Azzad Asset Management Inc. ADV Has $2.80 Million Stock Position in Sysco Corporation $SYY

Azzad Asset Management Inc. ADV lessened its position in shares of Sysco Corporation (NYSE:SYY) by 34.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 33,985 shares of the company’s stock after selling 17,948 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Sysco were worth $2,798,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SYY. Norges Bank acquired a new position in Sysco in the second quarter valued at $493,686,000. Vanguard Group Inc. lifted its stake in shares of Sysco by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after purchasing an additional 1,226,381 shares during the period. Marshall Wace LLP lifted its stake in shares of Sysco by 207.6% in the 2nd quarter. Marshall Wace LLP now owns 1,164,656 shares of the company’s stock valued at $88,211,000 after purchasing an additional 785,995 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Sysco by 143.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,215,260 shares of the company’s stock valued at $92,044,000 after purchasing an additional 715,663 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in Sysco by 163.1% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 710,900 shares of the company’s stock worth $58,536,000 after purchasing an additional 440,700 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Trading Up 2.2%

SYY opened at $86.52 on Monday. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $86.72. The firm has a market capitalization of $41.44 billion, a PE ratio of 23.26, a P/E/G ratio of 2.69 and a beta of 0.61. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75. The company’s 50-day moving average is $76.50 and its 200 day moving average is $78.11.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $20.76 billion during the quarter, compared to analyst estimates of $20.80 billion. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, research analysts predict that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd were paid a dividend of $0.54 per share. The ex-dividend date was Friday, January 2nd. This represents a $2.16 annualized dividend and a yield of 2.5%. Sysco’s dividend payout ratio (DPR) is 58.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SYY shares. Wells Fargo & Company increased their price target on Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Morgan Stanley reduced their price target on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Citigroup upped their price objective on shares of Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Argus upgraded Sysco to a “hold” rating in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. upped their price target on Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.38.

Insiders Place Their Bets

In other news, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the sale, the director owned 12,868 shares in the company, valued at $1,067,915.32. This represents a 17.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the sale, the executive vice president owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This represents a 13.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is owned by insiders.

About Sysco

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.