Lee Danner & Bass Inc. Grows Stock Holdings in Sysco Corporation $SYY

Lee Danner & Bass Inc. boosted its holdings in Sysco Corporation (NYSE:SYY) by 4.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 189,200 shares of the company’s stock after buying an additional 8,220 shares during the period. Sysco accounts for approximately 0.8% of Lee Danner & Bass Inc.’s holdings, making the stock its 28th biggest position. Lee Danner & Bass Inc.’s holdings in Sysco were worth $13,496,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research analysts have weighed in on SYY shares. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research note on Friday, June 26th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. UBS Group lowered their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Guggenheim dropped 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. Finally, Sanford C. Bernstein cut their target price on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus price target of $88.15.

Insider Buying and Selling

In other Sysco news, Director John M. Hinshaw acquired 13,304 shares of the stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of $75.17 per share, for a total transaction 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 trade represents a 49.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.

Sysco Stock Performance

NYSE SYY opened at $84.71 on Friday. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The business has a 50 day simple moving average of $76.88 and a two-hundred day simple moving average of $78.88. The stock has a market capitalization of $40.50 billion, a PE ratio of 23.46, a P/E/G ratio of 3.21 and a beta of 0.64.

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

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend 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 payout ratio is currently 60.94%.

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.