60,286 Shares in Sysco Corporation $SYY Bought by Consolidated Capital Management LLC

Consolidated Capital Management LLC acquired a new position in shares of Sysco Corporation (NYSE:SYY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 60,286 shares of the company’s stock, valued at approximately $4,442,000.

Several other hedge funds and other institutional investors have also modified their holdings of SYY. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of Sysco during the third quarter worth $25,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Sysco during the fourth quarter worth $25,000. Torren Management LLC purchased a new stake in shares of Sysco during the fourth quarter worth $27,000. Elyxium Wealth LLC purchased a new stake in shares of Sysco during the fourth quarter worth $28,000. Finally, Navalign LLC purchased a new stake in shares of Sysco during the fourth quarter worth $29,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on SYY. Barclays cut their price objective on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft lowered Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a report on Tuesday, April 28th. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings lowered Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 30th. Finally, Wells Fargo & Company raised their target price on Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $88.15.

Insider Activity

In other Sysco news, Director John M. Hinshaw purchased 13,304 shares of the stock in a transaction dated Tuesday, May 26th. The shares were bought at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the transaction, the director owned 40,200 shares in the company, valued at $3,021,834. This trade represents a 49.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Sysco Price Performance

NYSE SYY opened at $75.98 on Friday. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. The stock’s 50-day moving average is $75.17 and its two-hundred day moving average is $78.10. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. The firm has a market cap of $36.33 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 3.10 and a beta of 0.66.

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

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be given a $0.55 dividend. 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 of this dividend is Thursday, July 2nd. Sysco’s dividend payout ratio (DPR) is 59.83%.

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.