Mondrian Investment Partners LTD Buys 123,392 Shares of Sysco Corporation $SYY

Mondrian Investment Partners LTD increased its stake in Sysco Corporation (NYSE:SYY) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,850,829 shares of the company’s stock after buying an additional 123,392 shares during the quarter. Sysco comprises approximately 2.2% of Mondrian Investment Partners LTD’s holdings, making the stock its 18th largest holding. Mondrian Investment Partners LTD’s holdings in Sysco were worth $136,388,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its position in Sysco by 8.0% in the fourth quarter. Teacher Retirement System of Texas now owns 370,571 shares of the company’s stock worth $27,307,000 after buying an additional 27,510 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Sysco by 9.5% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 412,423 shares of the company’s stock worth $30,445,000 after buying an additional 35,647 shares during the last quarter. AE Wealth Management LLC lifted its position in Sysco by 320.9% in the third quarter. AE Wealth Management LLC now owns 79,589 shares of the company’s stock worth $6,553,000 after buying an additional 60,680 shares during the last quarter. Krilogy Financial LLC lifted its position in shares of Sysco by 65.6% during the third quarter. Krilogy Financial LLC now owns 42,435 shares of the company’s stock worth $3,494,000 after purchasing an additional 16,807 shares during the last quarter. Finally, Nicholas Company Inc. bought a new stake in shares of Sysco during the fourth quarter worth $2,278,000. 83.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SYY shares. Argus upgraded Sysco to a “hold” rating in a research report on Thursday, January 29th. Piper Sandler decreased their target price on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Citigroup lifted their target price on Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Jefferies Financial Group lifted their target price on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company lifted their target price on Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.15.

Sysco Stock Performance

Shares of Sysco stock opened at $76.30 on Friday. The firm has a market cap of $36.49 billion, a P/E ratio of 21.14, a P/E/G ratio of 3.12 and a beta of 0.66. 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. The stock’s fifty day moving average price is $76.03 and its 200-day moving average price is $78.02.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). The firm 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 business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, equities research analysts expect that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. This is an increase from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, July 2nd. Sysco’s payout ratio is 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.