Sysco Corporation $SYY Shares Acquired by KBC Group NV

KBC Group NV boosted its position in Sysco Corporation (NYSE:SYY) by 8.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 91,618 shares of the company’s stock after purchasing an additional 7,190 shares during the quarter. KBC Group NV’s holdings in Sysco were worth $6,536,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lloyd Advisory Services LLC. bought a new stake in shares of Sysco during the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC bought a new position in Sysco in the 4th quarter worth approximately $25,000. Bard Associates Inc. bought a new position in Sysco in the 4th quarter worth approximately $27,000. Torren Management LLC acquired a new stake in Sysco in the 4th quarter valued at approximately $27,000. Finally, Elyxium Wealth LLC acquired a new stake in Sysco in the 4th quarter valued at approximately $28,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Performance

NYSE:SYY opened at $82.23 on Thursday. The company has a 50-day moving average of $79.13 and a 200-day moving average of $79.65. The firm has a market cap of $39.37 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 3.20 and a beta of 0.64. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85.

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 return on equity of 103.57% and a net margin of 2.08%.The business had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Analysts forecast that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SYY. Citigroup reiterated a “neutral” rating on shares of Sysco in a research report on Wednesday. Piper Sandler lowered their price target on Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Melius Research cut shares of Sysco from a “hold” rating to a “sell” rating in a research note on Tuesday, July 7th. Guggenheim reduced their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a research report on Friday, June 26th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $88.00.

Insider Transactions at Sysco

In related news, Director John M. Hinshaw purchased 13,304 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the acquisition, the director owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. This represents a 49.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.56% of the company’s stock.

Sysco 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.