Seizert Capital Partners LLC Purchases 87,721 Shares of Sysco Corporation $SYY

Seizert Capital Partners LLC increased its position in shares of Sysco Corporation (NYSE:SYY) by 16.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 634,710 shares of the company’s stock after purchasing an additional 87,721 shares during the period. Sysco comprises about 2.1% of Seizert Capital Partners LLC’s investment portfolio, making the stock its 16th largest position. Seizert Capital Partners LLC owned about 0.13% of Sysco worth $48,073,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boston Partners boosted its position in shares of Sysco by 24.8% during the 1st quarter. Boston Partners now owns 15,199,828 shares of the company’s stock valued at $1,139,798,000 after acquiring an additional 3,015,714 shares in the last quarter. Vanguard Group Inc. grew its position in Sysco by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after acquiring an additional 1,226,381 shares during the last quarter. Nuveen LLC bought a new stake in shares of Sysco during the first quarter worth $85,341,000. Amundi raised its holdings in shares of Sysco by 36.5% in the first quarter. Amundi now owns 3,725,508 shares of the company’s stock valued at $280,941,000 after buying an additional 995,498 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Sysco by 1,940.1% in the 1st quarter. Mackenzie Financial Corp now owns 1,016,660 shares of the company’s stock valued at $76,290,000 after acquiring an additional 966,826 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Sysco Stock Performance

Shares of NYSE:SYY opened at $75.96 on Wednesday. The firm’s 50 day simple moving average is $78.58 and its 200 day simple moving average is $77.34. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. The company has a market capitalization of $36.37 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 2.19 and a beta of 0.79. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.70.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.12 by $0.03. The firm had revenue of $21.15 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, sell-side analysts forecast 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 issued 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 2.8%. Sysco’s payout ratio is currently 57.91%.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 7,351 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $81.00, for a total value of $595,431.00. Following the completion of the sale, the executive vice president directly owned 41,837 shares in the company, valued at $3,388,797. This represents a 14.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Morgan Stanley set a $88.00 price objective on Sysco in a report on Tuesday, October 21st. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Guggenheim boosted their price objective on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Sanford C. Bernstein assumed coverage on shares of Sysco in a research note on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 target price on the stock. Finally, Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.