Teacher Retirement System of Texas Buys 27,510 Shares of Sysco Corporation $SYY

Teacher Retirement System of Texas raised its stake in shares of Sysco Corporation (NYSE:SYY) by 8.0% in the 4th quarter, HoldingsChannel reports. The firm owned 370,571 shares of the company’s stock after purchasing an additional 27,510 shares during the period. Teacher Retirement System of Texas’ holdings in Sysco were worth $27,307,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Sysco by 0.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 40,852 shares of the company’s stock worth $3,364,000 after acquiring an additional 130 shares during the last quarter. Silver Oak Securities Incorporated lifted its holdings in shares of Sysco by 4.0% in the 3rd quarter. Silver Oak Securities Incorporated now owns 3,493 shares of the company’s stock worth $288,000 after acquiring an additional 134 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Sysco by 4.6% in the 3rd quarter. Global Retirement Partners LLC now owns 3,227 shares of the company’s stock worth $266,000 after acquiring an additional 141 shares during the last quarter. Finally, Octavia Wealth Advisors LLC lifted its holdings in shares of Sysco by 4.6% in the 4th quarter. Octavia Wealth Advisors LLC now owns 3,231 shares of the company’s stock worth $237,000 after acquiring an additional 141 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SYY. BMO Capital Markets restated an “outperform” rating on shares of Sysco in a report on Wednesday, January 28th. Citigroup decreased their target price on shares of Sysco from $88.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 31st. JPMorgan Chase & Co. lifted their target price on shares of Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Jefferies Financial Group lifted their target price on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen raised shares of Sysco from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and an average target price of $87.85.

Insider Activity at Sysco

In related news, Director Sheila Talton sold 2,801 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the sale, the director directly owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. This represents a 17.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the sale, the executive vice president directly owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.56% of the company’s stock.

Sysco Stock Up 0.4%

NYSE:SYY opened at $75.82 on Friday. Sysco Corporation has a 1-year low of $68.00 and a 1-year high of $91.85. The firm’s 50-day moving average price is $81.46 and its 200-day moving average price is $78.57. The company has a market capitalization of $36.31 billion, a PE ratio of 20.38, a P/E/G ratio of 2.73 and a beta of 0.69. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $20.76 billion for the quarter, compared to the consensus estimate of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. Sysco’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, equities analysts predict that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 annualized dividend and a yield of 2.9%. This is a positive change from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is currently 58.06%.

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.