NBT Bank N A NY Raises Holdings in Sysco Corporation $SYY

NBT Bank N A NY grew its holdings in Sysco Corporation (NYSE:SYY) by 57.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,167 shares of the company’s stock after purchasing an additional 8,088 shares during the period. NBT Bank N A NY’s holdings in Sysco were worth $1,581,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Lloyd Advisory Services LLC. purchased a new stake in shares of Sysco during the fourth quarter valued at $25,000. Motiv8 Investments LLC purchased a new position in Sysco in the 4th quarter worth about $25,000. Torren Management LLC purchased a new position in Sysco in the 4th quarter worth about $27,000. Bard Associates Inc. bought a new position in Sysco during the 4th quarter valued at about $27,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of Sysco during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SYY shares. UBS Group decreased their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Barclays dropped their target price on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Guggenheim decreased their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded Sysco from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a research note on Tuesday, April 28th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.15.

Sysco Price Performance

Shares of NYSE:SYY opened at $84.71 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58. The stock has a market capitalization of $40.50 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 3.21 and a beta of 0.64. The firm’s 50 day moving average price is $76.88 and its 200-day moving average price is $78.91. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, April 28th. The company reported $0.94 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 analysts’ expectations of $20.56 billion. Sysco had a net margin of 2.08% and a return on equity of 103.57%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Equities research analysts expect that Sysco Corporation will post 4.59 EPS for the current year.

Sysco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.6%. This is a boost from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. Sysco’s dividend payout ratio (DPR) is presently 60.94%.

Insiders Place Their Bets

In related news, Director John M. Hinshaw purchased 13,304 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the acquisition, the director owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. This trade 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.