41,105 Shares in Sysco Corporation $SYY Purchased by Aigen Investment Management LP

Aigen Investment Management LP acquired a new position in Sysco Corporation (NYSE:SYY) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 41,105 shares of the company’s stock, valued at approximately $3,029,000. Sysco accounts for 0.7% of Aigen Investment Management LP’s portfolio, making the stock its 23rd largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SYY. Teacher Retirement System of Texas grew its position in shares of Sysco by 8.0% during the 4th quarter. Teacher Retirement System of Texas now owns 370,571 shares of the company’s stock worth $27,307,000 after buying an additional 27,510 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Sysco by 9.5% during the 4th 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 during the period. Nicholas Company Inc. acquired a new position in shares of Sysco during the 4th quarter worth about $2,278,000. Nordea Investment Management AB grew its position in shares of Sysco by 38.8% during the 4th quarter. Nordea Investment Management AB now owns 1,952,615 shares of the company’s stock worth $144,552,000 after buying an additional 545,688 shares during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in shares of Sysco during the 4th quarter worth about $52,672,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Trading Down 0.6%

NYSE:SYY opened at $79.14 on Friday. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. 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 stock has a market capitalization of $37.84 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65. The business’s 50-day simple moving average is $74.73 and its 200-day simple moving average is $78.18.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share 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 for the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter last year, the firm earned $0.96 EPS. The company’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. Sell-side analysts expect that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The firm also recently disclosed 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. This is a boost from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. Sysco’s dividend payout ratio (DPR) is presently 59.83%.

Insider Buying and Selling at Sysco

In other news, Director John M. Hinshaw bought 13,304 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the purchase, the director owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. The trade was a 49.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SYY. Wells Fargo & Company boosted their target price on Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Piper Sandler decreased their target price on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft lowered Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a research report on Tuesday, April 28th. UBS Group decreased their target price on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Finally, Barclays decreased their target price on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and an average target price 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.