Russell Investments Group Ltd. Buys 86,938 Shares of Sysco Corporation $SYY

Key Points

• Russell Investments boosted its stake in Sysco by 36.3%, buying 86,938 shares to hold 326,176 shares valued at about $26.84 million (roughly 0.07% of the company).
• Sysco reported quarterly EPS of $0.99 (vs. $0.98 estimate) and revenue of $20.76B (slightly below estimates), set FY2026 guidance at 4.60 EPS, and trades at a P/E of about 22.8.
• The company announced a quarterly dividend of $0.54 ($2.16 annualized, ~2.5% yield; ex-dividend April 2), while insiders have reduced holdings and analysts hold a "Moderate Buy" consensus with an average target of $90.31.

Russell Investments Group Ltd. boosted its stake in shares of Sysco Corporation (NYSE:SYY - Free Report) by 36.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,176 shares of the company's stock after buying an additional 86,938 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of Sysco worth $26,842,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SYY. Jackson Grant Investment Advisers Inc. purchased a new position in shares of Sysco during the third quarter worth approximately $25,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Sysco by 75.0% in 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 period. Peterson Wealth Services grew its stake in Sysco by 875.7% in the third quarter. Peterson Wealth Services now owns 361 shares of the company's stock worth $30,000 after purchasing an additional 324 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Sysco in the second quarter worth approximately $31,000. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in Sysco by 94.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company's stock worth $32,000 after purchasing an additional 204 shares during the period. 83.41% of the stock is currently owned by institutional investors.

Sysco Trading Up 0.3%

NYSE:SYY opened at $84.85 on Friday. The stock has a market capitalization of $40.64 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 2.63 and a beta of 0.58. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $91.85. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. The firm has a 50 day moving average of $83.19 and a 200 day moving average of $79.48.

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

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, April 2nd. Sysco's dividend payout ratio is currently 58.06%.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the firm's stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the sale, the executive vice president owned 35,965 shares of the company's stock, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the business's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the sale, 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 disclosure for this sale is available in the SEC filing. Company insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SYY shares. Citigroup upped their target price on Sysco from $81.00 to $88.00 and gave the stock a "neutral" rating in a report on Wednesday, January 28th. Guggenheim restated a "buy" rating on shares of Sysco in a research note on Thursday, March 5th. Sanford C. Bernstein set a $90.00 price objective on shares of Sysco and gave the stock a "market perform" rating in a research note on Wednesday, January 28th. Argus upgraded shares of Sysco to a "hold" rating in a report on Thursday, January 29th. Finally, Barclays raised their target price 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. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Sysco presently has a consensus rating of "Moderate Buy" and an average price target of $90.31.

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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