Sumitomo Mitsui Trust Group Inc. Increases Stock Position in Sysco Corporation $SYY

Sumitomo Mitsui Trust Group Inc. grew its position in Sysco Corporation (NYSE:SYY) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,282,801 shares of the company’s stock after purchasing an additional 11,823 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.27% of Sysco worth $94,530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SYY. Intech Investment Management LLC raised its holdings in shares of Sysco by 53.1% in the first quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock valued at $1,674,000 after purchasing an additional 7,742 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in Sysco by 24.1% during the second quarter. Schnieders Capital Management LLC. now owns 10,310 shares of the company’s stock worth $781,000 after buying an additional 2,000 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Sysco by 62.4% during the second quarter. NewEdge Advisors LLC now owns 35,447 shares of the company’s stock worth $2,685,000 after buying an additional 13,616 shares during the last quarter. Sei Investments Co. increased its holdings in Sysco by 14.2% during the second quarter. Sei Investments Co. now owns 344,504 shares of the company’s stock worth $26,092,000 after buying an additional 42,903 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Sysco by 0.8% during the second quarter. Treasurer of the State of North Carolina now owns 226,648 shares of the company’s stock worth $17,166,000 after buying an additional 1,710 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

NYSE SYY opened at $73.50 on Tuesday. 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 current ratio of 1.30 and a quick ratio of 0.75. The stock has a market capitalization of $35.20 billion, a PE ratio of 19.76, a P/E/G ratio of 2.63 and a beta of 0.69. The company’s 50 day simple moving average is $83.29 and its two-hundred day simple moving average is $78.92.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The business had revenue of $20.76 billion for the quarter, compared to analysts’ expectations of $20.80 billion. During the same period in the prior year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Analysts predict that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 2nd. Sysco’s payout ratio is currently 58.06%.

Insider Buying and Selling

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the transaction, the executive vice president owned 35,965 shares of the company’s stock, valued at $2,913,165. The trade was a 13.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction 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. This represents a 17.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is owned by insiders.

Analyst Ratings Changes

SYY has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Morgan Stanley decreased their price objective on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Piper Sandler decreased their price objective on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Weiss Ratings downgraded shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 30th. Finally, Sanford C. Bernstein set a $90.00 price objective on shares of Sysco and gave the stock a “market perform” rating in a report on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.85.

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.