Ensign Peak Advisors Inc Grows Position in Sysco Corporation $SYY

Ensign Peak Advisors Inc boosted its stake in Sysco Corporation (NYSE:SYY) by 0.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,092,395 shares of the company’s stock after acquiring an additional 1,236 shares during the period. Ensign Peak Advisors Inc’s holdings in Sysco were worth $82,738,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SYY. Seizert Capital Partners LLC increased its position in shares of Sysco by 16.0% during the second quarter. Seizert Capital Partners LLC now owns 634,710 shares of the company’s stock valued at $48,073,000 after acquiring an additional 87,721 shares during the last quarter. Traub Capital Management LLC purchased a new position in shares of Sysco during the 2nd quarter worth approximately $443,000. Vanguard Group Inc. increased its holdings in Sysco by 2.0% in the 2nd 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. Frank Rimerman Advisors LLC purchased a new stake in Sysco in the second quarter valued at approximately $305,000. Finally, Nordwand Advisors LLC acquired a new position in Sysco during the second quarter worth $4,343,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on SYY. Sanford C. Bernstein initiated coverage on Sysco in a research note on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 target price on the stock. Barclays increased their price target on shares of Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Sysco in a report on Wednesday. Truist Financial upped their target price on shares of Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Insider Buying and Selling

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

Sysco Stock Down 0.3%

SYY stock opened at $75.50 on Friday. The company’s 50 day moving average price is $78.37 and its 200 day moving average price is $77.31. The firm has a market capitalization of $36.15 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.19 and a beta of 0.79. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.70 and a current ratio of 1.15.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The company had revenue of $21.15 billion during the quarter, compared to analysts’ expectations of $21.03 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities research analysts anticipate 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. Investors of record on Friday, January 2nd will be paid a dividend of $0.54 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. Sysco’s payout ratio is presently 57.91%.

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.