R Squared Ltd Invests $1.12 Million in Sysco Corporation $SYY

Key Points

• R Squared Ltd opened a new position in Sysco, buying 15,238 shares valued at approximately $1.12 million in Q4, while institutional investors now own 83.41% of the company (Vanguard alone holds 62.3M shares, ~ $4.59B).
• Sysco modestly beat EPS expectations ($0.99 vs. $0.98) while revenue slightly missed ($20.76B vs. $20.80B); the company has a market cap of $36.05B, a P/E of 20.23, and raised its quarterly dividend to $0.55 ($2.20 annualized, ~2.9% yield).
• Analyst sentiment is mixed but constructive—average rating a "Moderate Buy" with a consensus price target of $87.85—while the stock trades around $75.26 (down 1.7%) within a 52-week range of $68.00–$91.85.

R Squared Ltd purchased a new position in shares of Sysco Corporation (NYSE:SYY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,238 shares of the company's stock, valued at approximately $1,123,000.

Several other institutional investors and hedge funds have also modified their holdings of SYY. Wellington Management Group LLP boosted its stake in shares of Sysco by 3,977.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company's stock worth $387,935,000 after acquiring an additional 4,595,819 shares during the last quarter. Mondrian Investment Partners LTD purchased a new position in shares of Sysco during the 3rd quarter worth $142,237,000. Marshall Wace LLP boosted its stake in shares of Sysco by 102.6% during the 3rd quarter. Marshall Wace LLP now owns 2,359,471 shares of the company's stock worth $194,279,000 after acquiring an additional 1,194,815 shares during the last quarter. Scopus Asset Management L.P. purchased a new position in shares of Sysco during the 3rd quarter worth $87,075,000. Finally, Vanguard Group Inc. boosted its stake in shares of Sysco by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 62,305,343 shares of the company's stock worth $4,591,281,000 after acquiring an additional 814,270 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company's stock.

Sysco Trading Down 1.7%

NYSE:SYY opened at $75.26 on Tuesday. Sysco Corporation has a one year low of $68.00 and a one year high of $91.85. 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 has a market cap of $36.05 billion, a P/E ratio of 20.23, a P/E/G ratio of 2.76 and a beta of 0.69. The firm has a 50-day simple moving average of $80.88 and a 200-day simple moving average of $78.51.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The company's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS. Equities analysts anticipate that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. This is a boost from Sysco's previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. Sysco's dividend payout ratio (DPR) is presently 59.14%.

Wall Street Analysts Forecast Growth

SYY has been the topic of several recent analyst reports. Barclays raised their price objective on shares of Sysco from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, January 28th. Piper Sandler decreased their price objective on shares of Sysco from $83.00 to $77.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 7th. UBS Group decreased their price objective on shares of Sysco from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Thursday, April 2nd. Argus upgraded shares of Sysco to a "hold" rating in a research report on Thursday, January 29th. Finally, Weiss Ratings downgraded shares of Sysco from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, March 30th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $87.85.

Insider Activity at Sysco

In related news, Director Sheila Talton sold 2,801 shares of the business's 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 completion of the transaction, the director owned 12,868 shares in the company, valued at $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 is available through this link. 0.56% of the stock is currently owned by company insiders.

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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