SG Americas Securities LLC Has $20.17 Million Holdings in Sysco Corporation $SYY

SG Americas Securities LLC lifted its holdings in shares of Sysco Corporation (NYSE:SYY) by 176.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 273,772 shares of the company’s stock after purchasing an additional 174,903 shares during the quarter. SG Americas Securities LLC’s holdings in Sysco were worth $20,174,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. 1620 Investment Advisors Inc. boosted its holdings in Sysco by 2.6% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 4,904 shares of the company’s stock valued at $404,000 after purchasing an additional 126 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Sysco by 0.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 40,852 shares of the company’s stock worth $3,364,000 after purchasing an additional 130 shares during the period. Silver Oak Securities Incorporated increased its holdings in shares of Sysco by 4.0% during the 3rd quarter. Silver Oak Securities Incorporated now owns 3,493 shares of the company’s stock worth $288,000 after purchasing an additional 134 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Sysco by 75.0% during the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after buying an additional 135 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of Sysco by 4.6% during the third quarter. Global Retirement Partners LLC now owns 3,227 shares of the company’s stock valued at $266,000 after buying an additional 141 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Down 1.0%

Shares of NYSE SYY opened at $81.85 on Friday. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $91.85. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30. The business has a fifty day moving average of $84.92 and a two-hundred day moving average of $79.64. The stock has a market cap of $39.20 billion, a PE ratio of 22.00, a PEG ratio of 2.57 and a beta of 0.58.

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

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, April 2nd. Sysco’s dividend payout ratio (DPR) is currently 58.06%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SYY shares. Barclays boosted their price target on Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Weiss Ratings raised Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 24th. Guggenheim restated a “buy” rating on shares of Sysco in a research report on Thursday, March 5th. JPMorgan Chase & Co. upped their target price on Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Finally, Citigroup raised their target price on Sysco from $81.00 to $88.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.31.

Insider Buying and Selling at Sysco

In other Sysco news, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the transaction, the director owned 12,868 shares in the company, valued at approximately $1,067,915.32. The trade was a 17.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.56% of the company’s stock.

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.