Raiffeisen Bank International AG Acquires 141,297 Shares of Sysco Corporation $SYY

Raiffeisen Bank International AG raised its holdings in shares of Sysco Corporation (NYSE:SYY) by 74.4% during the fourth quarter, HoldingsChannel reports. The fund owned 331,202 shares of the company’s stock after purchasing an additional 141,297 shares during the quarter. Raiffeisen Bank International AG’s holdings in Sysco were worth $24,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of SYY. Jackson Grant Investment Advisers Inc. bought a new stake in Sysco during the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. bought a new position in shares of Sysco in the fourth quarter worth $25,000. Torren Management LLC bought a new position in shares of Sysco in the fourth quarter worth $27,000. Elyxium Wealth LLC bought a new position in shares of Sysco in the fourth quarter worth $28,000. Finally, Navalign LLC bought a new position in shares of Sysco in the fourth quarter worth $29,000. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Up 1.4%

SYY opened at $79.67 on Friday. The stock has a market cap of $38.10 billion, a PE ratio of 22.07, a P/E/G ratio of 3.21 and a beta of 0.65. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58. Sysco Corporation has a 52 week low of $68.19 and a 52 week high of $91.85. The business’s fifty day simple moving average is $74.59 and its 200 day simple moving average is $78.17.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The firm had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. During the same period in the prior year, the company earned $0.96 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, research analysts expect that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.55 per share. 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 yield of 2.8%. Sysco’s dividend payout ratio (DPR) is currently 59.83%.

Insider Transactions at Sysco

In other Sysco news, Director John M. Hinshaw purchased 13,304 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the transaction, the director directly owned 40,200 shares in the company, valued at approximately $3,021,834. This represents a 49.46% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group decreased their price target 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. Deutsche Bank Aktiengesellschaft cut shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a report on Tuesday, April 28th. Wells Fargo & Company upped their price target on shares of Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Piper Sandler reduced their target price on Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Finally, Barclays reduced their target price on Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and a consensus price target of $88.15.

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.