Edgestream Partners L.P. Boosts Stake in Sysco Corporation $SYY

Edgestream Partners L.P. lifted its holdings in Sysco Corporation (NYSE:SYY) by 79.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,216 shares of the company’s stock after purchasing an additional 17,312 shares during the period. Edgestream Partners L.P.’s holdings in Sysco were worth $2,970,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SYY. Chung Wu Investment Group LLC acquired a new position in shares of Sysco during the 2nd quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC increased its holdings in Sysco by 94.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after acquiring an additional 204 shares in the last quarter. Hantz Financial Services Inc. raised its position in Sysco by 234.3% during the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $35,000 after acquiring an additional 321 shares during the period. 1248 Management LLC purchased a new position in Sysco during the first quarter valued at $35,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Sysco in the first quarter valued at about $35,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Activity

In other news, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total transaction of $77,841.00. Following the sale, the executive vice president owned 41,501 shares of the company’s stock, valued at approximately $3,361,581. The trade was a 2.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is owned by corporate insiders.

Sysco Stock Performance

Shares of Sysco stock opened at $73.42 on Friday. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.65 and a current ratio of 1.15. The business’s 50 day moving average price is $77.10 and its 200 day moving average price is $77.60. The company has a market cap of $35.16 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 2.40 and a beta of 0.61. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47.

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

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.16 annualized dividend and a dividend yield of 2.9%. Sysco’s dividend payout ratio is 57.91%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SYY. Morgan Stanley set a $88.00 price target on shares of Sysco in a research report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Sysco in a report on Monday. Barclays raised their target price on Sysco from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Guggenheim increased their price objective on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Finally, Citigroup decreased their price objective on Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

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.