BNP Paribas Takes $673,000 Position in Sysco Corporation $SYY

BNP Paribas purchased a new position in Sysco Corporation (NYSE:SYY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,130 shares of the company’s stock, valued at approximately $673,000.

Other institutional investors also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. bought a new stake in Sysco in the third quarter valued at $25,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Sysco in the 4th quarter valued at $25,000. Torren Management LLC acquired a new stake in shares of Sysco in the 4th quarter valued at $27,000. Elyxium Wealth LLC bought a new stake in shares of Sysco in the 4th quarter worth about $28,000. Finally, Navalign LLC acquired a new stake in shares of Sysco during the 4th quarter worth about $29,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Up 0.5%

Shares of SYY opened at $74.12 on Wednesday. The firm has a market capitalization of $35.44 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 3.01 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 business’s fifty day moving average price is $75.01 and its two-hundred day moving average price is $78.12. Sysco Corporation has a 52 week low of $68.19 and a 52 week high of $91.85.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 103.57% and a net margin of 2.08%.The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, analysts predict that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be issued 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 yield of 3.0%. The ex-dividend date is Thursday, July 2nd. Sysco’s dividend payout ratio (DPR) is currently 59.83%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SYY. Weiss Ratings cut shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th. Wells Fargo & Company lifted their target price on shares of Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. UBS Group decreased their price target on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Guggenheim cut their price objective on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to 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 acquired 13,304 shares of Sysco stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the purchase, the director owned 40,200 shares in the company, valued at $3,021,834. The trade was a 49.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

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.