Natixis Advisors LLC Has $40.74 Million Stock Position in Sysco Corporation $SYY

Natixis Advisors LLC grew its holdings in Sysco Corporation (NYSE:SYY) by 9.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 494,826 shares of the company’s stock after purchasing an additional 42,032 shares during the period. Natixis Advisors LLC’s holdings in Sysco were worth $40,744,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. 1620 Investment Advisors Inc. lifted its position in Sysco by 2.6% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 4,904 shares of the company’s stock worth $404,000 after buying an additional 126 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Sysco by 0.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 40,852 shares of the company’s stock worth $3,364,000 after acquiring an additional 130 shares in the last quarter. Silver Oak Securities Incorporated boosted its position in Sysco by 4.0% during the third quarter. Silver Oak Securities Incorporated now owns 3,493 shares of the company’s stock valued at $288,000 after purchasing an additional 134 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Sysco by 75.0% in the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of Sysco by 4.6% during the 3rd quarter. Global Retirement Partners LLC now owns 3,227 shares of the company’s stock worth $266,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Down 0.7%

Sysco stock opened at $84.64 on Tuesday. The company’s 50-day moving average price is $82.55 and its two-hundred day moving average price is $79.38. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. The stock has a market cap of $40.54 billion, a P/E ratio of 22.75, a P/E/G ratio of 2.65 and a beta of 0.58. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $91.85.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $20.76 billion during the quarter, compared to analysts’ expectations of $20.80 billion. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, analysts expect that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.16 annualized dividend and a yield of 2.6%. Sysco’s dividend payout ratio (DPR) is presently 58.06%.

Insider Transactions at Sysco

In other news, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the sale, the director owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. The trade was a 17.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was 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 approximately $2,913,165. This represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SYY shares. Wells Fargo & Company raised their target price on shares of Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. BMO Capital Markets restated an “outperform” rating on shares of Sysco in a research note on Wednesday, January 28th. Argus upgraded shares of Sysco to a “hold” rating in a research note on Thursday, January 29th. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Citigroup raised their price objective on Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Sysco currently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

About Sysco

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.