Sunriver Management LLC Buys New Stake in Sysco Corporation $SYY

Sunriver Management LLC purchased a new position in shares of Sysco Corporation (NYSE:SYY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 556,343 shares of the company’s stock, valued at approximately $45,809,000. Sysco makes up 5.0% of Sunriver Management LLC’s holdings, making the stock its 9th largest holding. Sunriver Management LLC owned 0.12% of Sysco at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. purchased a new stake in Sysco during the 3rd quarter worth about $25,000. Harbor Capital Advisors Inc. boosted its stake in shares of Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Peterson Wealth Services grew its holdings in shares of Sysco by 875.7% during the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after buying an additional 324 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Sysco in the second quarter valued at approximately $31,000. Finally, Vermillion & White Wealth Management Group LLC raised its position in shares of Sysco by 94.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after buying an additional 204 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Trading Up 0.5%

Shares of NYSE:SYY traded up $0.43 during trading on Friday, reaching $85.34. 90,822 shares of the stock were exchanged, compared to its average volume of 3,964,763. The firm’s 50-day moving average price is $83.19 and its 200 day moving average price is $79.48. The firm has a market cap of $40.87 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 2.63 and a beta of 0.58. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $91.85. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30.

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

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be issued a dividend of $0.54 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.16 annualized dividend and a dividend yield of 2.5%. Sysco’s payout ratio is presently 58.06%.

Insiders Place Their Bets

In other Sysco news, 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 transaction of $232,454.99. Following the transaction, the director owned 12,868 shares in the company, valued at $1,067,915.32. The trade was a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ronald L. Phillips sold 5,601 shares of the company’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 directly owned 35,965 shares of the company’s stock, valued at $2,913,165. The trade was a 13.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on SYY. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Citigroup raised their price objective on Sysco from $81.00 to $88.00 and gave the stock a “neutral” rating in a 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. Piper Sandler raised their price target on Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, UBS Group lifted their price target on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and an average target price of $90.31.

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.