MQS Management LLC Invests $590,000 in Sysco Corporation $SYY

MQS Management LLC acquired a new position in shares of Sysco Corporation (NYSE:SYY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,004 shares of the company’s stock, valued at approximately $590,000.

Other institutional investors also recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. acquired a new position in shares of Sysco during the 3rd quarter worth about $25,000. Lloyd Advisory Services LLC. acquired a new position in shares of Sysco during the 4th quarter worth about $25,000. Peterson Wealth Services increased its stake in shares of Sysco by 875.7% during the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after purchasing an additional 324 shares during the last quarter. Torren Management LLC acquired a new position in shares of Sysco during the 4th quarter worth about $27,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Sysco during the 4th quarter worth about $28,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Down 0.9%

Shares of SYY opened at $76.30 on Friday. Sysco Corporation has a 52 week low of $68.19 and a 52 week high of $91.85. The firm has a market cap of $36.49 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 3.14 and a beta of 0.66. The firm’s 50-day simple moving average is $76.03 and its 200 day simple moving average is $78.02. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33.

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

Sysco Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SYY shares. Weiss Ratings lowered shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th. Citigroup boosted their price objective on shares of Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. BMO Capital Markets restated an “outperform” rating on shares of Sysco in a research note on Wednesday, January 28th. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a research note on Tuesday, April 28th. 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, the company has an average rating of “Moderate Buy” and a consensus target price 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.