Sysco Corporation $SYY Shares Acquired by National Pension Service

National Pension Service lifted its holdings in Sysco Corporation (NYSE:SYYFree Report) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 911,016 shares of the company’s stock after buying an additional 50,845 shares during the quarter. National Pension Service’s holdings in Sysco were worth $76,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Lloyd Advisory Services LLC. purchased a new stake in shares of Sysco during the 4th quarter worth $25,000. Motiv8 Investments LLC acquired a new stake in shares of Sysco in the 4th quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in Sysco during the second quarter worth $29,000. Sunbelt Securities Inc. boosted its position in Sysco by 87.6% during the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Finally, Bard Associates Inc. acquired a new stake in Sysco in the fourth quarter valued at $27,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

SYY has been the subject of several research reports. Citigroup lifted their price target on Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Piper Sandler raised their target price on shares of Sysco from $77.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Melius Research downgraded shares of Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. UBS Group raised their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley lifted their price objective on Sysco from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.50.

Read Our Latest Research Report on Sysco

Sysco Trading Up 1.2%

Sysco stock opened at $83.28 on Friday. The stock has a 50-day moving average price of $82.87 and a 200 day moving average price of $80.04. Sysco Corporation has a 52 week low of $68.19 and a 52 week high of $91.85. The stock has a market cap of $39.90 billion, a PE ratio of 22.75, a P/E/G ratio of 2.83 and a beta of 0.63. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 4.62.

Sysco (NYSE:SYYGet Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.02. The company had revenue of $22.12 billion for the quarter, compared to analysts’ expectations of $21.95 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.48 EPS. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. Equities research analysts predict that Sysco Corporation will post 5.08 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 2nd will be given a dividend of $0.55 per share. The ex-dividend date is Friday, October 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.6%. Sysco’s dividend payout ratio (DPR) is 60.11%.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald Phillips sold 506 shares of Sysco stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $84.09, for a total value of $42,549.54. Following the completion of the sale, the executive vice president directly owned 36,313 shares of the company’s stock, valued at approximately $3,053,560.17. The trade was a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 14,508 shares of company stock worth $1,215,250 in the last quarter. 0.56% of the stock is currently owned by company insiders.

About Sysco

(Free Report)

Sysco Corporation (NYSE:SYY) is a global foodservice distributor that supplies restaurants, health care and educational institutions, hospitality businesses, government facilities, and other customers. Its product portfolio includes fresh and frozen foods, meat and seafood, dairy products, produce, pantry staples, beverages, and specialty items, along with nonfood products such as kitchen equipment, cleaning supplies, and disposable serving products.

In addition to distribution, Sysco provides services designed to support foodservice operators, including menu planning, culinary consulting, merchandising assistance, supply-chain solutions, and business-management resources.

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Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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