Night Squared LP Makes New $1.50 Million Investment in Sysco Corporation $SYY

Night Squared LP bought a new position in Sysco Corporation (NYSE:SYY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,199 shares of the company’s stock, valued at approximately $1,499,000.

A number of other hedge funds also recently made changes to their positions in the stock. Intech Investment Management LLC boosted its position in Sysco by 53.1% in the first quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock valued at $1,674,000 after buying an additional 7,742 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Sysco by 24.1% during the second quarter. Schnieders Capital Management LLC. now owns 10,310 shares of the company’s stock worth $781,000 after buying an additional 2,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Sysco during the second quarter worth $3,975,000. Allworth Financial LP lifted its stake in shares of Sysco by 26.6% in the 2nd quarter. Allworth Financial LP now owns 11,950 shares of the company’s stock valued at $905,000 after acquiring an additional 2,510 shares during the last quarter. Finally, Vise Technologies Inc. bought a new position in shares of Sysco in the 2nd quarter valued at $762,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SYY shares. Truist Financial boosted their price objective on Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Guggenheim reiterated a “buy” rating on shares of Sysco in a research report on Thursday, March 5th. Piper Sandler lifted their price target on Sysco from $80.00 to $83.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Wells Fargo & Company upped their price objective on Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, Citigroup raised their price objective on shares of Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Sysco has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Sysco Stock Performance

NYSE SYY opened at $85.43 on Friday. The company has a market capitalization of $40.92 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.64 and a beta of 0.58. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $91.85. The stock has a fifty day simple moving average of $83.45 and a 200 day simple moving average of $79.52.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The firm had revenue of $20.76 billion for the quarter, compared to the consensus estimate of $20.80 billion. During the same period in the previous year, the business earned $0.93 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Sell-side analysts expect that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, April 2nd. Sysco’s payout ratio is currently 58.06%.

Insider Activity at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the transaction, the executive vice president owned 35,965 shares in the company, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the transaction, the director owned 12,868 shares in the company, valued at $1,067,915.32. This trade represents a 17.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.56% of the company’s stock.

Sysco 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.