King Luther Capital Management Corp Acquires 11,362 Shares of Sysco Corporation $SYY

King Luther Capital Management Corp grew its holdings in Sysco Corporation (NYSE:SYY) by 33.9% during the 4th quarter, Holdings Channel reports. The firm owned 44,831 shares of the company’s stock after purchasing an additional 11,362 shares during the period. King Luther Capital Management Corp’s holdings in Sysco were worth $3,304,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SYY. Wellington Management Group LLP boosted its stake in shares of Sysco by 3,977.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock valued at $387,935,000 after purchasing an additional 4,595,819 shares during the last quarter. Mondrian Investment Partners LTD acquired a new position in shares of Sysco in the 3rd quarter valued at $142,237,000. Marshall Wace LLP lifted its stake in shares of Sysco by 102.6% in the 3rd quarter. Marshall Wace LLP now owns 2,359,471 shares of the company’s stock valued at $194,279,000 after purchasing an additional 1,194,815 shares during the period. Scopus Asset Management L.P. acquired a new position in shares of Sysco in the 3rd quarter valued at $87,075,000. Finally, Vanguard Group Inc. lifted its stake in shares of Sysco by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 62,305,343 shares of the company’s stock valued at $4,591,281,000 after purchasing an additional 814,270 shares during the period. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Up 0.9%

NYSE:SYY opened at $75.88 on Friday. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. The company has a market cap of $36.28 billion, a PE ratio of 21.02, a PEG ratio of 3.07 and a beta of 0.66. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85. The stock has a 50-day simple moving average of $75.30 and a 200 day simple moving average of $78.12.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business had revenue of $20.52 billion for the quarter, compared to analyst estimates of $20.56 billion. During the same quarter in the previous year, the company posted $0.96 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, sell-side analysts expect 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 issued a dividend of $0.55 per share. The ex-dividend date is Thursday, July 2nd. This is an increase from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. Sysco’s dividend payout ratio is 59.83%.

Insider Buying and Selling

In other Sysco news, Director John M. Hinshaw purchased 13,304 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of $75.17 per share, with a total value of $1,000,061.68. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

SYY has been the topic of several analyst reports. Sanford C. Bernstein cut their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 29th. Guggenheim lowered their price target on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Wells Fargo & Company upped their price target on Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Piper Sandler lowered their price target on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Finally, Barclays lowered their price target on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.15.

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.