Sysco Corporation $SYY Stock Position Raised by AMF Tjanstepension AB

AMF Tjanstepension AB lifted its position in Sysco Corporation (NYSE:SYY) by 66.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 264,581 shares of the company’s stock after buying an additional 105,991 shares during the quarter. AMF Tjanstepension AB’s holdings in Sysco were worth $20,039,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its stake in Sysco by 8.5% in the second quarter. QRG Capital Management Inc. now owns 19,714 shares of the company’s stock valued at $1,493,000 after acquiring an additional 1,552 shares during the last quarter. Ascent Group LLC bought a new position in shares of Sysco during the 2nd quarter valued at $273,000. Ameritas Advisory Services LLC acquired a new stake in shares of Sysco in the 2nd quarter valued at $118,000. Hilltop National Bank bought a new stake in Sysco in the second quarter worth $226,000. Finally, Red Mountain Financial LLC acquired a new position in Sysco during the second quarter worth $221,000. Institutional investors own 83.41% of the company’s stock.

Insiders Place Their Bets

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the sale, the executive vice president owned 56,304 shares of the company’s stock, valued at $4,504,320. The trade was a 41.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ronald L. Phillips sold 37,606 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the transaction, the executive vice president directly owned 30,235 shares of the company’s stock, valued at $2,449,035. The trade was a 55.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,338 shares of company stock valued at $7,439,331 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Sysco Stock Performance

NYSE:SYY opened at $82.21 on Friday. The firm’s 50-day moving average is $80.86 and its 200-day moving average is $76.09. The company has a market cap of $39.85 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 2.58 and a beta of 0.82. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.09. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The business had revenue of $21.14 billion during the quarter, compared to analysts’ expectations of $21.01 billion. During the same quarter last year, the company earned $1.39 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities research analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.54 per share. The ex-dividend date is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.6%. Sysco’s payout ratio is currently 57.91%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SYY. Weiss Ratings restated a “buy (b-)” rating on shares of Sysco in a report on Saturday, September 27th. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Bank of America upped their target price on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Truist Financial increased their price target on Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Barclays boosted their price objective on shares of Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.69.

Sysco Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.