MQS Management LLC Acquires Shares of 8,004 Sysco Corporation $SYY

MQS Management LLC acquired a new stake in Sysco Corporation (NYSE:SYY) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 8,004 shares of the company’s stock, valued at approximately $590,000.

A number of other institutional investors have also recently bought and sold shares of SYY. Jackson Grant Investment Advisers Inc. bought a new stake in Sysco in the 3rd quarter valued at about $25,000. Lloyd Advisory Services LLC. bought a new stake in Sysco in the 4th quarter valued at about $25,000. Torren Management LLC bought a new stake in Sysco in the 4th quarter valued at about $27,000. Elyxium Wealth LLC bought a new stake in Sysco in the 4th quarter valued at about $28,000. Finally, Navalign LLC bought a new stake in Sysco in the 4th quarter valued at about $29,000. Institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SYY. Barclays cut their price target on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Piper Sandler cut their price target on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Weiss Ratings downgraded shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 30th. Sanford C. Bernstein cut 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. Finally, Citigroup upped their price target on shares of Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $88.15.

Sysco Stock Performance

Shares of Sysco stock opened at $76.30 on Friday. The company has a 50 day moving average of $76.03 and a 200-day moving average of $78.02. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. The company has a market cap of $36.49 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 3.14 and a beta of 0.66.

Sysco (NYSE:SYY) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, equities research analysts forecast that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a positive change from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is currently 59.83%.

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.