Brandes Investment Partners LP Acquires 32,178 Shares of Sysco Corporation $SYY

Brandes Investment Partners LP lifted its holdings in shares of Sysco Corporation (NYSE:SYY) by 3.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 857,140 shares of the company’s stock after buying an additional 32,178 shares during the quarter. Brandes Investment Partners LP’s holdings in Sysco were worth $63,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SYY. Jackson Grant Investment Advisers Inc. bought a new position in shares of Sysco during the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. bought a new position in shares of Sysco during the 4th quarter valued at $25,000. Torren Management LLC bought a new position in shares of Sysco during the 4th quarter valued at $27,000. Elyxium Wealth LLC bought a new position in shares of Sysco during the 4th quarter valued at $28,000. Finally, Navalign LLC bought a new position in shares of Sysco during the 4th quarter valued at $29,000. Institutional investors own 83.41% of the company’s stock.

Insider Activity at Sysco

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 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 approximately $3,021,834. This trade represents a 49.46% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

SYY has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Citigroup increased their price target 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. Sanford C. Bernstein dropped their price target 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. Guggenheim 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. Finally, Weiss Ratings cut shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $88.15.

Sysco Trading Up 1.5%

NYSE:SYY opened at $77.64 on Wednesday. The company has a 50-day moving average price of $74.24 and a 200-day moving average price of $78.13. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. The stock has a market cap of $37.12 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 3.12 and a beta of 0.65.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing the consensus estimate 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 business posted $0.96 earnings per share. The company’s revenue for the quarter 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 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 given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. This is a positive change from Sysco’s previous quarterly dividend of $0.54. Sysco’s dividend payout ratio is 59.83%.

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.