Burney Co. Purchases 6,461 Shares of Sysco Corporation $SYY

Burney Co. boosted its position in Sysco Corporation (NYSE:SYY) by 13.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 55,581 shares of the company’s stock after purchasing 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.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SYY shares. Deutsche Bank Aktiengesellschaft lowered Sysco from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a research note on Tuesday, April 28th. Piper Sandler lowered their price objective on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Melius Research downgraded shares of Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday. UBS Group cut their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a research note on Friday, June 26th. 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 stock. According to data from MarketBeat, Sysco currently has an average rating of “Hold” and an average price target of $88.15.

Insider Buying and Selling

In related news, Director John M. Hinshaw bought 13,304 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.56% of the company’s stock.

Sysco Stock Performance

Shares of SYY stock opened at $84.65 on Wednesday. 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 firm has a fifty day simple moving average of $77.21 and a two-hundred day simple moving average of $79.04. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85. The firm has a market capitalization of $40.48 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 3.18 and a beta of 0.64.

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 analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. Sysco had a net margin of 2.08% and a return on equity of 103.57%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Analysts forecast that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. This is an increase from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.6%. Sysco’s dividend payout ratio (DPR) is presently 60.94%.

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.