Aigen Investment Management LP Takes $3.03 Million Position in Sysco Corporation $SYY

Key Points

• Aigen Investment Management opened a new position in Sysco, buying 41,105 shares worth about $3.03 million in the fourth quarter, making SYY its 23rd-largest holding.
• Insider buying and institutional interest were both notable: Director John M. Hinshaw purchased 13,304 shares, while institutional investors own 83.41% of the stock.
• Sysco raised its quarterly dividend to $0.55 per share from $0.54, implying an annualized payout of $2.20 and a 2.8% yield, even as its latest earnings slightly missed expectations.

Aigen Investment Management LP acquired a new stake in Sysco Corporation (NYSE:SYY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 41,105 shares of the company's stock, valued at approximately $3,029,000. Sysco accounts for 0.7% of Aigen Investment Management LP's portfolio, making the stock its 23rd biggest holding.

Several other hedge funds also recently modified their holdings of the business. Atlas Capital Advisors Inc. bought a new position in Sysco in the fourth quarter worth $589,000. FORA Capital LLC bought a new position in Sysco in the fourth quarter worth $591,000. Transamerica Financial Advisors LLC lifted its position in Sysco by 19.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 3,281 shares of the company's stock worth $242,000 after purchasing an additional 527 shares during the period. Quartz Partners LLC lifted its position in Sysco by 7.4% in the fourth quarter. Quartz Partners LLC now owns 5,614 shares of the company's stock worth $414,000 after purchasing an additional 387 shares during the period. Finally, Sunriver Management LLC lifted its position in Sysco by 17.3% in the fourth quarter. Sunriver Management LLC now owns 652,768 shares of the company's stock worth $48,102,000 after purchasing an additional 96,425 shares during the period. 83.41% of the stock is owned by institutional investors.

Insider Buying and Selling at Sysco

In other Sysco news, Director John M. Hinshaw bought 13,304 shares of the stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the purchase, the director owned 40,200 shares in the company, valued at $3,021,834. This represents a 49.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on SYY. Wall Street Zen cut Sysco from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Piper Sandler reduced their target price on Sysco from $83.00 to $77.00 and set a "neutral" rating for the company in a research report on Tuesday, April 7th. Citigroup raised their target price on Sysco from $78.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft cut Sysco from a "buy" rating to a "hold" rating and set a $84.00 target price for the company. in a research report on Tuesday, April 28th. Finally, UBS Group dropped their price objective on Sysco from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Thursday, April 2nd. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $88.15.

Sysco Stock Performance

Shares of NYSE:SYY opened at $79.14 on Friday. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85. The firm has a market cap of $37.84 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. The business has a fifty day moving average of $74.73 and a 200-day moving average of $78.18.

Sysco (NYSE:SYY - Get Free Report) last announced its earnings results 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 net margin of 2.08% and a return on equity of 103.57%. The business had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.56 billion. During the same quarter last 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, equities research analysts predict that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Sysco's previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. Sysco's dividend payout ratio is 59.83%.

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.

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