Sysco Corporation $SYY Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in Sysco Corporation (NYSE:SYY) by 14.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 343,061 shares of the company’s stock after buying an additional 42,734 shares during the quarter. Teacher Retirement System of Texas’ holdings in Sysco were worth $28,248,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Gateway Investment Advisers LLC increased its holdings in Sysco by 594.8% in the 3rd quarter. Gateway Investment Advisers LLC now owns 85,622 shares of the company’s stock valued at $7,050,000 after purchasing an additional 73,298 shares during the last quarter. Norges Bank purchased a new position in shares of Sysco during the second quarter worth $493,686,000. Accurate Wealth Management LLC acquired a new stake in shares of Sysco in the third quarter valued at $2,497,000. Brighton Jones LLC raised its holdings in shares of Sysco by 4.3% in the 2nd 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 stake in Sysco by 31.6% during the 2nd quarter. Shell Asset Management Co. now owns 19,218 shares of the company’s stock worth $1,456,000 after acquiring an additional 4,620 shares in the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Citigroup lowered their price objective on shares of Sysco from $82.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, January 7th. Sanford C. Bernstein started coverage on shares of Sysco in a research note on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 target price on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a research report on Monday, December 29th. Finally, Morgan Stanley dropped their price target on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and an average price target of $85.75.

Sysco Stock Down 0.9%

Shares of NYSE:SYY opened at $76.18 on Friday. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. The firm’s 50 day moving average price is $74.97 and its 200 day moving average price is $77.72. The company has a quick ratio of 0.65, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. The stock has a market cap of $36.48 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 2.53 and a beta of 0.61.

Sysco (NYSE:SYY) last announced 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. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The company had revenue of $21.15 billion for the quarter, compared to the consensus estimate of $21.03 billion. During the same period in the prior year, the firm posted $1.09 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd were paid a $0.54 dividend. The ex-dividend date was Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.8%. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

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.