Sysco Corporation $SYY Shares Purchased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP raised its holdings in shares of Sysco Corporation (NYSE:SYY) by 89.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 283,506 shares of the company’s stock after purchasing an additional 133,523 shares during the period. Hudson Bay Capital Management LP owned about 0.06% of Sysco worth $23,344,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Gateway Investment Advisers LLC lifted its holdings in shares of Sysco by 594.8% in the 3rd quarter. Gateway Investment Advisers LLC now owns 85,622 shares of the company’s stock worth $7,050,000 after purchasing an additional 73,298 shares during the last quarter. Norges Bank acquired a new stake in Sysco in the second quarter worth $493,686,000. AE Wealth Management LLC increased its position in Sysco by 320.9% in the third quarter. AE Wealth Management LLC now owns 79,589 shares of the company’s stock worth $6,553,000 after buying an additional 60,680 shares during the period. Krilogy Financial LLC lifted its stake in Sysco by 65.6% in the third quarter. Krilogy Financial LLC now owns 42,435 shares of the company’s stock valued at $3,494,000 after buying an additional 16,807 shares during the last quarter. Finally, Accurate Wealth Management LLC bought a new stake in Sysco in the third quarter valued at $2,497,000. 83.41% of the stock is currently owned by institutional investors.

Sysco Trading Down 2.1%

Sysco stock opened at $82.54 on Thursday. The firm has a market cap of $39.53 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.62 and a beta of 0.58. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $91.85. The firm’s 50 day moving average price is $84.11 and its two-hundred day moving average price is $79.60. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $20.76 billion during the quarter, compared to the consensus estimate of $20.80 billion. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, research analysts predict that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.54 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.6%. Sysco’s payout ratio is currently 58.06%.

Insider Buying and Selling at Sysco

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays upped their price target on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 target price on shares of Sysco and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Morgan Stanley decreased their target price on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. JPMorgan Chase & Co. raised their price target on Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Finally, Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Sysco Company 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.