VIRGINIA RETIREMENT SYSTEMS ET Al Purchases 90,500 Shares of Sysco Corporation $SYY

VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of Sysco Corporation (NYSE:SYY) by 12.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 801,400 shares of the company’s stock after purchasing an additional 90,500 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.17% of Sysco worth $59,055,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Jackson Grant Investment Advisers Inc. acquired a new position in Sysco during the 3rd quarter valued at approximately $25,000. Peterson Wealth Services increased its stake in 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. Torren Management LLC acquired a new position in Sysco during the 4th quarter valued at approximately $27,000. Marquette Asset Management LLC boosted its holdings in shares of Sysco by 367.4% in the 4th quarter. Marquette Asset Management LLC now owns 402 shares of the company’s stock valued at $30,000 after acquiring an additional 316 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Sysco in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

Shares of NYSE SYY opened at $73.00 on Wednesday. The company’s fifty day moving average price is $77.92 and its 200 day moving average price is $78.13. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. The company has a market capitalization of $34.91 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.96 and a beta of 0.66. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The firm had revenue of $20.52 billion for the quarter, compared to analysts’ expectations of $20.56 billion. During the same period last year, the company posted $0.96 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, research analysts predict that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.0%. This is a boost from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 2nd. Sysco’s payout ratio is currently 60.94%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. UBS Group dropped their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Barclays dropped their price objective on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Sanford C. Bernstein dropped their price objective on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a report on Tuesday, April 28th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $88.15.

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.