Intech Investment Management LLC Has $3.86 Million Stock Holdings in Sysco Corporation $SYY

Intech Investment Management LLC boosted its stake in Sysco Corporation (NYSE:SYY) by 128.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,012 shares of the company’s stock after purchasing an additional 28,702 shares during the period. Intech Investment Management LLC’s holdings in Sysco were worth $3,864,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Chung Wu Investment Group LLC bought a new position in shares of Sysco in the 2nd quarter valued at $30,000. N.E.W. Advisory Services LLC bought a new position in Sysco in the first quarter valued at about $33,000. Cheviot Value Management LLC acquired a new stake in shares of Sysco during the first quarter valued at about $34,000. 1248 Management LLC bought a new stake in shares of Sysco during the first quarter worth about $35,000. Finally, Banque Transatlantique SA acquired a new position in shares of Sysco in the first quarter valued at approximately $35,000. Institutional investors own 83.41% of the company’s stock.

Sysco Trading Up 1.1%

SYY opened at $75.96 on Wednesday. The company has a fifty day moving average price of $78.58 and a two-hundred day moving average price of $77.34. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $83.47. The company has a market cap of $36.37 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 5.54.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The company had revenue of $21.15 billion for the quarter, compared to analysts’ expectations of $21.03 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The business’s revenue was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Analysts predict that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.16 annualized dividend and a dividend yield of 2.8%. Sysco’s payout ratio is currently 57.91%.

Insider Buying and Selling at Sysco

In related news, EVP Ronald L. Phillips sold 7,351 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $81.00, for a total value of $595,431.00. Following the transaction, the executive vice president directly owned 41,837 shares in the company, valued at $3,388,797. This trade represents a 14.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on SYY. Citigroup cut their target price on shares of Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the stock an “overweight” rating in a report on Tuesday, July 29th. UBS Group set a $90.00 price objective on shares of Sysco in a research note on Wednesday, July 30th. Finally, Truist Financial raised their target price on Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $87.00.

Sysco Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.