Arbejdsmarkedets Tillaegspension Reduces Stake in Sysco Corporation $SYY

Arbejdsmarkedets Tillaegspension reduced its stake in shares of Sysco Corporation (NYSE:SYY) by 4.0% during the 1st quarter, HoldingsChannel reports. The fund owned 307,707 shares of the company’s stock after selling 12,708 shares during the period. Arbejdsmarkedets Tillaegspension’s holdings in Sysco were worth $21,949,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SYY. Teachers Retirement System of The State of Kentucky raised its position in Sysco by 923.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 393,663 shares of the company’s stock valued at $28,080,000 after purchasing an additional 355,200 shares during the period. Avion Wealth lifted its position in Sysco by 15.4% in the first quarter. Avion Wealth now owns 5,045 shares of the company’s stock worth $359,000 after buying an additional 674 shares during the last quarter. Persium Advisors LLC lifted its position in Sysco by 5.5% in the first quarter. Persium Advisors LLC now owns 9,143 shares of the company’s stock worth $652,000 after buying an additional 478 shares during the last quarter. Financial Advisory Partners LLC boosted its stake in Sysco by 0.6% during the first quarter. Financial Advisory Partners LLC now owns 42,281 shares of the company’s stock worth $3,016,000 after buying an additional 257 shares during the period. Finally, Anchor Investment Management LLC increased its position in Sysco by 43.3% during the first quarter. Anchor Investment Management LLC now owns 4,057 shares of the company’s stock valued at $289,000 after acquiring an additional 1,225 shares during the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Stock Down 0.4%

NYSE:SYY opened at $83.46 on Tuesday. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The company has a 50-day moving average of $77.91 and a 200 day moving average of $79.28. The firm has a market cap of $39.91 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 3.17 and a beta of 0.64. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80.

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

Sysco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. This is a boost from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, July 2nd. Sysco’s payout ratio is 60.94%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SYY shares. Citigroup increased their target price on shares of Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Piper Sandler dropped their price target on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. UBS Group reduced their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Barclays decreased their price objective on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft lowered Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a research report on Tuesday, April 28th. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $88.15.

Insider Transactions at Sysco

In other Sysco news, Director John M. Hinshaw acquired 13,304 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the acquisition, the director directly owned 40,200 shares in the company, valued at $3,021,834. This represents a 49.46% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is currently owned by insiders.

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.