Sysco Corporation $SYY Shares Purchased by Sumitomo Life Insurance Co.

Posted by George Bondi on Jun 13th, 2026

Sumitomo Life Insurance Co. increased its holdings in shares of Sysco Corporation (NYSE:SYY – Free Report) by 13.2% during the fourth quarter, HoldingsChannel reports. The fund owned 95,418 shares of the company’s stock after buying an additional 11,094 shares during the period. Sumitomo Life Insurance Co.’s holdings in Sysco were worth $7,031,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Teacher Retirement System of Texas grew its holdings in Sysco by 8.0% during the fourth quarter. Teacher Retirement System of Texas now owns 370,571 shares of the company’s stock worth $27,307,000 after acquiring an additional 27,510 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Sysco by 9.5% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 412,423 shares of the company’s stock worth $30,445,000 after acquiring an additional 35,647 shares during the period. Nicholas Company Inc. acquired a new position in Sysco during the fourth quarter worth $2,278,000. Nordea Investment Management AB grew its holdings in Sysco by 38.8% during the fourth quarter. Nordea Investment Management AB now owns 1,952,615 shares of the company’s stock worth $144,552,000 after acquiring an additional 545,688 shares during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in Sysco during the fourth quarter worth $52,672,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insiders Place Their Bets

In other Sysco news, Director John M. Hinshaw bought 13,304 shares of Sysco stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the transaction, the director owned 40,200 shares of the company’s stock, valued at $3,021,834. This represents a 49.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Guggenheim dropped their price objective on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft downgraded Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a research report on Tuesday, April 28th. Sanford C. Bernstein decreased their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company boosted 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. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and an average target price of $88.15.

Check Out Our Latest Analysis on Sysco

Sysco Stock Performance

NYSE SYY opened at $79.14 on Friday. The business’s 50-day moving average price is $74.73 and its 200 day moving average price is $78.18. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85. The company has a market capitalization of $37.84 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 3.25 and a beta of 0.65. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58.

Sysco (NYSE:SYY – Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business had revenue of $20.52 billion for the quarter, compared to analysts’ expectations of $20.56 billion. During the same quarter last year, the company posted $0.96 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, research analysts predict that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.8%. This is a boost from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. Sysco’s dividend payout ratio (DPR) is currently 59.83%.

Sysco Company Profile

(Free Report)

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.