AXQ Capital LP Acquires 10,898 Shares of Sysco Corporation $SYY

AXQ Capital LP increased its holdings in Sysco Corporation (NYSE:SYY) by 63.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,948 shares of the company’s stock after buying an additional 10,898 shares during the period. Sysco comprises approximately 0.5% of AXQ Capital LP’s investment portfolio, making the stock its 24th biggest holding. AXQ Capital LP’s holdings in Sysco were worth $2,059,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. bought a new position in Sysco in the third quarter worth approximately $25,000. Lloyd Advisory Services LLC. bought a new position in Sysco in the fourth quarter worth approximately $25,000. Torren Management LLC bought a new position in Sysco in the fourth quarter worth approximately $27,000. Elyxium Wealth LLC bought a new position in Sysco in the fourth quarter worth approximately $28,000. Finally, Navalign LLC bought a new position in Sysco in the fourth quarter worth approximately $29,000. Institutional investors own 83.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SYY shares. Piper Sandler reduced their price target on Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. UBS Group reduced their target price on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Wells Fargo & Company upped their target price on Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Sanford C. Bernstein reduced their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. Finally, Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Sysco currently has an average rating of “Moderate Buy” and an average price target of $88.15.

Insider Transactions at Sysco

In other Sysco news, Director John M. Hinshaw bought 13,304 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $3,021,834. This trade represents a 49.46% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.56% of the stock is owned by corporate insiders.

Sysco Trading Down 2.8%

NYSE SYY opened at $73.67 on Tuesday. The company has a market capitalization of $35.23 billion, a PE ratio of 20.41, a P/E/G ratio of 3.10 and a beta of 0.65. The company has a fifty day moving average of $75.01 and a 200 day moving average of $78.12. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $20.52 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Research analysts forecast that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be given 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 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, July 2nd. Sysco’s payout ratio is presently 59.83%.

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.