Counterpoint Mutual Funds LLC Buys Shares of 6,862 Sysco Corporation $SYY

Counterpoint Mutual Funds LLC purchased a new position in shares of Sysco Corporation (NYSE:SYY) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,862 shares of the company’s stock, valued at approximately $489,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Lloyd Advisory Services LLC. acquired a new position in shares of Sysco in the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC acquired a new stake in Sysco during the fourth quarter worth approximately $25,000. Bard Associates Inc. purchased a new stake in Sysco in the 4th quarter worth approximately $27,000. Torren Management LLC acquired a new position in Sysco in the 4th quarter valued at $27,000. Finally, Elyxium Wealth LLC acquired a new position in Sysco in the 4th quarter valued at $28,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SYY has been the topic of several analyst reports. Sanford C. Bernstein decreased their price objective on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a report on Wednesday, April 29th. Guggenheim dropped 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. Deutsche Bank Aktiengesellschaft downgraded Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a research report on Tuesday, April 28th. UBS Group lowered their price target on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.15.

Insider Activity at Sysco

In other Sysco news, Director John M. Hinshaw bought 13,304 shares of Sysco stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the acquisition, the director owned 40,200 shares of the company’s stock, valued at $3,021,834. The trade was a 49.46% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.56% of the company’s stock.

Sysco Stock Down 0.1%

Shares of NYSE:SYY opened at $84.71 on Friday. 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 1 year low of $68.19 and a 1 year high of $91.85. The stock has a market capitalization of $40.50 billion, a P/E ratio of 23.46, a PEG ratio of 3.21 and a beta of 0.64. The stock has a 50-day simple moving average of $76.88 and a 200-day simple moving average of $78.88.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). The business had revenue of $20.52 billion during the quarter, compared to analysts’ expectations of $20.56 billion. Sysco had a net margin of 2.08% and a return on equity of 103.57%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Equities analysts forecast that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is 60.94%.

Sysco 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.