Factory Mutual Insurance Co. Acquires 66,250 Shares of Sysco Corporation $SYY

Factory Mutual Insurance Co. raised its holdings in shares of Sysco Corporation (NYSE:SYY) by 11.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 628,385 shares of the company’s stock after buying an additional 66,250 shares during the period. Factory Mutual Insurance Co.’s holdings in Sysco were worth $48,989,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Sysco during the 2nd quarter worth $3,596,356,000. Bank of America Corp DE bought a new stake in shares of Sysco during the 2nd quarter valued at $482,589,000. Primecap Management Co. CA bought a new stake in shares of Sysco during the 2nd quarter valued at $313,503,000. Bank of New York Mellon Corp purchased a new stake in shares of Sysco in the 2nd quarter worth $273,323,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Sysco in the 2nd quarter worth $203,861,000. 83.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SYY. Melius Research cut Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Morgan Stanley boosted their price target on Sysco from $88.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, October 15th. Citigroup restated a “neutral” rating on shares of Sysco in a research report on Monday, October 26th. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Finally, JPMorgan Chase & Co. decreased their price objective on Sysco from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Sysco currently has an average rating of “Moderate Buy” and an average price target of $90.42.

Sysco Stock Performance

SYY opened at $74.12 on Wednesday. The company has a 50 day simple moving average of $80.30 and a two-hundred day simple moving average of $80.52. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.28 and a quick ratio of 0.77. The firm has a market cap of $36.46 billion, a P/E ratio of 20.25, a PEG ratio of 2.30 and a beta of 0.66. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $1.19 EPS for the quarter, meeting the consensus estimate of $1.19. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $22.02 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.15 EPS. Equities analysts forecast that Sysco Corporation will post 5.09 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 2nd were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $2.20 annualized dividend and a yield of 3.0%. Sysco’s dividend payout ratio is currently 60.11%.

Sysco News Roundup

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Local case volume grew 2.7% in the first quarter, and Sysco reiterated its fiscal 2027 adjusted EPS growth outlook of 9%–11%. The company also expects its AI transformation efforts to generate $100 million in savings in fiscal 2027. Sysco: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Sysco reported adjusted first-quarter EPS of $1.19, in line with the company’s cited consensus estimate and ahead of the $1.17 estimate reported by Zacks. It also named interim CFO Brandon Sewell as permanent CFO, providing continuity in the finance leadership role. Sysco Q1 Earnings: Sales Miss Estimates, Full-Year EPS Outlook Unchanged
• Negative Sentiment: Revenue of $21.74 billion was below the $22.02 billion analyst estimate, despite increasing 2.8% year over year. The company said a cyclosporiasis outbreak affected first-quarter sales, while costs related to the Jetro acquisition and concerns around sales guidance added pressure. The revenue miss appears to have outweighed the EPS result and reaffirmed full-year earnings outlook. Food distributor Sysco says cyclosporiasis outbreak hit Q1 sales Sysco under pressure on Jetro acquisition costs, FY sales guidance

Insider Transactions at Sysco

In other Sysco news, EVP Ronald Phillips sold 960 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $83.00, for a total value of $79,680.00. Following the completion of the sale, the executive vice president owned 49,852 shares in the company, valued at approximately $4,137,716. This represents a 1.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 15,525 shares of company stock valued at $1,299,736. Corporate insiders own 0.55% of the company’s stock.

Sysco Company Profile

Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.

The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.

Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.