Burney Co. Has $3.96 Million Position in Sysco Corporation $SYY

Burney Co. raised its stake in Sysco Corporation (NYSE:SYY) by 13.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,581 shares of the company’s stock after acquiring an additional 6,461 shares during the period. Burney Co.’s holdings in Sysco were worth $3,965,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Montag A & Associates Inc. raised its stake in Sysco by 1.4% in the fourth quarter. Montag A & Associates Inc. now owns 8,743 shares of the company’s stock valued at $644,000 after purchasing an additional 123 shares in the last quarter. United Community Bank grew its stake in Sysco by 11.4% during the fourth quarter. United Community Bank now owns 1,224 shares of the company’s stock worth $90,000 after buying an additional 125 shares in the last quarter. First Citizens Bank & Trust Co. increased its holdings in Sysco by 1.2% in the 4th quarter. First Citizens Bank & Trust Co. now owns 11,224 shares of the company’s stock valued at $827,000 after buying an additional 138 shares during the period. Octavia Wealth Advisors LLC raised its position in shares of Sysco by 4.6% in the 4th quarter. Octavia Wealth Advisors LLC now owns 3,231 shares of the company’s stock valued at $237,000 after buying an additional 141 shares in the last quarter. Finally, Diversify Wealth Management LLC lifted its holdings in shares of Sysco by 1.6% during the 4th quarter. Diversify Wealth Management LLC now owns 9,173 shares of the company’s stock worth $698,000 after acquiring an additional 143 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Performance

NYSE:SYY opened at $84.65 on Wednesday. The stock’s 50-day moving average is $77.21 and its 200-day moving average is $79.04. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. The stock has a market cap of $40.48 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 3.18 and a beta of 0.64.

Sysco (NYSE:SYY) last posted its 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). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business had revenue of $20.52 billion for the quarter, compared to analyst estimates of $20.56 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Equities research analysts anticipate that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The business 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. The ex-dividend date is Thursday, July 2nd. This is a positive change from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a yield of 2.6%. Sysco’s dividend payout ratio (DPR) is currently 60.94%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein decreased their price objective on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 29th. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. 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. 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 note on Tuesday, April 28th. Finally, Barclays dropped their target price on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $88.15.

Insider Transactions at Sysco

In related 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 cost of $75.17 per share, with a total value of $1,000,061.68. Following the acquisition, the director owned 40,200 shares of the company’s stock, valued at $3,021,834. This represents a 49.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is currently owned by corporate 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.