Eminence Capital LP Buys Shares of 522,395 Sysco Corporation $SYY

Eminence Capital LP purchased a new position in Sysco Corporation (NYSE:SYY) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 522,395 shares of the company’s stock, valued at approximately $43,014,000. Eminence Capital LP owned 0.11% of Sysco at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SYY. Jackson Grant Investment Advisers Inc. bought a new stake in Sysco during the third quarter worth approximately $25,000. Harbor Capital Advisors Inc. boosted its stake in Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Peterson Wealth Services increased its position in shares of Sysco by 875.7% during the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after purchasing an additional 324 shares during the period. Darwin Wealth Management LLC bought a new stake in shares of Sysco in the 2nd quarter worth $31,000. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Sysco by 94.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after buying an additional 204 shares during the period. 83.41% of the stock is currently owned by institutional investors.

Sysco Stock Performance

Sysco stock opened at $85.43 on Friday. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $91.85. The firm’s 50 day simple moving average is $83.45 and its 200-day simple moving average is $79.52. 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 company has a market cap of $40.92 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58.

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

Sysco Dividend Announcement

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

Insider Activity

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SYY shares. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Jefferies Financial Group upped their price target on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. raised their price objective on shares of Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 price objective on shares of Sysco and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Finally, UBS Group increased their target price on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $90.31.

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.