Illinois Municipal Retirement Fund Buys 63,434 Shares of Sysco Corporation $SYY

Illinois Municipal Retirement Fund lifted its stake in Sysco Corporation (NYSE:SYY) by 34.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,243 shares of the company’s stock after buying an additional 63,434 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.05% of Sysco worth $18,367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in SYY. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Sysco in the third quarter valued at approximately $25,000. Lloyd Advisory Services LLC. bought a new stake in Sysco during the fourth quarter worth $25,000. Torren Management LLC bought a new stake in Sysco during the fourth quarter worth $27,000. Elyxium Wealth LLC bought a new stake in Sysco during the fourth quarter worth $28,000. Finally, Navalign LLC bought a new stake in Sysco during the fourth quarter worth $29,000. 83.41% of the stock is currently owned by institutional investors.

Insider Activity at Sysco

In other news, Director John M. Hinshaw purchased 13,304 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the purchase, the director owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. The trade was a 49.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on SYY. Guggenheim cut their target price on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Sanford C. Bernstein cut their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings cut Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th. Finally, Piper Sandler cut their target price on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.15.

Sysco Stock Up 1.5%

Shares of SYY opened at $78.68 on Thursday. Sysco Corporation has a 52 week low of $68.19 and a 52 week high of $91.85. The stock has a market capitalization of $37.62 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 3.17 and a beta of 0.65. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. The stock has a fifty day moving average of $74.43 and a 200-day moving average of $78.15.

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 firm had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, sell-side analysts anticipate that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, July 2nd. This is a positive change from Sysco’s previous quarterly dividend of $0.54. Sysco’s dividend payout ratio is currently 59.83%.

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.