8,095 Shares in Sysco Corporation $SYY Purchased by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC bought a new position in shares of Sysco Corporation (NYSE:SYY) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 8,095 shares of the company’s stock, valued at approximately $667,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Sysco in the 2nd quarter worth approximately $493,686,000. Mondrian Investment Partners LTD bought a new position in shares of Sysco during the third quarter valued at approximately $142,237,000. Vanguard Group Inc. increased its holdings in Sysco by 2.0% during the second quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after buying an additional 1,226,381 shares during the period. Marshall Wace LLP increased its holdings in Sysco by 207.6% during the second quarter. Marshall Wace LLP now owns 1,164,656 shares of the company’s stock valued at $88,211,000 after buying an additional 785,995 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Sysco by 143.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,215,260 shares of the company’s stock worth $92,044,000 after buying an additional 715,663 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Price Performance

NYSE SYY opened at $85.30 on Monday. The firm’s fifty day simple moving average is $82.35 and its two-hundred day simple moving average is $79.34. The firm has a market capitalization of $40.85 billion, a P/E ratio of 22.93, a P/E/G ratio of 2.65 and a beta of 0.58. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $91.85.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. The firm had revenue of $20.76 billion during the quarter, compared to analyst estimates of $20.80 billion. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Analysts forecast that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be paid a $0.54 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.5%. Sysco’s dividend payout ratio (DPR) is 58.06%.

Insider Activity

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the sale, the executive vice president owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the sale, the director owned 12,868 shares in the company, valued at $1,067,915.32. The trade was a 17.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SYY has been the subject of a number of analyst reports. Guggenheim restated a “buy” rating on shares of Sysco in a report on Thursday. BMO Capital Markets reissued an “outperform” rating on shares of Sysco in a research report on Wednesday, January 28th. Weiss Ratings upgraded Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 24th. UBS Group raised their price objective on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Sanford C. Bernstein set a $90.00 target price on Sysco and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Sysco has an average rating of “Moderate Buy” and a consensus target price of $90.31.

About Sysco

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.