Sysco Corporation $SYY Shares Bought by Forsta AP Fonden

Forsta AP Fonden lifted its holdings in shares of Sysco Corporation (NYSE:SYY) by 5.3% during the 2nd quarter, Holdings Channel reports. The firm owned 203,300 shares of the company’s stock after buying an additional 10,200 shares during the period. Forsta AP Fonden’s holdings in Sysco were worth $15,398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SYY. Boston Partners increased its stake in Sysco by 24.8% during the 1st quarter. Boston Partners now owns 15,199,828 shares of the company’s stock worth $1,139,798,000 after buying an additional 3,015,714 shares during the period. Nuveen LLC purchased a new stake in shares of Sysco during the first quarter worth $85,341,000. Amundi raised its stake in shares of Sysco by 36.5% in the first quarter. Amundi now owns 3,725,508 shares of the company’s stock valued at $280,941,000 after acquiring an additional 995,498 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Sysco by 1,940.1% in the first quarter. Mackenzie Financial Corp now owns 1,016,660 shares of the company’s stock valued at $76,290,000 after purchasing an additional 966,826 shares during the period. Finally, Burgundy Asset Management Ltd. grew its stake in Sysco by 38.8% during the 1st quarter. Burgundy Asset Management Ltd. now owns 2,015,994 shares of the company’s stock worth $151,280,000 after purchasing an additional 563,921 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Down 0.1%

SYY stock opened at $75.39 on Thursday. The stock has a market cap of $36.10 billion, a P/E ratio of 20.21, a PEG ratio of 2.19 and a beta of 0.79. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 5.54. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47. The company’s 50 day moving average is $79.11 and its two-hundred day moving average is $77.16.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business had revenue of $21.15 billion during the quarter, compared to analysts’ expectations of $21.03 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be given a dividend of $0.54 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. Sysco’s payout ratio is 57.91%.

Insider Buying and Selling at Sysco

In related news, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the completion of the sale, the executive vice president directly owned 41,501 shares of the company’s stock, valued at $3,361,581. This represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SYY. Morgan Stanley set a $88.00 price target on Sysco in a research report on Tuesday, October 21st. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Guggenheim lifted their price target on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Citigroup dropped their price objective on shares of Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Finally, Wells Fargo & Company set a $88.00 price objective on shares of Sysco and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $87.00.

Sysco Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.