Berkeley Capital Partners LLC Trims Stock Holdings in Sysco Corporation $SYY

Berkeley Capital Partners LLC lowered its holdings in Sysco Corporation (NYSE:SYY) by 50.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,664 shares of the company’s stock after selling 9,911 shares during the period. Berkeley Capital Partners LLC’s holdings in Sysco were worth $712,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allworth Financial LP boosted its holdings in Sysco by 53.3% in the fourth quarter. Allworth Financial LP now owns 18,286 shares of the company’s stock valued at $1,347,000 after purchasing an additional 6,354 shares during the last quarter. Rayburn West Financial Services LLC purchased a new position in Sysco in the fourth quarter valued at about $8,350,000. Navalign LLC purchased a new position in Sysco in the fourth quarter valued at about $29,000. Oregon Public Employees Retirement Fund lifted its holdings in Sysco by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 54,843 shares of the company’s stock worth $4,041,000 after buying an additional 300 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its holdings in Sysco by 479.2% during the 4th quarter. Ameritas Advisory Services LLC now owns 3,070 shares of the company’s stock worth $226,000 after buying an additional 2,540 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Up 0.2%

Shares of Sysco stock opened at $73.14 on Thursday. 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 business’s 50 day simple moving average is $77.57 and its 200-day simple moving average is $78.09. The stock has a market capitalization of $34.97 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 2.98 and a beta of 0.66. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85.

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

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, July 2nd. This is a positive change from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is currently 59.83%.

Analyst Upgrades and Downgrades

A number of research firms have commented on SYY. Sanford C. Bernstein reduced their target price 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 reduced their target price on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report 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 report on Tuesday, April 28th. Citigroup increased their target price on Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings downgraded Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 30th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.15.

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.