Tred Avon Family Wealth LLC Takes $821,000 Position in Sysco Corporation $SYY

Tred Avon Family Wealth LLC purchased a new stake in Sysco Corporation (NYSE:SYY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,974 shares of the company’s stock, valued at approximately $821,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Sysco during the 2nd quarter worth $493,686,000. Vanguard Group Inc. boosted its holdings in shares of Sysco by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after buying an additional 1,226,381 shares in the last quarter. Marshall Wace LLP grew its position in shares of Sysco by 207.6% in the 2nd quarter. Marshall Wace LLP now owns 1,164,656 shares of the company’s stock worth $88,211,000 after buying an additional 785,995 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Sysco by 143.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,215,260 shares of the company’s stock worth $92,044,000 after acquiring an additional 715,663 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in Sysco by 163.1% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 710,900 shares of the company’s stock valued at $58,536,000 after acquiring an additional 440,700 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors.

Sysco Trading Down 0.6%

Sysco stock opened at $78.70 on Friday. The stock has a 50-day moving average price of $74.77 and a 200 day moving average price of $77.73. The company has a market capitalization of $37.69 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 2.59 and a beta of 0.61. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.47. The company has a quick ratio of 0.65, a current ratio of 1.15 and a debt-to-equity ratio of 5.54.

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

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, January 2nd. Sysco’s payout ratio is 57.91%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Guggenheim lifted their price target on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Morgan Stanley set a $88.00 price objective on Sysco in a research report on Tuesday, October 21st. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Finally, 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 report on Wednesday, January 7th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

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.