Burney Co. Increases Holdings in Sysco Corporation $SYY

Key Points

• Burney Co. grew its stake in Sysco by 78.5% in Q4 to 49,120 shares, valued at about $3.62 million.
• Institutional investors own 83.41% of Sysco, with several funds adding to positions — for example, Sei Investments now holds 344,504 shares (~$26.09M) after a recent increase.
• Sysco beat Q results with EPS of $0.99 versus $0.98 expected, set FY2026 guidance at 4.60 EPS, and announced a quarterly dividend of $0.54 per share (3.0% yield; payable Apr 24, ex-div Apr 2).

Burney Co. grew its holdings in shares of Sysco Corporation (NYSE:SYY - Free Report) by 78.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,120 shares of the company's stock after buying an additional 21,596 shares during the quarter. Burney Co.'s holdings in Sysco were worth $3,620,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SYY. Intech Investment Management LLC grew its holdings in Sysco by 53.1% during the 1st quarter. Intech Investment Management LLC now owns 22,310 shares of the company's stock valued at $1,674,000 after purchasing an additional 7,742 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in Sysco by 24.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,310 shares of the company's stock valued at $781,000 after purchasing an additional 2,000 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Sysco by 62.4% during the 2nd quarter. NewEdge Advisors LLC now owns 35,447 shares of the company's stock valued at $2,685,000 after purchasing an additional 13,616 shares during the last quarter. Sei Investments Co. grew its holdings in Sysco by 14.2% during the 2nd quarter. Sei Investments Co. now owns 344,504 shares of the company's stock valued at $26,092,000 after purchasing an additional 42,903 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in Sysco by 0.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 226,648 shares of the company's stock valued at $17,166,000 after purchasing an additional 1,710 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Sheila Talton sold 2,801 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the transaction, the director directly owned 12,868 shares in the company, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the transaction, the executive vice president 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. 0.56% of the stock is currently owned by company insiders.

Sysco Price Performance

NYSE SYY opened at $72.86 on Monday. 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 firm's 50 day moving average price is $83.48 and its 200-day moving average price is $78.98. Sysco Corporation has a 52-week low of $68.00 and a 52-week high of $91.85. The company has a market cap of $34.89 billion, a PE ratio of 19.58, a P/E/G ratio of 2.63 and a beta of 0.69.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The firm had revenue of $20.76 billion for the quarter, compared to the consensus estimate of $20.80 billion. During the same period last year, the firm earned $0.93 earnings per share. The company's quarterly revenue was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Sell-side analysts forecast that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.54 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.0%. Sysco's dividend payout ratio (DPR) is currently 58.06%.

Wall Street Analyst Weigh In

SYY has been the topic of several analyst reports. Sanford C. Bernstein set a $90.00 price target on shares of Sysco and gave the company a "market perform" rating in a report on Wednesday, January 28th. Barclays upped their price target on shares of Sysco from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, January 28th. Citigroup cut their price target on shares of Sysco from $88.00 to $72.00 and set a "neutral" rating on the stock in a report on Tuesday, March 31st. Argus upgraded shares of Sysco to a "hold" rating in a report on Thursday, January 29th. Finally, Morgan Stanley cut their price target on shares of Sysco from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 20th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $87.85.

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.

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