North Dakota State Investment Board Acquires New Holdings in Sysco Corporation $SYY

North Dakota State Investment Board acquired a new stake in shares of Sysco Corporation (NYSE:SYY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,647 shares of the company’s stock, valued at approximately $1,227,000.

Several other institutional investors also recently bought and sold shares of the business. Montag A & Associates Inc. increased its holdings in Sysco by 1.4% during the fourth quarter. Montag A & Associates Inc. now owns 8,743 shares of the company’s stock valued at $644,000 after buying an additional 123 shares during the period. United Community Bank increased its holdings in Sysco by 11.4% during the fourth quarter. United Community Bank now owns 1,224 shares of the company’s stock valued at $90,000 after buying an additional 125 shares during the period. Octavia Wealth Advisors LLC increased its holdings in Sysco by 4.6% during the fourth quarter. Octavia Wealth Advisors LLC now owns 3,231 shares of the company’s stock valued at $237,000 after buying an additional 141 shares during the period. Diversify Wealth Management LLC increased its holdings in Sysco by 1.6% during the fourth quarter. Diversify Wealth Management LLC now owns 9,173 shares of the company’s stock valued at $698,000 after buying an additional 143 shares during the period. Finally, Capital Investment Advisory Services LLC increased its holdings in Sysco by 3.2% during the third quarter. Capital Investment Advisory Services LLC now owns 4,942 shares of the company’s stock valued at $407,000 after buying an additional 151 shares during the period. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Trading Up 2.2%

NYSE:SYY opened at $75.16 on Wednesday. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85. The firm has a fifty day simple moving average of $76.52 and a 200-day simple moving average of $78.01. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. The company has a market capitalization of $35.94 billion, a P/E ratio of 20.82, a PEG ratio of 3.00 and a beta of 0.66.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The company had revenue of $20.52 billion for the quarter, compared to analyst estimates of $20.56 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company’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, equities research analysts anticipate that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, July 2nd. This is an increase from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. Sysco’s payout ratio is presently 59.83%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SYY. Jefferies Financial Group lifted their price objective on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Wells Fargo & Company lifted their price target on shares of Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Argus raised shares of Sysco to a “hold” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. lifted their price target on shares of Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Finally, Piper Sandler cut their price target on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.