12,099 Shares in Sysco Corporation $SYY Purchased by Mountain Lake Investment Management LLC

Key Points

• Mountain Lake Investment Management LLC has invested approximately $908,000 in Sysco Corporation, acquiring 12,099 shares during the first quarter, making it the firm's 21st largest holding.
• Several hedge funds increased their stakes in Sysco, with Boston Partners leading the way by raising its holdings by 24.8% during the same period.
• Analysts have a generally positive outlook on Sysco, with a consensus rating of "Moderate Buy" and a price target averaging $85.69, reflecting optimism about the company's earnings performance.

Mountain Lake Investment Management LLC purchased a new stake in shares of Sysco Corporation (NYSE:SYY - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,099 shares of the company's stock, valued at approximately $908,000. Sysco makes up approximately 0.9% of Mountain Lake Investment Management LLC's investment portfolio, making the stock its 21st biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Invesco Ltd. lifted its holdings in shares of Sysco by 1.0% during the first quarter. Invesco Ltd. now owns 17,070,502 shares of the company's stock valued at $1,280,970,000 after purchasing an additional 162,961 shares in the last quarter. Boston Partners lifted its holdings in shares of Sysco by 24.8% during the first quarter. Boston Partners now owns 15,199,828 shares of the company's stock valued at $1,139,798,000 after purchasing an additional 3,015,714 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of Sysco by 2.0% during the first quarter. Diamond Hill Capital Management Inc. now owns 7,353,551 shares of the company's stock valued at $551,810,000 after purchasing an additional 146,573 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Sysco by 2.6% during the first quarter. Northern Trust Corp now owns 5,828,930 shares of the company's stock valued at $437,403,000 after purchasing an additional 145,477 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Sysco by 19.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,695,636 shares of the company's stock valued at $359,028,000 after purchasing an additional 777,271 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Sysco Stock Performance

Shares of NYSE SYY traded down $0.93 during trading on Monday, hitting $81.52. The company had a trading volume of 3,043,304 shares, compared to its average volume of 2,638,187. The stock has a 50 day simple moving average of $79.41 and a 200 day simple moving average of $75.17. 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 12 month low of $67.12 and a 12 month high of $83.17. The firm has a market capitalization of $39.52 billion, a P/E ratio of 21.86, a price-to-earnings-growth ratio of 2.55 and a beta of 0.80.

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

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 annualized dividend and a dividend yield of 2.6%. Sysco's dividend payout ratio (DPR) is 57.91%.

Insider Activity

In other news, EVP Ronald L. Phillips sold 37,606 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total value of $3,046,086.00. Following the transaction, the executive vice president owned 30,235 shares of the company's stock, valued at $2,449,035. This trade represents a 55.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the transaction, the executive vice president directly owned 56,304 shares in the company, valued at $4,504,320. This trade represents a 41.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 91,377 shares of company stock worth $7,361,490 in the last ninety days. Corporate insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SYY shares. Guggenheim upped their price target on Sysco from $85.00 to $87.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Barclays increased their target price on Sysco from $77.00 to $82.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Bank of America increased their target price on Sysco from $81.00 to $93.00 and gave the company a "buy" rating in a report on Friday, July 18th. Wall Street Zen raised Sysco from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, Citigroup initiated coverage on Sysco in a report on Thursday, May 22nd. They issued a "neutral" rating and a $78.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Sysco currently has an average rating of "Moderate Buy" and a consensus 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.