Candriam S.C.A. Purchases 76,160 Shares of Sysco Corporation $SYY

Candriam S.C.A. raised its holdings in shares of Sysco Corporation (NYSE:SYY) by 43.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 249,841 shares of the company’s stock after acquiring an additional 76,160 shares during the period. Candriam S.C.A. owned about 0.05% of Sysco worth $20,572,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its stake in shares of Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares in the last quarter. Peterson Wealth Services raised its stake in Sysco by 875.7% during the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after buying an additional 324 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in Sysco in the second quarter worth $31,000. Vermillion & White Wealth Management Group LLC grew its stake in shares of Sysco by 94.9% in the second 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 last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Sysco by 234.3% during the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $35,000 after acquiring an additional 321 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Argus upgraded shares of Sysco to a “hold” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. increased their price target on shares of Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Barclays raised their price target on shares of Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 price objective on Sysco and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Finally, Truist Financial lifted their target price on Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.38.

Sysco Stock Performance

NYSE SYY opened at $86.52 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $87.35. The business has a 50-day moving average price of $76.71 and a 200-day moving average price of $78.15. The firm has a market cap of $41.44 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 2.69 and a beta of 0.61.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The company had revenue of $20.76 billion for the quarter, compared to analysts’ expectations of $20.80 billion. During the same period in the previous year, the firm earned $0.93 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, equities research analysts predict that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is presently 58.06%.

Insider Transactions at Sysco

In other news, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the sale, the director directly owned 12,868 shares in the company, valued at approximately $1,067,915.32. This represents a 17.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ronald L. Phillips sold 5,601 shares of Sysco stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the transaction, the executive vice president owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This represents a 13.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.56% of the company’s stock.

Sysco Profile

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.