Rayburn West Financial Services LLC Takes $8.35 Million Position in Sysco Corporation $SYY

Rayburn West Financial Services LLC purchased a new stake in Sysco Corporation (NYSE:SYY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 113,314 shares of the company’s stock, valued at approximately $8,350,000. Sysco accounts for about 5.2% of Rayburn West Financial Services LLC’s investment portfolio, making the stock its 3rd largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Montag A & Associates Inc. increased its holdings in Sysco by 1.4% during the 4th quarter. Montag A & Associates Inc. now owns 8,743 shares of the company’s stock worth $644,000 after acquiring an additional 123 shares during the period. United Community Bank increased its holdings in 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. Octavia Wealth Advisors LLC increased its holdings in Sysco by 4.6% during the 4th quarter. Octavia Wealth Advisors LLC now owns 3,231 shares of the company’s stock worth $237,000 after acquiring an additional 141 shares during the period. Diversify Wealth Management LLC increased its holdings in Sysco by 1.6% during the 4th quarter. Diversify Wealth Management LLC now owns 9,173 shares of the company’s stock worth $698,000 after acquiring an additional 143 shares during the period. Finally, Capital Investment Advisory Services LLC increased its holdings in Sysco by 3.2% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 4,942 shares of the company’s stock worth $407,000 after acquiring an additional 151 shares during the period. Institutional investors own 83.41% of the company’s stock.

Sysco Price Performance

SYY stock opened at $73.14 on Thursday. 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 52 week low of $68.19 and a 52 week high of $91.85. The firm’s fifty day moving average is $77.57 and its 200 day moving average is $78.09. The firm has a market cap of $34.97 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.98 and a beta of 0.66.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The business had revenue of $20.52 billion for the quarter, compared to the consensus estimate of $20.56 billion. During the same period in the prior year, the business posted $0.96 EPS. 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. Research analysts predict that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 annualized dividend and a dividend yield of 3.0%. This is an increase from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is 59.83%.

Analyst Ratings Changes

SYY has been the topic of a number of analyst reports. 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. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco in a report on Wednesday, January 28th. Jefferies Financial Group boosted their price target on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Guggenheim cut their price target on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, Weiss Ratings cut shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.15.

Sysco 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.