Auto Owners Insurance Co Buys 806,859 Shares of Sysco Corporation $SYY

Auto Owners Insurance Co increased its stake in Sysco Corporation (NYSE:SYY) by 7,269.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 817,959 shares of the company’s stock after purchasing an additional 806,859 shares during the quarter. Auto Owners Insurance Co’s holdings in Sysco were worth $60,275,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Teacher Retirement System of Texas lifted its position in Sysco by 8.0% during the fourth quarter. Teacher Retirement System of Texas now owns 370,571 shares of the company’s stock valued at $27,307,000 after purchasing an additional 27,510 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Sysco by 9.5% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 412,423 shares of the company’s stock valued at $30,445,000 after purchasing an additional 35,647 shares in the last quarter. Nicholas Company Inc. purchased a new position in Sysco during the fourth quarter valued at approximately $2,278,000. Nordea Investment Management AB lifted its stake in shares of Sysco by 38.8% during the 4th quarter. Nordea Investment Management AB now owns 1,952,615 shares of the company’s stock valued at $144,552,000 after buying an additional 545,688 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Sysco during the 4th quarter valued at $542,780,000. Institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling

In related news, Director John M. Hinshaw bought 13,304 shares of the stock in a transaction on Tuesday, May 26th. The stock was bought at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the acquisition, the director directly owned 40,200 shares in the company, valued at approximately $3,021,834. This represents a 49.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SYY has been the subject of a number of analyst reports. Weiss Ratings lowered Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th. Sanford C. Bernstein lowered their price objective on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. UBS Group dropped their price objective on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft cut shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research report on Tuesday, April 28th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Sysco has an average rating of “Moderate Buy” and a consensus target price of $88.15.

Sysco Trading Down 0.1%

Shares of NYSE SYY opened at $78.64 on Friday. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. The business’s 50 day moving average is $75.37 and its two-hundred day moving average is $78.30. The stock has a market capitalization of $37.60 billion, a P/E ratio of 21.78, a PEG ratio of 3.21 and a beta of 0.65.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The firm had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. During the same period in the previous year, the business earned $0.96 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, research analysts expect that Sysco Corporation will post 4.59 EPS for the current year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a boost from Sysco’s previous quarterly dividend of $0.54. Sysco’s dividend payout ratio is currently 59.83%.

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.