Nordea Investment Management AB Acquires 545,688 Shares of Sysco Corporation $SYY

Nordea Investment Management AB boosted its holdings in shares of Sysco Corporation (NYSE:SYY) by 38.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,952,615 shares of the company’s stock after acquiring an additional 545,688 shares during the quarter. Nordea Investment Management AB’s holdings in Sysco were worth $144,552,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SYY. 1620 Investment Advisors Inc. boosted its position in Sysco by 2.6% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 4,904 shares of the company’s stock valued at $404,000 after acquiring an additional 126 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Sysco by 0.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 40,852 shares of the company’s stock valued at $3,364,000 after acquiring an additional 130 shares during the period. Silver Oak Securities Incorporated raised its position in shares of Sysco by 4.0% in the 3rd quarter. Silver Oak Securities Incorporated now owns 3,493 shares of the company’s stock worth $288,000 after acquiring an additional 134 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of Sysco by 4.6% during the 3rd quarter. Global Retirement Partners LLC now owns 3,227 shares of the company’s stock worth $266,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Ronald L. Phillips sold 5,601 shares of Sysco stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the sale, the executive vice president directly owned 35,965 shares in the company, valued at approximately $2,913,165. The trade was a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the sale, the director directly owned 12,868 shares in the company, valued at $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

SYY has been the topic of several analyst reports. Argus upgraded Sysco to a “hold” rating in a research note on Thursday, January 29th. Citigroup increased their price target on shares of Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Guggenheim reaffirmed a “buy” rating on shares of Sysco in a research report on Thursday, March 5th. Barclays boosted their price objective on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings raised shares of Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 24th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Sysco Price Performance

Shares of NYSE SYY opened at $81.34 on Monday. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $91.85. The company has a market cap of $38.95 billion, a PE ratio of 21.86, a P/E/G ratio of 2.53 and a beta of 0.58. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30. The business has a 50-day simple moving average of $84.40 and a two-hundred day simple moving average of $79.60.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. The firm had revenue of $20.76 billion for the quarter, compared to the consensus estimate of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, equities analysts expect that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be issued a $0.54 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. Sysco’s dividend payout ratio (DPR) is currently 58.06%.

Sysco Company 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.