Night Squared LP Purchases Shares of 18,199 Sysco Corporation $SYY

Night Squared LP acquired a new position in shares of Sysco Corporation (NYSE:SYY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,199 shares of the company’s stock, valued at approximately $1,499,000.

A number of other institutional investors also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. acquired a new stake in Sysco during the 3rd quarter worth approximately $25,000. Harbor Capital Advisors Inc. grew its holdings in Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after buying an additional 135 shares in the last quarter. Peterson Wealth Services grew its holdings in Sysco by 875.7% in the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after buying an additional 324 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Sysco during the 2nd quarter worth $31,000. Finally, Vermillion & White Wealth Management Group LLC increased its position in Sysco by 94.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after buying an additional 204 shares during the period. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

SYY opened at $85.43 on Friday. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $91.85. The firm has a market cap of $40.92 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 2.64 and a beta of 0.58. The business’s fifty day moving average is $83.45 and its 200-day moving average is $79.52.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The business had revenue of $20.76 billion during the quarter, compared to the consensus estimate of $20.80 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Sysco’s revenue for the quarter was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Sell-side analysts expect that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, April 2nd. Sysco’s dividend payout ratio is 58.06%.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 5,601 shares of Sysco stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the transaction, the executive vice president directly owned 35,965 shares of the company’s stock, valued at $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the transaction, the director owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. This represents a 17.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SYY shares. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Barclays raised their price target on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. boosted 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. BMO Capital Markets restated an “outperform” rating on shares of Sysco in a research report on Wednesday, January 28th. Finally, Truist Financial increased their target price on shares of Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

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.