Park Avenue Securities LLC Buys New Stake in Sysco Corporation $SYY

Park Avenue Securities LLC purchased a new position in shares of Sysco Corporation (NYSE:SYY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,662 shares of the company’s stock, valued at approximately $1,207,000.

Other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. lifted its stake in Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares in the last quarter. Chung Wu Investment Group LLC acquired a new stake in shares of Sysco during the second quarter worth about $30,000. Darwin Wealth Management LLC purchased a new position in shares of Sysco in the second quarter valued at approximately $31,000. Vermillion & White Wealth Management Group LLC boosted its stake 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 purchasing an additional 204 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in Sysco by 234.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $35,000 after buying an additional 321 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Up 0.1%

Sysco stock opened at $74.33 on Tuesday. The stock has a market cap of $35.59 billion, a PE ratio of 19.93, a P/E/G ratio of 2.45 and a beta of 0.61. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.65. The stock’s fifty day moving average is $74.44 and its two-hundred day moving average is $77.69. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $83.47.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. The business had revenue of $21.15 billion for the quarter, compared to the consensus estimate of $21.03 billion. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, sell-side analysts expect that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, January 2nd. Sysco’s payout ratio is currently 57.91%.

Analyst Ratings Changes

Several brokerages have commented on SYY. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Morgan Stanley set a $88.00 target price on Sysco in a report on Tuesday, October 21st. Piper Sandler cut their price target on Sysco from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a research report on Monday, December 29th. Finally, Sanford C. Bernstein assumed coverage on Sysco in a research report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price objective for the company. Eight 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 currently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

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.