Andra AP fonden Takes Position in Sysco Corporation $SYY

Andra AP fonden bought a new position in Sysco Corporation (NYSE:SYY) in the 1st quarter, HoldingsChannel.com reports. The firm bought 69,433 shares of the company’s stock, valued at approximately $4,953,000.

Other institutional investors have also recently bought and sold shares of the company. Montag A & Associates Inc. increased its holdings in Sysco by 1.4% in the 4th quarter. Montag A & Associates Inc. now owns 8,743 shares of the company’s stock valued at $644,000 after buying an additional 123 shares during the period. United Community Bank boosted its position in shares of Sysco by 11.4% during the 4th quarter. United Community Bank now owns 1,224 shares of the company’s stock valued at $90,000 after acquiring an additional 125 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in Sysco by 1.2% in the fourth quarter. First Citizens Bank & Trust Co. now owns 11,224 shares of the company’s stock valued at $827,000 after acquiring an additional 138 shares during the period. Octavia Wealth Advisors LLC raised its position in Sysco by 4.6% in the fourth quarter. Octavia Wealth Advisors LLC now owns 3,231 shares of the company’s stock worth $237,000 after purchasing an additional 141 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its position in Sysco by 1.6% in the fourth quarter. Diversify Wealth Management LLC now owns 9,173 shares of the company’s stock worth $698,000 after purchasing an additional 143 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insiders Place Their Bets

In other Sysco news, Director John M. Hinshaw purchased 13,304 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the acquisition, the director directly owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. This trade represents a 49.46% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SYY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft downgraded Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a report on Tuesday, April 28th. Sanford C. Bernstein cut their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Wednesday, April 29th. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Morgan Stanley upped their price target on Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a research note on Friday, June 26th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Sysco has an average rating of “Hold” and an average price target of $88.00.

Sysco Price Performance

Shares of Sysco stock opened at $82.23 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. The stock has a market capitalization of $39.37 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 3.20 and a beta of 0.64. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The firm’s 50-day moving average price is $79.13 and its two-hundred day moving average price is $79.65.

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

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.