Brandywine Global Investment Management LLC Has $59.94 Million Stake in Sysco Corporation $SYY

Brandywine Global Investment Management LLC boosted its position in shares of Sysco Corporation (NYSE:SYY) by 1.6% during the 4th quarter, HoldingsChannel reports. The firm owned 813,340 shares of the company’s stock after buying an additional 12,562 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Sysco were worth $59,935,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Sysco in the third quarter worth $25,000. Lloyd Advisory Services LLC. acquired a new position in Sysco during the fourth quarter valued at $25,000. Torren Management LLC acquired a new position in Sysco during the fourth quarter valued at $27,000. Elyxium Wealth LLC purchased a new stake in Sysco in the 4th quarter worth about $28,000. Finally, Navalign LLC purchased a new stake in Sysco in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Trading Up 0.1%

NYSE:SYY opened at $76.36 on Monday. The company has a market capitalization of $36.51 billion, a P/E ratio of 21.15, a P/E/G ratio of 3.12 and a beta of 0.65. The stock’s 50 day moving average price is $74.45 and its 200 day moving average price is $78.11. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. Sysco Corporation has a 52 week low of $68.19 and a 52 week high of $91.85.

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 during 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%. Sysco’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, research analysts forecast that Sysco Corporation will post 4.59 EPS for the current fiscal 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 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 2.9%. The ex-dividend date is Thursday, July 2nd. Sysco’s dividend payout ratio is currently 59.83%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SYY. Barclays lowered their target price on Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Piper Sandler decreased their price target on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. UBS Group lowered their price objective on shares of 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 lowered shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Guggenheim cut their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and an average target price of $88.15.

Insider Buying and Selling

In other Sysco news, Director John M. Hinshaw bought 13,304 shares of the 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 transaction, the director directly owned 40,200 shares of the company’s stock, valued at $3,021,834. This represents a 49.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is owned by insiders.

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.