Sysco Corporation $SYY Holdings Increased by Assetmark Inc.

Key Points

• Assetmark Inc. boosted its Sysco stake by 67% in Q4 to 161,277 shares (about $11.89M), and other institutional investors also added positions, leaving institutions owning roughly 83.41% of the stock.
• Wall Street consensus is a "Moderate Buy" with a consensus price target of $87.85, though several analysts have issued mixed updates and trimmed targets recently.
• Sysco slightly beat quarterly EPS estimates ($0.99 vs. $0.98) with revenue up 3% year-over-year, set FY2026 guidance at 4.60 EPS, and declared a quarterly dividend of $0.54 (2.9% yield; ex-dividend Apr 2, payable Apr 24).

Assetmark Inc. boosted its position in shares of Sysco Corporation (NYSE:SYY - Free Report) by 67.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 161,277 shares of the company's stock after buying an additional 64,678 shares during the quarter. Assetmark Inc.'s holdings in Sysco were worth $11,885,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SYY. Intech Investment Management LLC boosted its position in Sysco by 53.1% during the first quarter. Intech Investment Management LLC now owns 22,310 shares of the company's stock valued at $1,674,000 after purchasing an additional 7,742 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in Sysco by 24.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,310 shares of the company's stock valued at $781,000 after purchasing an additional 2,000 shares during the period. NewEdge Advisors LLC grew its stake in shares of Sysco by 62.4% in the second quarter. NewEdge Advisors LLC now owns 35,447 shares of the company's stock worth $2,685,000 after acquiring an additional 13,616 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Sysco by 14.2% during the 2nd quarter. Sei Investments Co. now owns 344,504 shares of the company's stock worth $26,092,000 after purchasing an additional 42,903 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in Sysco by 0.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 226,648 shares of the company's stock valued at $17,166,000 after acquiring an additional 1,710 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SYY. BMO Capital Markets reiterated an "outperform" rating on shares of Sysco in a research note on Wednesday, January 28th. Wall Street Zen upgraded shares of Sysco from a "hold" rating to a "buy" rating in a research report on Saturday, April 11th. Morgan Stanley cut their target price on shares of Sysco from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 20th. Citigroup decreased their price objective on Sysco from $88.00 to $72.00 and set a "neutral" rating for the company in a research note on Tuesday, March 31st. Finally, Guggenheim cut their target price on shares of Sysco from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Thursday, April 2nd. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Sysco has a consensus rating of "Moderate Buy" and a consensus price target of $87.85.

Sysco Price Performance

Shares of SYY opened at $74.01 on Friday. The company's 50-day moving average is $82.66 and its 200-day moving average is $78.80. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75. The firm has a market capitalization of $35.45 billion, a PE ratio of 19.90, a PEG ratio of 2.67 and a beta of 0.69. Sysco Corporation has a fifty-two week low of $68.00 and a fifty-two week high of $91.85.

Sysco (NYSE:SYY - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. Sysco's revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Equities analysts forecast that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, April 2nd. Sysco's payout ratio is 58.06%.

Insider Buying and Selling at Sysco

In other Sysco news, Director Sheila Talton sold 2,801 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the sale, the director owned 12,868 shares of the company's stock, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ronald L. Phillips sold 5,601 shares of the company's stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total transaction of $453,681.00. Following the transaction, the executive vice president owned 35,965 shares in the company, valued at approximately $2,913,165. The trade was a 13.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is currently owned by company insiders.

Sysco Company Profile

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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