Teacher Retirement System of Texas Buys 27,510 Shares of Sysco Corporation $SYY

Key Points

• Teacher Retirement System of Texas raised its Sysco stake by 8.0%, buying 27,510 shares to hold 370,571 shares worth about $27.3 million (≈0.08% of the company).
• Company insiders recently sold shares: EVP Ronald L. Phillips sold 5,601 shares at $81 and Director Sheila Talton sold 2,801 shares at $82.99, leaving insiders with 0.56% ownership.
• Sysco reported Q EPS of $0.99 (beat by $0.01) with $20.76B revenue and set FY2026 guidance of 4.60 EPS; it raised the quarterly dividend to $0.55 (2.9% yield) and holds a MarketBeat consensus rating of Moderate Buy with a $87.85 target.

Teacher Retirement System of Texas raised its holdings in Sysco Corporation (NYSE:SYY - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 370,571 shares of the company's stock after acquiring an additional 27,510 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of Sysco worth $27,307,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB increased its position in Sysco by 0.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 40,852 shares of the company's stock valued at $3,364,000 after acquiring an additional 130 shares during the period. Silver Oak Securities Incorporated boosted its stake in Sysco by 4.0% during the third quarter. Silver Oak Securities Incorporated now owns 3,493 shares of the company's stock worth $288,000 after acquiring an additional 134 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings 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 buying an additional 135 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Sysco by 4.6% during the third quarter. Global Retirement Partners LLC now owns 3,227 shares of the company's stock valued at $266,000 after buying an additional 141 shares during the last quarter. Finally, Octavia Wealth Advisors LLC lifted its position in shares of Sysco by 4.6% during the fourth quarter. Octavia Wealth Advisors LLC now owns 3,231 shares of the company's stock valued at $237,000 after purchasing an additional 141 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Ronald L. Phillips sold 5,601 shares of the firm's stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the transaction, the executive vice president directly owned 35,965 shares in the company, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The transaction 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 firm'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 of the company's stock, valued at $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SYY shares. Wells Fargo & Company raised their price target on shares of Sysco from $92.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, February 19th. UBS Group dropped their price target 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. Citigroup decreased their price objective on shares of Sysco from $88.00 to $72.00 and set a "neutral" rating for the company in a report on Tuesday, March 31st. Jefferies Financial Group raised their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Finally, Truist Financial raised their price objective on shares of Sysco from $90.00 to $94.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Sysco presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.85.

Sysco Price Performance

SYY opened at $75.82 on Friday. The company has a market capitalization of $36.31 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 2.73 and a beta of 0.69. 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 price of $81.46 and a 200-day moving average price of $78.57. Sysco Corporation has a twelve month low of $68.00 and a twelve month high of $91.85.

Sysco (NYSE:SYY - Get Free Report) last posted its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. The firm had revenue of $20.76 billion during 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%. The company's revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Equities analysts expect that Sysco Corporation will post 4.59 EPS for the current year.

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be paid a $0.55 dividend. The ex-dividend date is Thursday, July 2nd. This is a positive change from Sysco's previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. Sysco's dividend payout ratio is 58.06%.

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.

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.