Greenwood Capital Associates LLC Purchases New Stake in Sysco Corporation $SYY

Greenwood Capital Associates LLC acquired a new position in shares of Sysco Corporation (NYSE:SYY) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 16,523 shares of the company’s stock, valued at approximately $1,179,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Montag A & Associates Inc. grew its holdings in Sysco by 1.4% in the 4th quarter. Montag A & Associates Inc. now owns 8,743 shares of the company’s stock valued at $644,000 after buying an additional 123 shares in the last quarter. United Community Bank raised its holdings in shares of Sysco by 11.4% during the 4th quarter. United Community Bank now owns 1,224 shares of the company’s stock worth $90,000 after acquiring an additional 125 shares during the period. First Citizens Bank & Trust Co. boosted its position in shares of Sysco by 1.2% during the 4th quarter. First Citizens Bank & Trust Co. now owns 11,224 shares of the company’s stock valued at $827,000 after acquiring an additional 138 shares during the last quarter. Octavia Wealth Advisors LLC boosted its position in shares of Sysco by 4.6% during the 4th quarter. Octavia Wealth Advisors LLC now owns 3,231 shares of the company’s stock valued at $237,000 after acquiring an additional 141 shares during the last quarter. Finally, Diversify Wealth Management LLC grew its holdings in shares of Sysco by 1.6% in the fourth quarter. Diversify Wealth Management LLC now owns 9,173 shares of the company’s stock valued at $698,000 after purchasing an additional 143 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Activity at Sysco

In other news, Director John M. Hinshaw acquired 13,304 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the purchase, the director owned 40,200 shares of the company’s stock, valued at $3,021,834. This represents a 49.46% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SYY has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Barclays decreased their target price on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a research note on Friday, June 26th. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Melius Research lowered shares of Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Sysco presently has a consensus rating of “Hold” and a consensus price target of $88.15.

Sysco Price Performance

Sysco stock opened at $82.05 on Friday. The company’s 50 day simple moving average is $77.54 and its 200-day simple moving average is $79.15. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. The company has a market capitalization of $39.24 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 3.14 and a beta of 0.64.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share 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 for the quarter, compared to analysts’ expectations of $20.56 billion. During the same period in the previous year, the business posted $0.96 EPS. The business’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. As a group, equities research analysts expect that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.55 per share. This is an increase from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, July 2nd. Sysco’s dividend payout ratio (DPR) is 60.94%.

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.