Hsbc Holdings PLC Has $82.94 Million Holdings in Sysco Corporation $SYY

Hsbc Holdings PLC grew its holdings in shares of Sysco Corporation (NYSE:SYY) by 13.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,124,843 shares of the company’s stock after purchasing an additional 133,719 shares during the quarter. Hsbc Holdings PLC’s holdings in Sysco were worth $82,940,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Lloyd Advisory Services LLC. bought a new position in Sysco during the fourth quarter worth $25,000. Motiv8 Investments LLC bought a new stake in Sysco in the fourth quarter valued at $25,000. Bard Associates Inc. acquired a new position in shares of Sysco during the fourth quarter valued at about $27,000. Torren Management LLC bought a new position in shares of Sysco during the 4th quarter worth about $27,000. Finally, Elyxium Wealth LLC bought a new position in shares of Sysco during the 4th quarter worth about $28,000. Institutional investors own 83.41% of the company’s stock.

Insider Activity

In related news, Director John M. Hinshaw acquired 13,304 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the acquisition, the director owned 40,200 shares in the company, valued at approximately $3,021,834. This represents a 49.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on SYY shares. Piper Sandler decreased their target price on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Guggenheim reduced their price objective on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Weiss Ratings downgraded Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 30th. Finally, UBS Group cut their target price on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.15.

Sysco Stock Performance

NYSE SYY opened at $78.06 on Tuesday. The company has a 50-day simple moving average of $75.43 and a 200 day simple moving average of $78.34. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. The company has a market capitalization of $37.33 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 3.21 and a beta of 0.65.

Sysco (NYSE:SYY) last released its quarterly earnings data 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). The company had revenue of $20.52 billion for the quarter, compared to the consensus estimate of $20.56 billion. Sysco had a net margin of 2.08% and a return on equity of 103.57%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 earnings per share. 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 EPS for the current year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. 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 59.83%.

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.