Sysco Corporation $SYY Shares Bought by Markel Group Inc.

Markel Group Inc. boosted its position in shares of Sysco Corporation (NYSE:SYY) by 166.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,000 shares of the company’s stock after buying an additional 15,000 shares during the period. Markel Group Inc.’s holdings in Sysco were worth $1,818,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Boyd Watterson Asset Management LLC OH increased its holdings in shares of Sysco by 106.4% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company’s stock valued at $236,000 after purchasing an additional 1,622 shares during the period. Gradient Investments LLC increased its holdings in shares of Sysco by 9.2% in the second quarter. Gradient Investments LLC now owns 189,169 shares of the company’s stock valued at $14,328,000 after purchasing an additional 15,906 shares during the period. Beacon Financial Group increased its holdings in shares of Sysco by 55.5% in the second quarter. Beacon Financial Group now owns 9,955 shares of the company’s stock valued at $754,000 after purchasing an additional 3,554 shares during the period. Shell Asset Management Co. increased its holdings in shares of Sysco by 31.6% in the second quarter. Shell Asset Management Co. now owns 19,218 shares of the company’s stock valued at $1,456,000 after purchasing an additional 4,620 shares during the period. Finally, KLP Kapitalforvaltning AS increased its holdings in shares of Sysco by 5.8% in the second quarter. KLP Kapitalforvaltning AS now owns 448,600 shares of the company’s stock valued at $33,977,000 after purchasing an additional 24,500 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Down 2.5%

SYY opened at $76.03 on Wednesday. The business’s fifty day moving average is $80.43 and its two-hundred day moving average is $76.97. 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 $36.38 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 2.30 and a beta of 0.82. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. The company had revenue of $21.15 billion for the quarter, compared to the consensus estimate of $21.03 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.Sysco’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 3rd were given 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 was Friday, October 3rd. Sysco’s payout ratio is presently 57.91%.

Analysts Set New Price Targets

SYY has been the topic of a number of recent research reports. Weiss Ratings raised Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Morgan Stanley set a $88.00 target price on Sysco in a report on Tuesday, October 21st. Citigroup boosted their target price on Sysco from $84.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Sanford C. Bernstein assumed coverage on Sysco in a research note on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price target on the stock. Ten 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, Sysco has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Insider Buying and Selling

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total transaction of $77,841.00. Following the sale, the executive vice president directly owned 41,501 shares in the company, valued at approximately $3,361,581. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 14,732 shares of company stock worth $1,193,245 in the last quarter. 0.56% of the stock is currently owned by insiders.

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.