Mondrian Investment Partners LTD Grows Holdings in Sysco Corporation $SYY

Mondrian Investment Partners LTD increased its position in Sysco Corporation (NYSE:SYY) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,850,829 shares of the company’s stock after acquiring an additional 123,392 shares during the quarter. Sysco comprises approximately 2.2% of Mondrian Investment Partners LTD’s holdings, making the stock its 18th biggest position. Mondrian Investment Partners LTD owned about 0.39% of Sysco worth $136,388,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. purchased a new stake in Sysco in the 3rd quarter worth approximately $25,000. Lloyd Advisory Services LLC. purchased a new stake in Sysco in the 4th quarter worth approximately $25,000. Torren Management LLC purchased a new stake in Sysco in the 4th quarter worth approximately $27,000. Elyxium Wealth LLC purchased a new stake in Sysco in the 4th quarter worth approximately $28,000. Finally, Navalign LLC purchased a new stake in Sysco in the 4th quarter worth approximately $29,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SYY shares. Guggenheim cut their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco in a report on Wednesday, January 28th. Argus raised shares of Sysco to a “hold” rating in a report on Thursday, January 29th. UBS Group cut their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, Truist Financial increased their price objective on shares of Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.15.

Sysco Stock Down 0.9%

NYSE SYY opened at $76.30 on Friday. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. The company has a market capitalization of $36.49 billion, a P/E ratio of 21.14, a P/E/G ratio of 3.12 and a beta of 0.66. Sysco Corporation has a one year low of $68.19 and a one year high of $91.85. The stock has a 50 day moving average price of $76.03 and a 200-day moving average price of $78.02.

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

Sysco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.55 per share. 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%. This is an increase from Sysco’s previous quarterly dividend of $0.54. Sysco’s dividend payout ratio is currently 59.83%.

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.