Counterpoint Mutual Funds LLC Buys New Position in Sysco Corporation $SYY

Counterpoint Mutual Funds LLC purchased a new position in shares of Sysco Corporation (NYSE:SYY) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,862 shares of the company’s stock, valued at approximately $489,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SYY. Lloyd Advisory Services LLC. acquired a new stake in Sysco in the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC acquired a new position in shares of Sysco during the fourth quarter worth $25,000. Torren Management LLC acquired a new position in shares of Sysco during the fourth quarter worth $27,000. Bard Associates Inc. purchased a new position in shares of Sysco in the fourth quarter valued at $27,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Sysco in the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insiders Place Their Bets

In other news, Director John M. Hinshaw acquired 13,304 shares of the business’s stock in a transaction on 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 purchase, the director directly owned 40,200 shares of the company’s stock, valued at $3,021,834. This represents a 49.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Sysco Trading Down 0.1%

SYY opened at $84.71 on Friday. The stock has a market capitalization of $40.50 billion, a PE ratio of 23.46, a P/E/G ratio of 3.21 and a beta of 0.64. The firm’s fifty day moving average price is $76.88 and its 200 day moving average price is $78.88. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. Sysco Corporation has a 12-month low of $68.19 and a 12-month high of $91.85.

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

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This is a positive change from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 2.6%. Sysco’s dividend payout ratio is 60.94%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SYY shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a research note on Friday, June 26th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Piper Sandler dropped their target price on Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Sanford C. Bernstein cut their price target on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 29th. Finally, Barclays reduced their price target on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $88.15.

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.