Cullen Capital Management LLC Has $52.94 Million Stock Position in Sysco Corporation $SYY

Cullen Capital Management LLC boosted its position in Sysco Corporation (NYSE:SYY) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 698,965 shares of the company’s stock after buying an additional 13,751 shares during the quarter. Cullen Capital Management LLC owned approximately 0.14% of Sysco worth $52,940,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Sysco by 2.0% in the second quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after purchasing an additional 1,226,381 shares during the last quarter. Geode Capital Management LLC boosted its stake in Sysco by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 12,551,872 shares of the company’s stock valued at $946,694,000 after purchasing an additional 183,179 shares during the period. Norges Bank bought a new position in Sysco in the 2nd quarter worth approximately $493,686,000. Northern Trust Corp boosted its position in shares of Sysco by 2.6% in the first quarter. Northern Trust Corp now owns 5,828,930 shares of the company’s stock valued at $437,403,000 after acquiring an additional 145,477 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Sysco by 8.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,087,250 shares of the company’s stock worth $381,747,000 after acquiring an additional 391,614 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Up 0.2%

Shares of SYY opened at $74.34 on Monday. The company has a quick ratio of 0.65, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. The company has a 50-day moving average price of $76.02 and a two-hundred day moving average price of $77.72. The stock has a market cap of $35.60 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 2.44 and a beta of 0.61. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $83.47.

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 analysts’ consensus estimates of $1.12 by $0.03. The business had revenue of $21.15 billion during the quarter, compared to analysts’ expectations of $21.03 billion. Sysco had a return on equity of 112.04% and a net margin of 2.21%.Sysco’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities analysts predict that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently announced 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. This represents a $2.16 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, January 2nd. Sysco’s payout ratio is currently 57.91%.

Wall Street Analyst Weigh In

SYY has been the subject of several research analyst reports. Morgan Stanley set a $88.00 target price on shares of Sysco in a research note on Tuesday, October 21st. Sanford C. Bernstein began coverage on shares of Sysco in a research report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price objective for the company. Citigroup decreased their target price on Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sysco in a report on Monday, December 8th. Finally, Barclays lifted their price objective on Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Sysco Company 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.