Commerzbank Aktiengesellschaft FI Acquires 2,643 Shares of Sysco Corporation $SYY

Commerzbank Aktiengesellschaft FI grew its holdings in Sysco Corporation (NYSE:SYY) by 49.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,975 shares of the company’s stock after purchasing an additional 2,643 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Sysco were worth $605,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Golden State Wealth Management LLC increased its stake in shares of Sysco by 48.4% in the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the last quarter. Trust Co of the South grew its position in Sysco by 3.0% during the 2nd quarter. Trust Co of the South now owns 4,849 shares of the company’s stock worth $367,000 after acquiring an additional 142 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in Sysco by 1.6% during the 1st quarter. Chicago Partners Investment Group LLC now owns 8,898 shares of the company’s stock worth $627,000 after acquiring an additional 143 shares during the last quarter. BSW Wealth Partners grew its position in Sysco by 2.3% during the 2nd quarter. BSW Wealth Partners now owns 6,449 shares of the company’s stock worth $488,000 after acquiring an additional 146 shares during the last quarter. Finally, One Wealth Advisors LLC grew its position in Sysco by 3.3% during the 1st quarter. One Wealth Advisors LLC now owns 4,698 shares of the company’s stock worth $353,000 after acquiring an additional 151 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Up 0.5%

SYY stock opened at $78.44 on Friday. The stock’s 50 day simple moving average is $80.81 and its 200 day simple moving average is $76.37. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. The company has a market cap of $37.53 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 2.42 and a beta of 0.82.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The business had revenue of $21.14 billion for the quarter, compared to the consensus estimate of $21.01 billion. During the same period in the prior year, the business earned $1.39 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 3rd. Sysco’s dividend payout ratio is 57.91%.

Insider Buying and Selling

In related news, EVP Greg D. Bertrand sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the transaction, the executive vice president directly owned 56,304 shares of the company’s stock, valued at approximately $4,504,320. This represents a 41.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ronald L. Phillips sold 37,606 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total value of $3,046,086.00. Following the transaction, the executive vice president directly owned 30,235 shares in the company, valued at approximately $2,449,035. This trade represents a 55.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,338 shares of company stock worth $7,439,331. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SYY shares. Bank of America boosted their price objective on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. UBS Group set a $90.00 price target on Sysco in a research report on Wednesday, July 30th. Wall Street Zen upgraded Sysco from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley upped their target price on Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Finally, Barclays upped their target price on Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.85.

Sysco Company Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.