Directional Asset Management Acquires Shares of 10,327 Sysco Corporation $SYY

by · The Markets Daily

Directional Asset Management acquired a new stake in Sysco Corporation (NYSE:SYYFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,327 shares of the company’s stock, valued at approximately $761,000.

Other hedge funds also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. purchased a new position in Sysco during the third quarter worth about $25,000. Harbor Capital Advisors Inc. raised its stake in Sysco by 75.0% during the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares during the period. Peterson Wealth Services raised its stake in Sysco by 875.7% during the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after purchasing an additional 324 shares during the period. Marquette Asset Management LLC raised its stake in Sysco by 367.4% during the fourth quarter. Marquette Asset Management LLC now owns 402 shares of the company’s stock worth $30,000 after purchasing an additional 316 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in Sysco during the second quarter worth about $31,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Price Performance

Sysco stock opened at $75.82 on Friday. The company’s 50 day simple moving average is $81.46 and its 200-day simple moving average is $78.57. The company has a market capitalization of $36.31 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 2.73 and a beta of 0.69. Sysco Corporation has a 1 year low of $68.00 and a 1 year high of $91.85. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30.

Sysco (NYSE:SYYGet Free Report) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $20.76 billion for the quarter, compared to the consensus estimate of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, equities research analysts expect that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be paid a $0.55 dividend. This is a positive change from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. Sysco’s payout ratio is presently 58.06%.

Wall Street Analysts Forecast Growth

SYY has been the topic of a number of analyst reports. Weiss Ratings downgraded shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th. Morgan Stanley reduced their target price on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Argus raised shares of Sysco to a “hold” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. lifted their target price on shares of Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Finally, Guggenheim reduced their target price 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 research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sysco has an average rating of “Moderate Buy” and a consensus price target of $87.85.

View Our Latest Report on SYY

Insider Buying and Selling

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of Sysco stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the transaction, the executive vice president directly owned 35,965 shares of the company’s stock, valued at $2,913,165. The trade was a 13.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the transaction, the director directly owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. This represents a 17.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is currently owned by insiders.

Sysco Profile

(Free Report)

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.

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