Quantbot Technologies LP Purchases New Position in Sysco Corporation $SYY

Quantbot Technologies LP acquired a new position in Sysco Corporation (NYSE:SYY) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 8,320 shares of the company’s stock, valued at approximately $685,000.

Several other institutional investors also recently bought and sold shares of SYY. Intech Investment Management LLC increased its stake in shares of Sysco by 53.1% during the first quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock valued at $1,674,000 after buying an additional 7,742 shares during the period. Schnieders Capital Management LLC. lifted its stake in Sysco by 24.1% in the second quarter. Schnieders Capital Management LLC. now owns 10,310 shares of the company’s stock worth $781,000 after acquiring an additional 2,000 shares during the period. Atlantic Union Bankshares Corp grew its holdings in Sysco by 268.4% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 10,606 shares of the company’s stock worth $803,000 after acquiring an additional 7,727 shares in the last quarter. Resona Asset Management Co. Ltd. grew its holdings in Sysco by 5.0% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 193,839 shares of the company’s stock worth $14,644,000 after acquiring an additional 9,249 shares in the last quarter. Finally, Modera Wealth Management LLC increased its position in Sysco by 6.7% during the 2nd quarter. Modera Wealth Management LLC now owns 112,203 shares of the company’s stock valued at $8,498,000 after purchasing an additional 7,056 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Stock Down 0.6%

Shares of SYY stock opened at $85.30 on Friday. The stock’s fifty day moving average price is $82.35 and its 200 day moving average price is $79.35. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $91.85. The company has a market cap of $40.85 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 2.65 and a beta of 0.58. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The company had revenue of $20.76 billion during the quarter, compared to analysts’ expectations of $20.80 billion. During the same period last year, the business posted $0.93 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, April 2nd. Sysco’s payout ratio is currently 58.06%.

Analyst Ratings Changes

SYY has been the subject of several recent research reports. BMO Capital Markets restated an “outperform” rating on shares of Sysco in a report on Wednesday, January 28th. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a report on Sunday. Sanford C. Bernstein set a $90.00 price objective on shares of Sysco and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. upped their target price on Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Finally, Guggenheim reaffirmed a “buy” rating on shares of Sysco in a research report on Thursday. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.31.

Insider Activity at Sysco

In other news, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the sale, the executive vice president directly owned 35,965 shares of the company’s stock, valued at $2,913,165. The trade was a 13.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the transaction, the director directly owned 12,868 shares in the company, valued at approximately $1,067,915.32. The trade was a 17.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is currently owned by 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.