Russell Investments Group Ltd. Boosts Stake in Sysco Corporation $SYY

Russell Investments Group Ltd. grew its position in shares of Sysco Corporation (NYSE:SYY) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 239,238 shares of the company’s stock after purchasing an additional 6,012 shares during the period. Russell Investments Group Ltd.’s holdings in Sysco were worth $18,098,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Boston Partners boosted its position in Sysco by 24.8% during the first quarter. Boston Partners now owns 15,199,828 shares of the company’s stock worth $1,139,798,000 after acquiring an additional 3,015,714 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Sysco by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after purchasing an additional 1,226,381 shares during the period. Nuveen LLC acquired a new stake in Sysco in the 1st quarter worth about $85,341,000. Amundi grew its holdings in Sysco by 36.5% in the 1st quarter. Amundi now owns 3,725,508 shares of the company’s stock valued at $280,941,000 after buying an additional 995,498 shares during the period. Finally, Burgundy Asset Management Ltd. increased its stake in shares of Sysco by 38.8% during the 1st quarter. Burgundy Asset Management Ltd. now owns 2,015,994 shares of the company’s stock valued at $151,280,000 after acquiring an additional 563,921 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on SYY. Sanford C. Bernstein initiated coverage on shares of Sysco in a research report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 target price on the stock. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Barclays lifted their price target on shares of Sysco from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Citigroup dropped their price objective on shares of Sysco from $86.00 to $82.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Sysco in a report on Tuesday, November 25th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.00.

Sysco Stock Up 0.4%

Shares of NYSE:SYY opened at $76.20 on Monday. The company has a market capitalization of $36.49 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. The company has a 50 day moving average of $77.69 and a two-hundred day moving average of $77.61. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 5.54.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, analysts forecast that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.16 annualized dividend and a yield of 2.8%. Sysco’s payout ratio is currently 57.91%.

Insider Activity

In other news, EVP Ronald L. Phillips sold 7,351 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $81.00, for a total transaction of $595,431.00. Following the completion of the transaction, the executive vice president directly owned 41,837 shares in the company, valued at approximately $3,388,797. This represents a 14.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by insiders.

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.