Sysco Corporation $SYY Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI boosted its position in shares of Sysco Corporation (NYSE:SYY) by 129.6% during the third quarter, Holdings Channel reports. The firm owned 18,312 shares of the company’s stock after buying an additional 10,337 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Sysco were worth $1,508,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its position in shares of Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after buying an additional 135 shares in the last quarter. Chung Wu Investment Group LLC acquired a new position in Sysco during the second quarter worth about $30,000. Darwin Wealth Management LLC purchased a new stake in shares of Sysco in the second quarter valued at about $31,000. Vermillion & White Wealth Management Group LLC grew its position in shares of Sysco by 94.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after purchasing an additional 204 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of Sysco by 234.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $35,000 after purchasing an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SYY. Piper Sandler reduced their target price on Sysco from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Guggenheim increased their price objective on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a research report on Monday, December 29th. Sanford C. Bernstein assumed coverage on shares of Sysco in a report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 target price on the stock. Finally, Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.75.

Sysco Trading Down 0.9%

SYY stock opened at $76.18 on Monday. The company has a quick ratio of 0.65, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. The company has a market cap of $36.48 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 2.51 and a beta of 0.61. The business has a fifty day simple moving average of $74.97 and a 200-day simple moving average of $77.74. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.47.

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

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 2nd were issued a $0.54 dividend. The ex-dividend date was Friday, January 2nd. This represents a $2.16 annualized dividend and a yield of 2.8%. Sysco’s dividend payout ratio (DPR) is presently 57.91%.

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.