Sysco Corporation (NYSE:SYY) Announces $0.54 Quarterly Dividend

Sysco Corporation (NYSE:SYY) announced a quarterly dividend on Wednesday, November 12th. Investors of record on Friday, January 2nd will be given a dividend of 0.54 per share on Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, January 2nd.

Sysco has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 57 years. Sysco has a dividend payout ratio of 46.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sysco to earn $4.94 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 43.7%.

Sysco Stock Performance

Shares of SYY stock opened at $75.39 on Thursday. The stock has a fifty day moving average price of $79.11 and a 200 day moving average price of $77.16. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.70 and a current ratio of 1.15. The stock has a market cap of $36.10 billion, a PE ratio of 20.21, a P/E/G ratio of 2.19 and a beta of 0.79. Sysco has a 1 year low of $67.12 and a 1 year high of $83.47.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.03. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The business had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 billion. During the same quarter in the previous year, the company posted $1.09 EPS. The business’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. Sell-side analysts forecast that Sysco will post 4.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sysco news, EVP Ronald L. Phillips sold 7,351 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $81.00, for a total transaction 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. The trade was 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 through this hyperlink. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SYY. Boyd Watterson Asset Management LLC OH boosted its holdings in shares of Sysco by 106.4% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company’s stock worth $236,000 after acquiring an additional 1,622 shares during the period. Gradient Investments LLC boosted its stake in Sysco by 9.2% in the 2nd quarter. Gradient Investments LLC now owns 189,169 shares of the company’s stock worth $14,328,000 after purchasing an additional 15,906 shares during the period. Beacon Financial Group grew its holdings in Sysco by 55.5% during the 2nd quarter. Beacon Financial Group now owns 9,955 shares of the company’s stock valued at $754,000 after buying an additional 3,554 shares in the last quarter. Brighton Jones LLC increased its position in shares of Sysco by 4.3% during the second quarter. Brighton Jones LLC now owns 90,338 shares of the company’s stock valued at $6,842,000 after buying an additional 3,760 shares during the period. Finally, Shell Asset Management Co. lifted its holdings in shares of Sysco by 31.6% in the second quarter. Shell Asset Management Co. now owns 19,218 shares of the company’s stock worth $1,456,000 after buying an additional 4,620 shares in the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

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.