Northwestern Mutual Wealth Management Co. Sells 15,759 Shares of Sysco Corporation $SYY

Northwestern Mutual Wealth Management Co. lowered its position in shares of Sysco Corporation (NYSE:SYY) by 30.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,409 shares of the company’s stock after selling 15,759 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Sysco were worth $2,683,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Sysco in the 3rd quarter valued at about $25,000. Torren Management LLC bought a new stake in shares of Sysco in the 4th quarter valued at about $27,000. Navalign LLC bought a new stake in shares of Sysco in the 4th quarter valued at about $29,000. Peterson Wealth Services lifted its stake in shares of Sysco by 875.7% in the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after acquiring an additional 324 shares during the last quarter. Finally, Marquette Asset Management LLC lifted its stake in shares of Sysco by 367.4% in the 4th quarter. Marquette Asset Management LLC now owns 402 shares of the company’s stock valued at $30,000 after acquiring an additional 316 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Up 0.0%

Shares of NYSE:SYY opened at $76.30 on Tuesday. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. The company has a market cap of $36.49 billion, a PE ratio of 21.14, a P/E/G ratio of 3.12 and a beta of 0.66. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. The stock’s 50-day moving average is $75.85 and its 200 day moving average is $78.08.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The business had revenue of $20.52 billion for the quarter, compared to analysts’ expectations of $20.56 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Sell-side analysts anticipate that Sysco Corporation will post 4.59 EPS for the current year.

Sysco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.55 per share. This is a positive change from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. Sysco’s dividend payout ratio (DPR) is currently 59.83%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Guggenheim lowered their target price on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Jefferies Financial Group boosted their target price on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Sanford C. Bernstein lowered their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Truist Financial boosted their target price on Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Argus raised Sysco to a “hold” rating in a research note on Thursday, January 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.15.

Sysco Company 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.