Tidal Investments LLC Boosts Holdings in Sysco Corporation $SYY

Tidal Investments LLC grew its position in shares of Sysco Corporation (NYSE:SYY) by 27.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 138,807 shares of the company’s stock after buying an additional 29,999 shares during the quarter. Tidal Investments LLC’s holdings in Sysco were worth $11,601,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Lloyd Advisory Services LLC. acquired a new position in shares of Sysco during the fourth quarter worth about $25,000. Motiv8 Investments LLC acquired a new stake in Sysco in the fourth quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new stake in Sysco in the 2nd quarter valued at approximately $29,000. Sunbelt Securities Inc. boosted its holdings in Sysco by 87.6% in the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. Finally, Bard Associates Inc. acquired a new position in Sysco during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Activity

In related news, EVP Ronald Phillips sold 7,350 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $83.61, for a total value of $614,533.50. Following the sale, the executive vice president directly owned 38,650 shares in the company, valued at $3,231,526.50. The trade was a 15.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 14,508 shares of company stock worth $1,215,250. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

SYY has been the subject of several recent analyst reports. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Citigroup increased their price objective on Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Morgan Stanley raised their target price on Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Melius Research lowered shares of Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Finally, UBS Group upped their price target on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.50.

Sysco Price Performance

Shares of NYSE:SYY opened at $83.28 on Friday. The firm has a market capitalization of $39.90 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 2.83 and a beta of 0.63. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.28 and a quick ratio of 0.77. The business’s 50 day simple moving average is $82.87 and its 200-day simple moving average is $80.04. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.02. The firm had revenue of $22.12 billion during the quarter, compared to the consensus estimate of $21.95 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%.Sysco’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $1.48 EPS. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. As a group, equities analysts forecast that Sysco Corporation will post 5.08 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 2nd. Sysco’s payout ratio is 60.11%.

Sysco Profile

Sysco Corporation (NYSE:SYY) is a global foodservice distributor that supplies restaurants, health care and educational institutions, hospitality businesses, government facilities, and other customers. Its product portfolio includes fresh and frozen foods, meat and seafood, dairy products, produce, pantry staples, beverages, and specialty items, along with nonfood products such as kitchen equipment, cleaning supplies, and disposable serving products.

In addition to distribution, Sysco provides services designed to support foodservice operators, including menu planning, culinary consulting, merchandising assistance, supply-chain solutions, and business-management resources.