29th. UBS Group reduced their price objective 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. Piper Sandler decreased their target price on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research report on Friday, June 26th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.15.

Insider Buying and Selling

In related news, Director John M. Hinshaw bought 13,304 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the acquisition, the director owned 40,200 shares of the company’s stock, valued at $3,021,834. The trade was a 49.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.56% of the company’s stock.

Sysco Trading Up 1.4%

Shares of SYY stock opened at $84.71 on Friday. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. The stock’s fifty day moving average price is $76.69 and its two-hundred day moving average price is $78.84. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. The company has a market cap of $40.50 billion, a PE ratio of 23.46, a P/E/G ratio of 3.16 and a beta of 0.64.

Sysco (NYSE:SYY) last posted its quarterly 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 business had revenue of $20.52 billion for the quarter, compared to analyst estimates of $20.56 billion. During the same period last year, the firm posted $0.96 EPS. Sysco’s quarterly revenue was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Equities analysts predict that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This is a positive change from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 2.6%. Sysco’s payout ratio is presently 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.