Y Intercept Hong Kong Ltd Buys Shares of 18,104 Sysco Corporation $SYY

Y Intercept Hong Kong Ltd bought a new stake in shares of Sysco Corporation (NYSE:SYY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,104 shares of the company’s stock, valued at approximately $1,371,000.

Other institutional investors have also recently made changes to their positions in the company. Chung Wu Investment Group LLC bought a new position in shares of Sysco in the second quarter worth $30,000. N.E.W. Advisory Services LLC bought a new position in shares of Sysco in the first quarter worth $33,000. 1248 Management LLC bought a new position in shares of Sysco in the first quarter worth $35,000. Cheviot Value Management LLC bought a new position in shares of Sysco in the first quarter worth $34,000. Finally, Banque Transatlantique SA bought a new position in shares of Sysco in the first quarter worth $35,000. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

NYSE SYY opened at $74.35 on Monday. The company has a 50-day simple moving average of $80.08 and a two-hundred day simple moving average of $77.08. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47. The firm has a market cap of $35.60 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.19 and a beta of 0.82.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business had revenue of $21.15 billion during the quarter, compared to analyst estimates of $21.03 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities analysts forecast that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 3rd were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, October 3rd. Sysco’s dividend payout ratio is presently 57.91%.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $81.00, for a total transaction of $77,841.00. Following the completion of the sale, the executive vice president directly owned 41,501 shares in the company, valued at $3,361,581. This represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 14,732 shares of company stock worth $1,193,245 in the last ninety days. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SYY. Sanford C. Bernstein began coverage on shares of Sysco in a report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price target on the stock. Citigroup upped their price target on shares of Sysco from $84.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Truist Financial upped their price target on shares of Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. UBS Group set a $90.00 target price on Sysco in a research note on Wednesday, July 30th. Finally, Bank of America increased their target price on Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and an average price target of $87.31.

About Sysco

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.