North Dakota State Investment Board Invests $1.23 Million in Sysco Corporation $SYY

North Dakota State Investment Board bought a new stake in shares of Sysco Corporation (NYSE:SYY) in the fourth quarter, Holdings Channel reports. The fund bought 16,647 shares of the company’s stock, valued at approximately $1,227,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. acquired a new position in Sysco during the third quarter valued at $25,000. Torren Management LLC acquired a new position in Sysco during the fourth quarter valued at $27,000. Elyxium Wealth LLC acquired a new position in Sysco during the fourth quarter valued at $28,000. Navalign LLC acquired a new position in Sysco during the fourth quarter valued at $29,000. Finally, Peterson Wealth Services lifted its position in Sysco by 875.7% during the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after purchasing an additional 324 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently 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, May 2nd. Sanford C. Bernstein decreased their price target on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 29th. UBS Group cut their price objective on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Jefferies Financial Group increased their price objective on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Citigroup increased their price objective on shares of Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and an average target price of $88.15.

Sysco Stock Performance

NYSE:SYY opened at $75.16 on Wednesday. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. The stock has a market capitalization of $35.94 billion, a P/E ratio of 20.82, a PEG ratio of 3.00 and a beta of 0.66. The company has a 50 day moving average price of $76.52 and a 200 day moving average price of $78.01. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $20.52 billion for the quarter, compared to analyst estimates of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.Sysco’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Equities research analysts forecast that Sysco Corporation will post 4.59 EPS for the current year.

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.55 per share. This is a boost from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. Sysco’s dividend payout ratio (DPR) is currently 59.83%.

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.