Natixis Advisors LLC Acquires 42,032 Shares of Sysco Corporation $SYY

Natixis Advisors LLC raised its stake in Sysco Corporation (NYSE:SYY) by 9.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 494,826 shares of the company’s stock after acquiring an additional 42,032 shares during the quarter. Natixis Advisors LLC owned about 0.10% of Sysco worth $40,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Intech Investment Management LLC boosted its holdings in Sysco by 53.1% in the first quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock valued at $1,674,000 after acquiring an additional 7,742 shares during the last quarter. Schnieders Capital Management LLC. boosted 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 valued at $781,000 after acquiring an additional 2,000 shares during the last quarter. Vestmark Advisory Solutions Inc. bought a new stake in shares of Sysco during the 2nd quarter valued at $1,646,000. AE Wealth Management LLC raised its position in shares of Sysco by 3.9% during the 2nd quarter. AE Wealth Management LLC now owns 18,909 shares of the company’s stock valued at $1,432,000 after acquiring an additional 718 shares during the last quarter. Finally, Aviva PLC lifted its stake in shares of Sysco by 6.7% in the 2nd quarter. Aviva PLC now owns 366,081 shares of the company’s stock valued at $27,727,000 after purchasing an additional 23,100 shares during the period. 83.41% of the stock is owned by institutional investors.

Sysco Stock Down 0.7%

NYSE:SYY opened at $84.64 on Tuesday. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $91.85. The stock has a 50-day moving average price of $82.55 and a two-hundred day moving average price of $79.38. The stock has a market cap of $40.54 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 2.65 and a beta of 0.58. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $20.80 billion. During the same quarter last year, the firm posted $0.93 earnings per share. Sysco’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. As a group, equities analysts expect that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.6%. Sysco’s payout ratio is presently 58.06%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Guggenheim reiterated a “buy” rating on shares of Sysco in a report on Thursday. Barclays raised their target price on Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 price target on Sysco and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Wells Fargo & Company increased their price target on shares of Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Finally, UBS Group lifted their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and an average target price of $90.31.

Insider Buying and Selling

In related 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 value of $453,681.00. Following the sale, the executive vice president directly owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. The trade was a 13.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the transaction, the director directly owned 12,868 shares of the company’s stock, 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. Insiders own 0.56% of the company’s stock.

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.