North Star Asset Management Inc. Sells 61,003 Shares of Sysco Corporation $SYY

North Star Asset Management Inc. decreased its position in Sysco Corporation (NYSE:SYY) by 44.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,605 shares of the company’s stock after selling 61,003 shares during the quarter. North Star Asset Management Inc.’s holdings in Sysco were worth $5,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Montag A & Associates Inc. lifted its position in Sysco by 1.4% in the 4th quarter. Montag A & Associates Inc. now owns 8,743 shares of the company’s stock worth $644,000 after buying an additional 123 shares during the last quarter. United Community Bank lifted its position in Sysco by 11.4% in the 4th quarter. United Community Bank now owns 1,224 shares of the company’s stock worth $90,000 after buying an additional 125 shares during the last quarter. Octavia Wealth Advisors LLC lifted its position in 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 buying an additional 141 shares during the last quarter. Diversify Wealth Management LLC lifted its position in Sysco by 1.6% in the 4th quarter. Diversify Wealth Management LLC now owns 9,173 shares of the company’s stock worth $698,000 after buying an additional 143 shares during the last quarter. Finally, Capital Investment Advisory Services LLC lifted its position in Sysco by 3.2% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 4,942 shares of the company’s stock worth $407,000 after buying an additional 151 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Price Performance

Shares of Sysco stock opened at $76.30 on Friday. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. The business’s 50 day simple moving average is $76.03 and its two-hundred day simple moving average is $78.02. The stock has a market capitalization of $36.49 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 3.12 and a beta of 0.66. Sysco Corporation has a one year low of $68.19 and a one year high of $91.85.

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 return on equity of 103.57% and a net margin of 2.08%.The company had revenue of $20.52 billion during the quarter, compared to analysts’ expectations of $20.56 billion. During the same period last year, the firm earned $0.96 earnings per share. Sysco’s revenue for the quarter was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Analysts forecast that Sysco Corporation will post 4.59 EPS for the current year.

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. This is a boost from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 2nd. Sysco’s payout ratio is presently 59.83%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SYY shares. Wells Fargo & Company boosted 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. Deutsche Bank Aktiengesellschaft cut Sysco from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a research note on Tuesday, April 28th. Truist Financial lifted their price target on Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Argus raised Sysco to a “hold” rating in a research note on Thursday, January 29th. Finally, Sanford C. Bernstein decreased their price target on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.15.

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.