Oregon Public Employees Retirement Fund Acquires 12,702 Shares of Sysco Corporation $SYY

Oregon Public Employees Retirement Fund boosted its holdings in Sysco Corporation (NYSE:SYY) by 30.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,543 shares of the company’s stock after acquiring an additional 12,702 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Sysco were worth $4,491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SYY. Harbor Capital Advisors Inc. raised its stake in shares of Sysco by 75.0% in the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Chung Wu Investment Group LLC purchased a new stake in Sysco in the 2nd quarter valued at $30,000. Darwin Wealth Management LLC purchased a new stake in Sysco in the 2nd quarter valued at $31,000. Vermillion & White Wealth Management Group LLC lifted its stake in Sysco by 94.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after acquiring an additional 204 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Sysco by 234.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $35,000 after acquiring an additional 321 shares during the last quarter. 83.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on SYY shares. Sanford C. Bernstein assumed coverage on shares of Sysco in a report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 target price for the company. Barclays increased their price objective on shares of Sysco from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Citigroup decreased their price target on Sysco from $82.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Piper Sandler cut their price objective on Sysco from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Sysco Price Performance

Shares of NYSE SYY opened at $74.27 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.65 and a debt-to-equity ratio of 5.54. The stock has a fifty day simple moving average of $74.41 and a two-hundred day simple moving average of $77.68. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $83.47. The firm has a market cap of $35.56 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61.

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

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be given 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 is Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

Sysco Company 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.