Quantbot Technologies LP Purchases Shares of 8,320 Sysco Corporation $SYY

Quantbot Technologies LP acquired a new position in shares of Sysco Corporation (NYSE:SYY) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,320 shares of the company’s stock, valued at approximately $685,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Sysco during the second quarter valued at $493,686,000. Mondrian Investment Partners LTD bought a new stake in shares of Sysco in the 3rd quarter worth about $142,237,000. Vanguard Group Inc. increased its holdings in shares of Sysco by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after buying an additional 1,226,381 shares during the last quarter. Marshall Wace LLP raised its position in shares of Sysco by 207.6% during the 2nd quarter. Marshall Wace LLP now owns 1,164,656 shares of the company’s stock valued at $88,211,000 after buying an additional 785,995 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sysco by 143.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,215,260 shares of the company’s stock valued at $92,044,000 after acquiring an additional 715,663 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on SYY shares. Citigroup lifted their price target on Sysco from $81.00 to $88.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Guggenheim reaffirmed a “buy” rating on shares of Sysco in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. UBS Group boosted their target price on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Truist Financial increased their price target on Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Insider Buying and Selling at Sysco

In other Sysco news, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the transaction, the director owned 12,868 shares of the company’s stock, valued at $1,067,915.32. This represents a 17.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ronald L. Phillips sold 5,601 shares of Sysco stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total value of $453,681.00. Following the sale, the executive vice president owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.56% of the company’s stock.

Sysco Stock Performance

Sysco stock opened at $85.30 on Friday. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75. The firm has a market capitalization of $40.85 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 2.65 and a beta of 0.58. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $91.85. The company’s 50-day moving average is $82.35 and its 200 day moving average is $79.35.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $20.76 billion during the quarter, compared to analyst estimates of $20.80 billion. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Research analysts forecast that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be issued a dividend of $0.54 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.5%. Sysco’s payout ratio is presently 58.06%.

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.