California Public Employees Retirement System Grows Stock Position in Sysco Corporation $SYY

California Public Employees Retirement System lifted its holdings in Sysco Corporation (NYSE:SYY) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 965,654 shares of the company’s stock after buying an additional 7,981 shares during the period. California Public Employees Retirement System’s holdings in Sysco were worth $79,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of SYY. Intech Investment Management LLC raised its stake in Sysco by 53.1% during the first quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock worth $1,674,000 after purchasing an additional 7,742 shares during the period. Schnieders Capital Management LLC. boosted its holdings in Sysco by 24.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,310 shares of the company’s stock valued at $781,000 after purchasing an additional 2,000 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Sysco by 22.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,156,693 shares of the company’s stock valued at $163,348,000 after buying an additional 399,458 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Sysco by 6.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 118,888 shares of the company’s stock worth $9,005,000 after buying an additional 7,007 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of Sysco by 40.2% during the 2nd quarter. Creative Planning now owns 245,093 shares of the company’s stock worth $18,563,000 after buying an additional 70,221 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling at Sysco

In related news, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were 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 $1,067,915.32. The trade was a 17.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ronald L. Phillips sold 5,601 shares of the company’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the transaction, the executive vice president owned 35,965 shares of the company’s stock, valued at $2,913,165. This represents a 13.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.56% of the company’s stock.

Sysco Trading Down 1.1%

NYSE:SYY opened at $84.51 on Tuesday. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $91.85. The stock has a market cap of $40.47 billion, a P/E ratio of 22.72, a P/E/G ratio of 2.66 and a beta of 0.58. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30. The stock has a 50-day simple moving average of $83.68 and a 200-day simple moving average of $79.55.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. The firm had revenue of $20.76 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business earned $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SYY shares. Truist Financial lifted their target price on Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Morgan Stanley lowered their price target on Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Piper Sandler boosted their price objective on shares of Sysco from $80.00 to $83.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Guggenheim reaffirmed a “buy” rating on shares of Sysco in a research note on Thursday, March 5th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.31.

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.