Global Retirement Partners LLC Purchases 10,902 Shares of Sysco Corporation $SYY

Global Retirement Partners LLC increased its position in Sysco Corporation (NYSE:SYY) by 337.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,129 shares of the company’s stock after acquiring an additional 10,902 shares during the quarter. Global Retirement Partners LLC’s holdings in Sysco were worth $1,041,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. purchased a new position in shares of Sysco in the third quarter worth about $25,000. Torren Management LLC purchased a new stake in shares of Sysco during the 4th quarter valued at approximately $27,000. Elyxium Wealth LLC bought a new position in Sysco in the 4th quarter worth approximately $28,000. Navalign LLC purchased a new position in Sysco in the 4th quarter valued at approximately $29,000. Finally, Peterson Wealth Services raised its holdings in Sysco by 875.7% during the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after acquiring an additional 324 shares during the period. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Stock Up 0.0%

Shares of NYSE SYY opened at $76.30 on Tuesday. 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 business has a 50-day moving average of $75.85 and a 200-day moving average of $78.08. The firm has a market capitalization of $36.49 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 3.12 and a beta of 0.66. 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 results on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The company had revenue of $20.52 billion during the quarter, compared to analysts’ expectations of $20.56 billion. Sysco had a return on equity of 103.57% 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 in the prior year, the firm earned $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Sell-side analysts expect that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

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

Analyst Ratings Changes

SYY has been the subject of a number of analyst reports. Guggenheim cut their price target on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Wells Fargo & Company increased their price objective on Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. JPMorgan Chase & Co. raised their target price on Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Weiss Ratings cut Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. Finally, Argus raised shares of Sysco to a “hold” rating in a report on Thursday, January 29th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and a consensus price target 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.