Massachusetts Financial Services Co. MA Has $175.36 Million Stock Holdings in Sysco Corporation $SYY

Massachusetts Financial Services Co. MA lessened its holdings in Sysco Corporation (NYSE:SYY) by 1.2% in the 3rd quarter, Holdings Channel reports. The firm owned 2,129,749 shares of the company’s stock after selling 26,944 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Sysco were worth $175,364,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Intech Investment Management LLC lifted its stake in shares of Sysco by 53.1% in the first quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock worth $1,674,000 after buying an additional 7,742 shares during the last quarter. Focus Financial Network Inc. increased its position in Sysco by 8.9% in the 2nd quarter. Focus Financial Network Inc. now owns 4,349 shares of the company’s stock worth $329,000 after buying an additional 355 shares during the period. NorthCrest Asset Manangement LLC acquired a new stake in shares of Sysco in the second quarter worth $254,000. Exchange Traded Concepts LLC boosted its holdings in Sysco by 4.9% in the 2nd quarter. Exchange Traded Concepts LLC now owns 24,149 shares of the company’s stock valued at $1,829,000 after purchasing an additional 1,124 shares during the period. Finally, Diversified Trust Co acquired a new position in shares of Sysco during the second quarter valued at about $225,000. Institutional investors own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

SYY has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a research report on Monday, December 29th. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Piper Sandler reduced their price objective on Sysco from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Citigroup decreased their price objective on shares of Sysco from $82.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, January 7th. Finally, Barclays increased their price target on shares of Sysco from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Sysco Stock Performance

Shares of Sysco stock opened at $78.70 on Tuesday. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.47. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.65 and a current ratio of 1.15. The stock has a market capitalization of $37.69 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 2.59 and a beta of 0.61. The firm has a fifty day moving average of $74.85 and a two-hundred day moving average of $77.74.

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

Sysco Dividend Announcement

The business 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. This represents a $2.16 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is 57.91%.

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.