Hudson Bay Capital Management LP Invests $11.36 Million in Sysco Corporation $SYY

Hudson Bay Capital Management LP purchased a new stake in shares of Sysco Corporation (NYSE:SYY) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 149,983 shares of the company’s stock, valued at approximately $11,360,000.

A number of other hedge funds have also bought and sold shares of the business. Geneos Wealth Management Inc. grew its stake in Sysco by 338.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 17,916 shares of the company’s stock valued at $1,357,000 after purchasing an additional 13,829 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Sysco in the 2nd quarter worth about $99,000. Wellington Capital Management Inc. bought a new position in Sysco during the second quarter valued at about $215,000. Rexford Capital Inc. purchased a new stake in Sysco during the second quarter worth about $605,000. Finally, Headlands Technologies LLC bought a new stake in Sysco in the second quarter worth about $42,000. 83.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SYY shares. Piper Sandler reduced their target price on shares of Sysco from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday. Morgan Stanley set a $88.00 price objective on Sysco in a report on Tuesday, October 21st. Sanford C. Bernstein initiated coverage on Sysco in a research note on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 target price on the stock. Barclays upped their price target on Sysco from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $86.50.

Sysco Stock Performance

NYSE:SYY opened at $74.34 on Monday. The business’s fifty day moving average is $76.02 and its 200 day moving average is $77.72. The firm has a market cap of $35.60 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.44 and a beta of 0.61. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.65 and a current ratio of 1.15. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.12 by $0.03. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The business had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 billion. During the same quarter last year, the company earned $1.09 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Research analysts predict that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 2nd will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, January 2nd. Sysco’s dividend payout ratio is 57.91%.

About Sysco

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.