Sysco Corporation $SYY Shares Sold by Swedbank AB

Swedbank AB lessened its holdings in shares of Sysco Corporation (NYSE:SYY) by 5.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 539,062 shares of the company’s stock after selling 28,360 shares during the period. Swedbank AB’s holdings in Sysco were worth $39,723,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. acquired a new position in Sysco during the third quarter worth approximately $25,000. Lloyd Advisory Services LLC. acquired a new position in Sysco during the fourth quarter worth approximately $25,000. Torren Management LLC acquired a new position in Sysco during the fourth quarter worth approximately $27,000. Elyxium Wealth LLC acquired a new position in Sysco during the fourth quarter worth approximately $28,000. Finally, Navalign LLC acquired a new position in Sysco during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on SYY. Jefferies Financial Group lifted their price target on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Wells Fargo & Company lifted their price target on Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft lowered Sysco from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a research report on Tuesday, April 28th. Finally, Guggenheim cut their price target on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.15.

Sysco Trading Up 0.0%

Shares of SYY stock opened at $76.30 on Monday. The business’s 50 day moving average is $76.03 and its two-hundred day moving average is $78.06. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85. The company has a market capitalization of $36.49 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 3.12 and a beta of 0.66. 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 (NYSE:SYY) last announced its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The company had revenue of $20.52 billion during the quarter, compared to analysts’ expectations of $20.56 billion. During the same quarter last year, the business posted $0.96 earnings per share. The company’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. Equities analysts forecast that Sysco Corporation will post 4.59 EPS for the current year.

Sysco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be paid a $0.55 dividend. This is an increase from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. Sysco’s dividend payout ratio (DPR) is 59.83%.

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.