Lee Danner & Bass Inc. Grows Holdings in Sysco Corporation $SYY

Lee Danner & Bass Inc. boosted its holdings in shares of Sysco Corporation (NYSE:SYY) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,200 shares of the company’s stock after acquiring an additional 8,220 shares during the period. Sysco accounts for about 0.8% of Lee Danner & Bass Inc.’s investment portfolio, making the stock its 28th largest holding. Lee Danner & Bass Inc.’s holdings in Sysco were worth $13,496,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lloyd Advisory Services LLC. bought a new stake in shares of Sysco in the 4th quarter worth approximately $25,000. Motiv8 Investments LLC bought a new position in Sysco during the 4th quarter valued at approximately $25,000. Torren Management LLC bought a new position in Sysco during the 4th quarter valued at approximately $27,000. Bard Associates Inc. purchased a new position in Sysco during the fourth quarter valued at $27,000. Finally, Elyxium Wealth LLC purchased a new position in Sysco during the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Transactions at Sysco

In related news, Director John M. Hinshaw purchased 13,304 shares of Sysco stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the transaction, the director directly owned 40,200 shares in the company, valued at $3,021,834. This represents a 49.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays cut their target price on Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a research note on Friday, June 26th. Piper Sandler cut their price objective on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Guggenheim reduced their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, Citigroup lifted their target price 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 investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.15.

Sysco Stock Performance

Shares of NYSE SYY opened at $84.71 on Friday. Sysco Corporation has a 12-month low of $68.19 and a 12-month high of $91.85. The firm has a market capitalization of $40.50 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 3.21 and a beta of 0.64. 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 firm has a 50 day moving average of $76.88 and a 200 day moving average of $78.88.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, research analysts anticipate that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.55 per share. This is a boost from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, July 2nd. Sysco’s dividend payout ratio is presently 60.94%.

Sysco 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.