Nordea Investment Management AB Has $115.20 Million Stake in Sysco Corporation $SYY

Nordea Investment Management AB lowered its position in Sysco Corporation (NYSE:SYY) by 54.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,406,927 shares of the company’s stock after selling 1,686,558 shares during the quarter. Nordea Investment Management AB owned approximately 0.29% of Sysco worth $115,199,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Salvus Wealth Management LLC bought a new stake in Sysco in the second quarter valued at approximately $329,000. Gateway Investment Advisers LLC increased its holdings in shares of Sysco by 594.8% during the 3rd quarter. Gateway Investment Advisers LLC now owns 85,622 shares of the company’s stock worth $7,050,000 after acquiring an additional 73,298 shares during the last quarter. Norges Bank bought a new stake in Sysco in the 2nd quarter valued at $493,686,000. Accurate Wealth Management LLC bought a new stake in Sysco in the 3rd quarter valued at $2,497,000. Finally, Brighton Jones LLC lifted its holdings in Sysco by 4.3% during the 2nd quarter. Brighton Jones LLC now owns 90,338 shares of the company’s stock valued at $6,842,000 after purchasing an additional 3,760 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

SYY has been the topic of several research reports. 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 objective on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a report on Monday, December 29th. Morgan Stanley set a $88.00 price target on shares of Sysco in a report on Tuesday, October 21st. Barclays raised their price objective on shares of Sysco from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Finally, Citigroup decreased their target price on Sysco from $82.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 7th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Sysco Price Performance

NYSE:SYY opened at $76.06 on Wednesday. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.47. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.65 and a current ratio of 1.15. The firm’s 50-day simple moving average is $74.50 and its 200 day simple moving average is $77.70. The firm has a market cap of $36.42 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 2.45 and a beta of 0.61.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The firm had revenue of $21.15 billion for the quarter, compared to analyst estimates of $21.03 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, sell-side analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd 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 is Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is 57.91%.

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.