Oak Thistle LLC Takes Position in Sysco Corporation $SYY

Key Points

• Oak Thistle LLC purchased a new stake of 15,601 Sysco shares (about $1.15M) in Q4, as institutional investors now own roughly 83.41% of SYY.
• Recent results and guidance: Sysco reported $0.99 EPS (beating the $0.98 estimate) and set FY2026 guidance at $4.60 EPS; analysts maintain a consensus "Moderate Buy" with a $87.85 target.
• Dividend and insider moves: Sysco declared a $0.54 quarterly dividend (2.9% yield; ex-dividend Apr 2, payable Apr 24), while insiders have been reducing holdings (insiders own 0.56% of shares).

Oak Thistle LLC purchased a new stake in shares of Sysco Corporation (NYSE:SYY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,601 shares of the company's stock, valued at approximately $1,150,000.

Other hedge funds have also modified their holdings of the company. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Sysco during the third quarter valued at approximately $25,000. Harbor Capital Advisors Inc. grew its stake in shares of Sysco by 75.0% during the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company's stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Peterson Wealth Services boosted its stake in Sysco by 875.7% in the third quarter. Peterson Wealth Services now owns 361 shares of the company's stock valued at $30,000 after acquiring an additional 324 shares during the last quarter. Marquette Asset Management LLC boosted its stake in Sysco by 367.4% in the fourth quarter. Marquette Asset Management LLC now owns 402 shares of the company's stock valued at $30,000 after acquiring an additional 316 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Sysco in the second quarter valued at approximately $31,000. 83.41% of the stock is owned by institutional investors.

Sysco Trading Down 0.2%

Shares of NYSE:SYY opened at $75.01 on Friday. The firm has a market cap of $35.92 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.71 and a beta of 0.69. Sysco Corporation has a 12 month low of $68.00 and a 12 month high of $91.85. The company's fifty day simple moving average is $83.70 and its 200 day simple moving average is $79.08. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45.

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

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 2nd. Sysco's payout ratio is currently 58.06%.

Insider Buying and Selling at Sysco

In related news, Director Sheila Talton sold 2,801 shares of the business's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the sale, the director directly owned 12,868 shares of the company's stock, valued at approximately $1,067,915.32. The trade was a 17.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ronald L. Phillips sold 5,601 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president directly owned 35,965 shares in the company, valued at $2,913,165. This represents a 13.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SYY shares. Jefferies Financial Group raised their price objective on shares of Sysco from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. UBS Group reduced their price objective on shares of Sysco from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Thursday, April 2nd. JPMorgan Chase & Co. raised their price objective on shares of Sysco from $85.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, January 28th. Argus raised shares of Sysco to a "hold" rating in a research note on Thursday, January 29th. Finally, Truist Financial raised their price objective on shares of Sysco from $90.00 to $94.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.85.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.