Atlas Capital Advisors Inc. Takes $589,000 Position in Sysco Corporation $SYY

Atlas Capital Advisors Inc. acquired a new stake in Sysco Corporation (NYSE:SYY) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,993 shares of the company’s stock, valued at approximately $589,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of Sysco in the third quarter valued at approximately $25,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Sysco in the fourth quarter valued at approximately $25,000. Torren Management LLC purchased a new stake in shares of Sysco in the fourth quarter valued at approximately $27,000. Elyxium Wealth LLC purchased a new stake in shares of Sysco in the fourth quarter valued at approximately $28,000. Finally, Navalign LLC purchased a new stake in shares of Sysco in the fourth quarter valued at approximately $29,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sysco

In other Sysco news, Director John M. Hinshaw purchased 13,304 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the purchase, the director directly owned 40,200 shares in the company, valued at approximately $3,021,834. This trade represents a 49.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.56% of the stock is currently owned by company insiders.

Sysco Stock Up 0.5%

Shares of NYSE:SYY opened at $79.61 on Tuesday. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85. The business has a fifty day moving average of $74.90 and a two-hundred day moving average of $78.23. The stock has a market cap of $38.07 billion, a P/E ratio of 22.05, a PEG ratio of 3.23 and a beta of 0.65. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The business had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.56 billion. During the same period last year, the company earned $0.96 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, research analysts expect that Sysco Corporation will post 4.59 earnings per share for the current 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 paid a $0.55 dividend. This is a boost from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. Sysco’s dividend payout ratio is currently 59.83%.

Analysts Set New Price Targets

Several brokerages recently commented on SYY. Weiss Ratings cut Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. Piper Sandler dropped their price target on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Barclays dropped their price target on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, Sanford C. Bernstein dropped their price target on Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Wednesday, April 29th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Sysco has an average rating of “Moderate Buy” and an average price target of $88.15.

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.