Sysco Corporation $SYY Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Sysco Corporation (NYSE:SYY) by 9.5% during the fourth quarter, Holdings Channel reports. The fund owned 412,423 shares of the company’s stock after acquiring an additional 35,647 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Sysco were worth $30,445,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in shares of Sysco by 3,977.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock valued at $387,935,000 after purchasing an additional 4,595,819 shares during the last quarter. Mondrian Investment Partners LTD purchased a new position in shares of Sysco in the 3rd quarter worth $142,237,000. Marshall Wace LLP raised its position in shares of Sysco by 102.6% in the 3rd quarter. Marshall Wace LLP now owns 2,359,471 shares of the company’s stock worth $194,279,000 after buying an additional 1,194,815 shares during the period. Scopus Asset Management L.P. purchased a new position in shares of Sysco in the 3rd quarter worth $87,075,000. Finally, Sunriver Management LLC purchased a new position in shares of Sysco in the 3rd quarter worth $45,809,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Activity

In other news, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the transaction, the director directly owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. The trade was a 17.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Ronald L. Phillips sold 5,601 shares of Sysco stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the transaction, the executive vice president directly owned 35,965 shares of the company’s stock, valued at $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.56% of the company’s stock.

Sysco Price Performance

SYY opened at $75.82 on Friday. The company has a 50-day moving average of $81.46 and a 200-day moving average of $78.57. The company has a market capitalization of $36.31 billion, a P/E ratio of 20.38, a PEG ratio of 2.73 and a beta of 0.69. Sysco Corporation has a 1-year low of $68.00 and a 1-year high of $91.85. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. The company had revenue of $20.76 billion during the quarter, compared to the consensus estimate of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Equities analysts expect that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 2nd. This is an increase from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is presently 58.06%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SYY shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco in a research report on Wednesday, January 28th. JPMorgan Chase & Co. increased their target price on Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Wells Fargo & Company increased their target price on Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. UBS Group cut their target price on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Finally, Argus raised shares of Sysco to a “hold” rating in a research note on Thursday, January 29th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.85.

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.