Park Avenue Securities LLC Acquires Shares of 14,662 Sysco Corporation $SYY

Park Avenue Securities LLC bought a new position in shares of Sysco Corporation (NYSE:SYY) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,662 shares of the company’s stock, valued at approximately $1,207,000.

A number of other large investors have also recently made changes to their positions in SYY. Harbor Capital Advisors Inc. grew its stake in Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after buying an additional 135 shares during the last quarter. Chung Wu Investment Group LLC acquired a new stake in shares of Sysco in the second quarter valued at approximately $30,000. Darwin Wealth Management LLC purchased a new position in shares of Sysco during the second quarter worth approximately $31,000. Vermillion & White Wealth Management Group LLC increased its holdings in shares of Sysco by 94.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after acquiring an additional 204 shares during the period. Finally, Hantz Financial Services Inc. raised its position in Sysco by 234.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $35,000 after purchasing an additional 321 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Performance

NYSE SYY opened at $74.33 on Tuesday. The stock has a market capitalization of $35.59 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.45 and a beta of 0.61. The business’s 50 day moving average is $74.44 and its two-hundred day moving average is $77.69. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47. The company has a current ratio of 1.15, a quick ratio of 0.65 and a debt-to-equity ratio of 5.54.

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

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SYY shares. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. 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. Citigroup reduced their price objective on Sysco from $82.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, January 7th. Sanford C. Bernstein assumed coverage on Sysco in a research note on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 target price on the stock. Finally, Morgan Stanley set a $88.00 price target on Sysco in a research note on Tuesday, October 21st. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

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.