Hudson Bay Capital Management LP Purchases 133,523 Shares of Sysco Corporation $SYY

Hudson Bay Capital Management LP increased its position in Sysco Corporation (NYSE:SYY) by 89.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 283,506 shares of the company’s stock after acquiring an additional 133,523 shares during the period. Hudson Bay Capital Management LP’s holdings in Sysco were worth $23,344,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. bought a new stake in Sysco in the third quarter worth approximately $25,000. Harbor Capital Advisors Inc. raised its holdings in shares of Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Peterson Wealth Services raised its holdings in shares of Sysco by 875.7% during the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after purchasing an additional 324 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Sysco in the 2nd quarter valued at $31,000. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in Sysco by 94.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after purchasing an additional 204 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Down 2.1%

Sysco stock opened at $82.54 on Thursday. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $91.85. The firm has a fifty day moving average price of $84.11 and a two-hundred day moving average price of $79.60. The firm has a market cap of $39.53 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 2.62 and a beta of 0.58.

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

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be issued a $0.54 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.6%. Sysco’s dividend payout ratio (DPR) is 58.06%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SYY shares. Piper Sandler increased their target price on shares of Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 price target on Sysco and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Citigroup increased their price objective on Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Truist Financial upped their target price on Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Insider Buying and Selling

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

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.