Sysco Corporation $SYY Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. grew its position in Sysco Corporation (NYSE:SYY) by 48.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 60,004 shares of the company’s stock after buying an additional 19,617 shares during the period. Pacer Advisors Inc.’s holdings in Sysco were worth $4,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lloyd Advisory Services LLC. acquired a new position in Sysco in the fourth quarter worth $25,000. Motiv8 Investments LLC bought a new stake in Sysco during the fourth quarter valued at $25,000. Torren Management LLC acquired a new stake in shares of Sysco during the fourth quarter worth $27,000. Bard Associates Inc. acquired a new stake in shares of Sysco during the fourth quarter worth $27,000. Finally, Elyxium Wealth LLC bought a new position in shares of Sysco in the 4th quarter worth about $28,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Performance

Shares of SYY opened at $78.06 on Tuesday. The firm has a fifty day moving average of $75.43 and a 200-day moving average of $78.34. The company has a market cap of $37.33 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 3.21 and a beta of 0.65. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The firm had revenue of $20.52 billion during 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%.The firm’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, equities analysts anticipate that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 2nd. Sysco’s dividend payout ratio is presently 59.83%.

Analysts Set New Price Targets

SYY has been the subject of several research reports. Sanford C. Bernstein decreased their price target on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a report on Wednesday, April 29th. Guggenheim cut their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings downgraded Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft lowered Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a report on Tuesday, April 28th. Finally, Piper Sandler dropped their price target on Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $88.15.

Insider Buying and Selling at Sysco

In other Sysco news, Director John M. Hinshaw acquired 13,304 shares of Sysco stock in a transaction dated 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 owned 40,200 shares in the company, valued at approximately $3,021,834. This represents a 49.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.

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.