North Star Asset Management Inc. Decreases Stake in Sysco Corporation $SYY

North Star Asset Management Inc. lowered its position in Sysco Corporation (NYSE:SYY) by 44.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 75,605 shares of the company’s stock after selling 61,003 shares during the quarter. North Star Asset Management Inc.’s holdings in Sysco were worth $5,571,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SYY. Jackson Grant Investment Advisers Inc. bought a new position in Sysco in the 3rd quarter worth about $25,000. Lloyd Advisory Services LLC. bought a new position in Sysco in the 4th quarter worth about $25,000. Peterson Wealth Services boosted its stake in Sysco by 875.7% in the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after purchasing an additional 324 shares during the period. Torren Management LLC bought a new position in Sysco in the 4th quarter worth about $27,000. Finally, Elyxium Wealth LLC bought a new position in Sysco in the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SYY. Piper Sandler cut their target price on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Jefferies Financial Group raised their target price on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. BMO Capital Markets restated an “outperform” rating on shares of Sysco in a research note on Wednesday, January 28th. Sanford C. Bernstein cut their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a research note on Tuesday, April 28th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.15.

Sysco Stock Performance

Shares of SYY opened at $76.30 on Friday. The company has a market cap of $36.49 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 3.12 and a beta of 0.66. 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 stock has a 50-day moving average price of $76.03 and a 200-day moving average price of $78.02. Sysco Corporation has a 12-month low of $68.19 and a 12-month high of $91.85.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $20.52 billion for 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 business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, equities analysts forecast that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The firm 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 is a boost 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 dividend yield of 2.9%. Sysco’s dividend payout ratio is 59.83%.

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.