Sysco Corporation $SYY Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Sysco Corporation (NYSE:SYY) by 163.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 710,900 shares of the company’s stock after buying an additional 440,700 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.15% of Sysco worth $58,536,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vident Advisory LLC raised its stake in shares of Sysco by 58.9% in the 1st quarter. Vident Advisory LLC now owns 13,825 shares of the company’s stock valued at $1,038,000 after purchasing an additional 5,126 shares in the last quarter. Quarry LP bought a new stake in Sysco in the first quarter valued at about $88,000. Graham Capital Management L.P. acquired a new stake in Sysco during the first quarter valued at approximately $1,022,000. Flputnam Investment Management Co. lifted its holdings in Sysco by 1.9% during the 1st quarter. Flputnam Investment Management Co. now owns 39,119 shares of the company’s stock worth $2,935,000 after buying an additional 712 shares during the last quarter. Finally, 1248 Management LLC bought a new position in Sysco during the 1st quarter worth approximately $35,000. 83.41% of the stock is currently owned by institutional investors.

Sysco Stock Performance

Shares of SYY opened at $74.17 on Wednesday. The firm has a fifty day moving average of $74.90 and a 200-day moving average of $77.78. The company has a market cap of $35.52 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.65 and a current ratio of 1.15. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47.

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

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be given 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 2.9%. Sysco’s payout ratio is currently 57.91%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SYY shares. Piper Sandler dropped their price target on Sysco from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Morgan Stanley set a $88.00 price objective on shares of Sysco in a report on Tuesday, October 21st. Sanford C. Bernstein assumed coverage on shares of Sysco in a report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research report on Monday. Finally, Guggenheim lifted their price target on shares of Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a report on Monday, October 6th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Sysco presently has an average rating of “Moderate Buy” and an average target price of $85.92.

About Sysco

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.