Sivia Capital Partners LLC Makes New $602,000 Investment in Sysco Corporation $SYY

Sivia Capital Partners LLC acquired a new position in shares of Sysco Corporation (NYSE:SYY) in the 4th quarter, Holdings Channel.com reports. The firm acquired 8,166 shares of the company’s stock, valued at approximately $602,000.

Several other hedge funds have also recently bought and sold shares of SYY. Intech Investment Management LLC lifted its position in Sysco by 53.1% during the first quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock worth $1,674,000 after acquiring an additional 7,742 shares during the last quarter. Schnieders Capital Management LLC. lifted its position in 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 acquiring an additional 2,000 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Sysco by 62.4% in the second quarter. NewEdge Advisors LLC now owns 35,447 shares of the company’s stock valued at $2,685,000 after buying an additional 13,616 shares in the last quarter. Sei Investments Co. raised its position in shares of Sysco by 14.2% in the second quarter. Sei Investments Co. now owns 344,504 shares of the company’s stock valued at $26,092,000 after buying an additional 42,903 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Sysco by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 226,648 shares of the company’s stock valued at $17,166,000 after buying an additional 1,710 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director John M. Hinshaw acquired 13,304 shares of the stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the transaction, the director directly owned 40,200 shares in the company, valued at approximately $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SYY shares. Citigroup lifted their price target on shares of Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. Wells Fargo & Company lifted their price target on shares of Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Guggenheim dropped their price target on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Finally, Sanford C. Bernstein dropped their price target on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Wednesday, April 29th. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus target price of $88.15.

Sysco Stock Down 1.2%

Shares of SYY opened at $74.31 on Friday. Sysco Corporation has a one year low of $68.19 and a one year high of $91.85. The company has a market cap of $35.53 billion, a P/E ratio of 20.58, a P/E/G ratio of 3.07 and a beta of 0.65. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. The firm has a 50 day simple moving average of $74.58 and a two-hundred day simple moving average of $78.11.

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

Sysco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.55 per share. This is an increase from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, July 2nd. Sysco’s dividend payout ratio (DPR) is presently 59.83%.

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.