Sysco Corporation $SYY Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its holdings in Sysco Corporation (NYSE:SYY) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 212,272 shares of the company’s stock after buying an additional 14,033 shares during the period. Crossmark Global Holdings Inc.’s holdings in Sysco were worth $15,642,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Sysco by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 62,305,343 shares of the company’s stock valued at $4,591,281,000 after purchasing an additional 814,270 shares in the last quarter. State Street Corp lifted its stake in shares of Sysco by 0.9% in the 3rd quarter. State Street Corp now owns 26,669,576 shares of the company’s stock valued at $2,195,973,000 after purchasing an additional 246,542 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Sysco by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 18,360,707 shares of the company’s stock valued at $1,511,821,000 after purchasing an additional 46,040 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Sysco by 3,977.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock valued at $387,935,000 after purchasing an additional 4,595,819 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Sysco by 12.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,639,931 shares of the company’s stock valued at $201,076,000 after purchasing an additional 283,706 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Performance

Shares of NYSE:SYY opened at $72.46 on Friday. The company has a market cap of $34.65 billion, a P/E ratio of 20.07, a PEG ratio of 2.98 and a beta of 0.66. 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 one year low of $68.19 and a one year high of $91.85. The business’s 50-day simple moving average is $78.94 and its 200 day simple moving average is $78.26.

Sysco (NYSE:SYY) last announced 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 company had revenue of $20.52 billion for the quarter, compared to analysts’ expectations of $20.56 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, sell-side analysts forecast that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on SYY. Weiss Ratings lowered Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. lifted their price objective on Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Argus raised Sysco to a “hold” rating in a research note on Thursday, January 29th. Finally, Sanford C. Bernstein reduced their price objective on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 29th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Sysco has a consensus rating of “Moderate Buy” and a consensus target price 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.