Diversified Trust Co Invests $2.50 Million in Sysco Corporation $SYY

Diversified Trust Co acquired a new stake in Sysco Corporation (NYSE:SYY) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 35,040 shares of the company’s stock, valued at approximately $2,499,000.

Several other hedge funds and other institutional investors have also modified their holdings of SYY. Teacher Retirement System of Texas raised its position in shares of Sysco by 8.0% during the fourth quarter. Teacher Retirement System of Texas now owns 370,571 shares of the company’s stock valued at $27,307,000 after buying an additional 27,510 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Sysco by 9.5% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 412,423 shares of the company’s stock worth $30,445,000 after buying an additional 35,647 shares in the last quarter. Nicholas Company Inc. bought a new position in Sysco during the fourth quarter valued at about $2,278,000. Nordea Investment Management AB raised its holdings in Sysco by 38.8% in the 4th quarter. Nordea Investment Management AB now owns 1,952,615 shares of the company’s stock valued at $144,552,000 after acquiring an additional 545,688 shares in the last quarter. Finally, Norges Bank acquired a new position in Sysco in the 4th quarter valued at approximately $542,780,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Down 0.1%

SYY opened at $78.64 on Monday. The firm has a market cap of $37.60 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 3.21 and a beta of 0.65. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. The firm’s 50-day simple moving average is $75.37 and its 200-day simple moving average is $78.31. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85.

Sysco (NYSE:SYY) last announced 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 firm had revenue of $20.52 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the business earned $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Equities research analysts anticipate that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The company also recently announced 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 represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. Sysco’s dividend payout ratio is presently 59.83%.

Insider Activity

In other Sysco news, Director John M. Hinshaw bought 13,304 shares of Sysco stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the acquisition, the director directly owned 40,200 shares of the company’s stock, valued at $3,021,834. The trade was a 49.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SYY. Piper Sandler decreased their price objective on Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Guggenheim cut their target price on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Weiss Ratings cut Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. UBS Group decreased their price target on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $88.15.

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.