Citizens Financial Group Inc. RI Grows Stake in Sysco Corporation $SYY

Citizens Financial Group Inc. RI increased its holdings in shares of Sysco Corporation (NYSE:SYY) by 46.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,142 shares of the company’s stock after purchasing an additional 18,839 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Sysco were worth $4,870,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. boosted its holdings in shares of Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after buying an additional 135 shares in the last quarter. Chung Wu Investment Group LLC acquired a new position in Sysco in the second quarter valued at $30,000. Darwin Wealth Management LLC purchased a new position in shares of Sysco during the second quarter worth about $31,000. Vermillion & White Wealth Management Group LLC increased its position in shares of Sysco by 94.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after purchasing an additional 204 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Sysco by 234.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $35,000 after purchasing an additional 321 shares during the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a research report on Monday, December 29th. Barclays raised their target price on shares of Sysco from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Guggenheim upped their price target on shares of Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Piper Sandler lowered their price objective on shares of Sysco from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Finally, Sanford C. Bernstein started coverage on shares of Sysco in a report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Sysco Stock Performance

Shares of SYY opened at $74.33 on Tuesday. The stock has a market capitalization of $35.59 billion, a P/E ratio of 19.93, a P/E/G ratio of 2.45 and a beta of 0.61. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.65 and a current ratio of 1.15. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47. The company’s fifty day moving average is $74.44 and its two-hundred day moving average is $77.69.

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

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be given a dividend of $0.54 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.16 annualized dividend and a yield of 2.9%. Sysco’s payout ratio is presently 57.91%.

About Sysco

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.