Intech Investment Management LLC Has $3.86 Million Stake in Sysco Corporation $SYY

Intech Investment Management LLC raised its stake in Sysco Corporation (NYSE:SYY) by 128.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 51,012 shares of the company’s stock after buying an additional 28,702 shares during the quarter. Intech Investment Management LLC’s holdings in Sysco were worth $3,864,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Boston Partners raised its position in Sysco by 24.8% in the 1st quarter. Boston Partners now owns 15,199,828 shares of the company’s stock valued at $1,139,798,000 after buying an additional 3,015,714 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Sysco in the first quarter valued at about $85,341,000. Amundi lifted its position in shares of Sysco by 36.5% during the first quarter. Amundi now owns 3,725,508 shares of the company’s stock valued at $280,941,000 after purchasing an additional 995,498 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Sysco by 1,940.1% in the first quarter. Mackenzie Financial Corp now owns 1,016,660 shares of the company’s stock valued at $76,290,000 after acquiring an additional 966,826 shares during the last quarter. Finally, Burgundy Asset Management Ltd. increased its stake in shares of Sysco by 38.8% during the 1st quarter. Burgundy Asset Management Ltd. now owns 2,015,994 shares of the company’s stock worth $151,280,000 after purchasing an additional 563,921 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SYY shares. Weiss Ratings reissued a “hold (c)” rating on shares of Sysco in a report on Thursday, November 13th. UBS Group set a $90.00 price target on shares of Sysco in a report on Wednesday, July 30th. Guggenheim boosted their price objective on shares of Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Wells Fargo & Company set a $88.00 target price on shares of Sysco and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Sanford C. Bernstein began coverage on shares of Sysco in a report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price target for the company. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Insider Transactions at Sysco

In other news, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the completion of the transaction, the executive vice president directly owned 41,501 shares in the company, valued at approximately $3,361,581. This represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is currently owned by company insiders.

Sysco Trading Up 1.1%

Shares of SYY opened at $75.96 on Wednesday. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $83.47. The company has a market capitalization of $36.37 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.19 and a beta of 0.79. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.70. The firm’s 50 day simple moving average is $78.58 and its 200 day simple moving average is $77.34.

Sysco (NYSE:SYY) last issued its quarterly 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 firm had revenue of $21.15 billion for the quarter, compared to analyst estimates of $21.03 billion. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Sell-side analysts forecast 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, January 23rd. Shareholders of record on Friday, January 2nd will be given a dividend of $0.54 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.8%. Sysco’s dividend payout ratio (DPR) is presently 57.91%.

Sysco 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.