Eminence Capital LP Acquires 374,882 Shares of Sysco Corporation $SYY

Eminence Capital LP boosted its holdings in Sysco Corporation (NYSE:SYY) by 71.8% during the 4th quarter, Holdings Channel reports. The firm owned 897,277 shares of the company’s stock after acquiring an additional 374,882 shares during the period. Eminence Capital LP’s holdings in Sysco were worth $66,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Sysco during the 3rd quarter worth $25,000. Lloyd Advisory Services LLC. bought a new position in Sysco during the fourth quarter valued at about $25,000. Motiv8 Investments LLC purchased a new stake in Sysco during the fourth quarter worth about $25,000. Torren Management LLC bought a new stake in Sysco in the fourth quarter worth about $27,000. Finally, Bard Associates Inc. bought a new stake in Sysco in the fourth quarter worth about $27,000. Institutional investors own 83.41% of the company’s stock.

Insider Transactions at Sysco

In related news, Director John M. Hinshaw bought 13,304 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the purchase, the director directly owned 40,200 shares in the company, valued at $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a research report on Tuesday, April 28th. UBS Group dropped their price objective on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Wells Fargo & Company raised their target price on Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Sanford C. Bernstein dropped their price target on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. Finally, Barclays cut their price target on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.15.

Sysco Stock Down 0.8%

SYY opened at $78.84 on Thursday. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85. The company has a market cap of $37.70 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 3.24 and a beta of 0.65. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. The company has a 50 day moving average of $75.19 and a 200 day moving average of $78.28.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (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 business had revenue of $20.52 billion for the quarter, compared to the consensus estimate of $20.56 billion. During the same period in the previous year, the firm earned $0.96 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, sell-side analysts expect that Sysco Corporation will post 4.59 EPS for the current year.

Sysco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. 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 presently 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.