Sysco Corporation $SYY Stake Increased by Benjamin Edwards Inc.

Benjamin Edwards Inc. raised its stake in shares of Sysco Corporation (NYSE:SYY) by 84.1% during the third quarter, HoldingsChannel reports. The fund owned 17,289 shares of the company’s stock after acquiring an additional 7,897 shares during the quarter. Benjamin Edwards Inc.’s holdings in Sysco were worth $1,424,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SYY. Norges Bank bought a new position in shares of Sysco during the second quarter worth about $493,686,000. Vanguard Group Inc. raised its stake in Sysco by 2.0% during the second quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after buying an additional 1,226,381 shares in the last quarter. Marshall Wace LLP lifted its holdings in Sysco by 207.6% during the 2nd quarter. Marshall Wace LLP now owns 1,164,656 shares of the company’s stock worth $88,211,000 after buying an additional 785,995 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Sysco by 143.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,215,260 shares of the company’s stock worth $92,044,000 after acquiring an additional 715,663 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Sysco by 163.1% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 710,900 shares of the company’s stock valued at $58,536,000 after acquiring an additional 440,700 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Performance

Shares of SYY stock opened at $74.33 on Tuesday. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47. 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 firm has a market capitalization of $35.59 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. The business has a 50 day simple moving average of $74.44 and a 200 day simple moving average of $77.69.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. The company had revenue of $21.15 billion during the quarter, compared to analyst estimates of $21.03 billion. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities research analysts anticipate that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays raised their price objective on Sysco from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Citigroup reduced their price target on shares of Sysco from $82.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 7th. Sanford C. Bernstein started coverage on shares of Sysco in a research report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price objective for the company. Piper Sandler cut their target price on shares of Sysco from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, December 12th. Finally, Morgan Stanley set a $88.00 target price on Sysco in a research note on Tuesday, October 21st. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.00.

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.