Clarkston Capital Partners LLC Increases Stake in Sysco Corporation $SYY

Key Points

• Clarkston Capital Partners LLC increased its stake in Sysco Corporation by 0.5%, holding over 2.14 million shares, which constitutes about 3.2% of its portfolio.
• Sysco recently announced a quarterly dividend of $0.54 per share, with a yield of 2.7%, to be paid on October 24th.
• As of the latest reports, analysts have mixed ratings on Sysco, with an average price target of $85.69 and a 'Moderate Buy' rating from ten analysts.

Clarkston Capital Partners LLC lifted its stake in Sysco Corporation (NYSE:SYY - Free Report) by 0.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,141,143 shares of the company's stock after purchasing an additional 9,972 shares during the quarter. Sysco comprises about 3.2% of Clarkston Capital Partners LLC's portfolio, making the stock its 11th largest holding. Clarkston Capital Partners LLC owned about 0.44% of Sysco worth $160,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Marshall Wace LLP acquired a new stake in Sysco during the 4th quarter valued at approximately $2,021,000. MML Investors Services LLC lifted its stake in Sysco by 11.0% during the 4th quarter. MML Investors Services LLC now owns 56,568 shares of the company's stock valued at $4,325,000 after acquiring an additional 5,594 shares during the period. State of Tennessee Department of Treasury lifted its stake in Sysco by 11.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 129,192 shares of the company's stock valued at $9,878,000 after acquiring an additional 13,525 shares during the period. OneDigital Investment Advisors LLC lifted its stake in Sysco by 38.7% during the 4th quarter. OneDigital Investment Advisors LLC now owns 29,623 shares of the company's stock valued at $2,265,000 after acquiring an additional 8,264 shares during the period. Finally, Stifel Financial Corp lifted its stake in Sysco by 0.6% during the 4th quarter. Stifel Financial Corp now owns 507,150 shares of the company's stock valued at $38,777,000 after acquiring an additional 3,194 shares during the period. 83.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sysco

In related news, EVP Greg D. Bertrand sold 40,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the sale, the executive vice president owned 56,304 shares of the company's stock, valued at approximately $4,504,320. The trade was a 41.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ronald L. Phillips sold 6,286 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $81.00, for a total transaction of $509,166.00. Following the completion of the sale, the executive vice president directly owned 34,404 shares of the company's stock, valued at approximately $2,786,724. The trade was a 15.45% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 84,026 shares of company stock valued at $6,766,059. 0.54% of the stock is owned by insiders.

Sysco Price Performance

Shares of NYSE SYY opened at $80.8660 on Thursday. The firm has a market cap of $39.20 billion, a PE ratio of 21.68, a PEG ratio of 2.46 and a beta of 0.83. The firm has a fifty day moving average of $77.93 and a 200 day moving average of $74.27. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. Sysco Corporation has a one year low of $67.12 and a one year high of $82.64.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.39 by $0.09. The company had revenue of $21.14 billion during the quarter, compared to analyst estimates of $21.01 billion. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The firm's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, research analysts predict that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.7%. Sysco's payout ratio is presently 57.91%.

Analysts Set New Price Targets

SYY has been the subject of several research reports. Wall Street Zen cut shares of Sysco from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Citigroup initiated coverage on shares of Sysco in a research note on Thursday, May 22nd. They set a "neutral" rating and a $78.00 price objective for the company. Barclays lifted their target price on shares of Sysco from $77.00 to $82.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Guggenheim lifted their target price on shares of Sysco from $85.00 to $87.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, BMO Capital Markets cut their target price on shares of Sysco from $82.00 to $77.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $85.69.

Sysco Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.

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