Sysco Corporation $SYY Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich cut its position in Sysco Corporation (NYSE:SYY) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 132,486 shares of the company’s stock after selling 9,484 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Sysco were worth $9,804,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. purchased a new position in Sysco in the 3rd quarter worth approximately $25,000. Torren Management LLC purchased a new position in Sysco during the fourth quarter worth about $27,000. Navalign LLC purchased a new stake in Sysco in the fourth quarter valued at approximately $29,000. Peterson Wealth Services raised its holdings in shares of Sysco by 875.7% in the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after buying an additional 324 shares during the period. Finally, Marquette Asset Management LLC boosted its holdings in Sysco by 367.4% during the 4th quarter. Marquette Asset Management LLC now owns 402 shares of the company’s stock valued at $30,000 after acquiring an additional 316 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SYY shares. Truist Financial boosted their price target on shares of Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Argus raised shares of Sysco to a “hold” rating in a research note on Thursday, January 29th. Sanford C. Bernstein reduced their target price on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a report on Wednesday, April 29th. Citigroup raised their price target on shares of Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings lowered Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.15.

Sysco Stock Performance

Shares of SYY stock opened at $73.02 on Friday. The company has a market cap of $34.92 billion, a P/E ratio of 20.23, a PEG ratio of 2.99 and a beta of 0.66. The firm has a fifty day moving average price of $77.27 and a 200 day moving average price of $78.06. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The business had revenue of $20.52 billion during the quarter, compared to analysts’ expectations of $20.56 billion. During the same quarter in the previous year, the company posted $0.96 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Sell-side analysts predict 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. Shareholders of record on Thursday, July 2nd will be paid a $0.55 dividend. This is a boost from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, July 2nd. 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.