AlphaQuest LLC Buys 27,874 Shares of Sysco Corporation $SYY

AlphaQuest LLC increased its stake in shares of Sysco Corporation (NYSE:SYY) by 1,146.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 30,305 shares of the company’s stock after purchasing an additional 27,874 shares during the quarter. AlphaQuest LLC’s holdings in Sysco were worth $2,233,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SYY. Wellington Management Group LLP grew its position in Sysco by 3,977.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock worth $387,935,000 after acquiring an additional 4,595,819 shares during the last quarter. Mondrian Investment Partners LTD bought a new stake in shares of Sysco in the 3rd quarter worth approximately $142,237,000. Marshall Wace LLP grew its position in shares of Sysco by 102.6% in the 3rd quarter. Marshall Wace LLP now owns 2,359,471 shares of the company’s stock worth $194,279,000 after buying an additional 1,194,815 shares during the last quarter. Scopus Asset Management L.P. bought a new stake in shares of Sysco in the 3rd quarter worth approximately $87,075,000. Finally, Vanguard Group Inc. grew its position in shares of Sysco by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 62,305,343 shares of the company’s stock worth $4,591,281,000 after buying an additional 814,270 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SYY has been the topic of a number of recent analyst reports. Weiss Ratings lowered Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. Argus upgraded Sysco to a “hold” rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft lowered Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research report on Tuesday, April 28th. Wells Fargo & Company lifted their price target on Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. 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 assigned a Hold rating to the stock. According to MarketBeat, Sysco has a consensus rating of “Moderate Buy” and a consensus price target of $88.15.

Sysco Price Performance

SYY opened at $75.42 on Wednesday. The stock has a 50-day moving average price of $75.65 and a 200-day moving average price of $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 $36.06 billion, a PE ratio of 20.89, a P/E/G ratio of 3.12 and a beta of 0.66. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85.

Sysco (NYSE:SYY) last posted 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). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The company had revenue of $20.52 billion during the quarter, compared to analysts’ expectations of $20.56 billion. During the same period in the prior year, the firm earned $0.96 EPS. Sysco’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Sell-side analysts predict 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 issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This is an increase from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. Sysco’s dividend payout ratio is currently 59.83%.

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.