Becker Capital Management Inc. Has $35.04 Million Holdings in Sysco Corporation $SYY

Becker Capital Management Inc. decreased its holdings in Sysco Corporation (NYSE:SYY) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 462,590 shares of the company’s stock after selling 11,561 shares during the quarter. Sysco accounts for about 1.1% of Becker Capital Management Inc.’s portfolio, making the stock its 26th largest holding. Becker Capital Management Inc. owned approximately 0.10% of Sysco worth $35,037,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SYY. Chung Wu Investment Group LLC acquired a new stake in shares of Sysco in the second quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC increased its stake in Sysco by 94.9% during 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 during the period. 1248 Management LLC acquired a new position in Sysco in the 1st quarter valued at $35,000. Banque Transatlantique SA acquired a new position in Sysco in the 1st quarter valued at $35,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of Sysco by 234.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $35,000 after purchasing an additional 321 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

NYSE:SYY opened at $73.58 on Thursday. The company has a quick ratio of 0.65, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47. The company has a fifty day moving average of $76.36 and a 200-day moving average of $77.65. The firm has a market capitalization of $35.24 billion, a P/E ratio of 19.73, a P/E/G ratio of 2.38 and a beta of 0.61.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $21.03 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. Sysco’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. As a group, sell-side analysts anticipate 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. Investors of record on Friday, January 2nd will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, January 2nd. Sysco’s dividend payout ratio is 57.91%.

Analysts Set New Price Targets

SYY has been the subject of a number of analyst reports. Sanford C. Bernstein initiated coverage on Sysco in a research note on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price target for the company. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Morgan Stanley set a $88.00 price target on shares of Sysco in a research report on Tuesday, October 21st. Citigroup reduced their price target on shares of Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Finally, Barclays raised their price objective on Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Sysco Profile

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.