Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Sysco Corporation (NYSE:SYY – Free Report) by 126.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121,714 shares of the company’s stock after buying an additional 67,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Sysco were worth $8,682,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake in Sysco by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 62,305,343 shares of the company’s stock worth $4,591,281,000 after purchasing an additional 814,270 shares in the last quarter. State Street Corp increased its holdings in shares of Sysco by 0.9% during the third quarter. State Street Corp now owns 26,669,576 shares of the company’s stock worth $2,195,973,000 after purchasing an additional 246,542 shares during the period. Capital Research Global Investors raised its position in shares of Sysco by 0.3% in the third quarter. Capital Research Global Investors now owns 18,360,707 shares of the company’s stock valued at $1,511,821,000 after buying an additional 46,040 shares in the last quarter. Geode Capital Management LLC grew its position in Sysco by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 12,728,692 shares of the company’s stock worth $934,391,000 after buying an additional 131,659 shares in the last quarter. Finally, Norges Bank bought a new position in Sysco during the 4th quarter worth $542,780,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director John M. Hinshaw bought 13,304 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the transaction, the director directly owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. This represents a 49.46% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.56% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on Sysco
Sysco Stock Performance
Sysco stock opened at $84.71 on Friday. Sysco Corporation has a 12-month low of $68.19 and a 12-month high of $91.85. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58. The business’s 50-day moving average price is $76.88 and its two-hundred day moving average price is $78.88. The stock has a market cap of $40.50 billion, a PE ratio of 23.46, a P/E/G ratio of 3.21 and a beta of 0.64.
Sysco (NYSE:SYY – Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.94 EPS 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 analyst estimates of $20.56 billion. During the same period in the previous year, the firm posted $0.96 EPS. The firm’s 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. As a group, analysts expect that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.
Sysco Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a positive change from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is currently 60.94%.
About Sysco
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.
Featured Articles
- Five stocks we like better than Sysco
- These Stocks Could Win as Wall Street Looks Beyond AI Software
- D.R. Horton Is Defying the Housing Gloom
- Why Flywire and Airbnb Could Be Quiet Winners of a Ceasefire
- Broadcom and OpenAI Unveil Jalapeño: An Early Step to Massive AI Growth Potential
Want to see what other hedge funds are holding SYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sysco Corporation (NYSE:SYY – Free Report).
Receive News & Ratings for Sysco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco and related companies with MarketBeat.com's FREE daily email newsletter.
