Varma Mutual Pension Insurance Co Purchases 11,500 Shares of Sysco Corporation $SYY

Varma Mutual Pension Insurance Co increased its position in Sysco Corporation (NYSE:SYY) by 8.8% during the third quarter, Holdings Channel reports. The firm owned 141,507 shares of the company’s stock after buying an additional 11,500 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Sysco were worth $11,652,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Sysco by 2.0% during the second quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after buying an additional 1,226,381 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Sysco by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 12,551,872 shares of the company’s stock worth $946,694,000 after acquiring an additional 183,179 shares during the period. Norges Bank acquired a new position in shares of Sysco during the 2nd quarter worth approximately $493,686,000. Charles Schwab Investment Management Inc. raised its stake in Sysco by 0.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,131,931 shares of the company’s stock valued at $237,212,000 after acquiring an additional 27,693 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Sysco by 12.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,639,931 shares of the company’s stock valued at $201,076,000 after purchasing an additional 283,706 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Performance

NYSE SYY opened at $90.49 on Friday. The firm has a 50-day moving average price of $77.94 and a two-hundred day moving average price of $78.43. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $91.40. The company has a market capitalization of $43.34 billion, a P/E ratio of 24.33, a P/E/G ratio of 2.79 and a beta of 0.61. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45.

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

Analysts Set New Price Targets

Several equities analysts have commented on SYY shares. Morgan Stanley decreased their price objective on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Argus upgraded shares of Sysco to a “hold” rating in a research note on Thursday, January 29th. BMO Capital Markets reissued an “outperform” rating on shares of Sysco in a report on Wednesday, January 28th. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Barclays upped their target price on Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.69.

Insider Buying and Selling at Sysco

In related news, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the sale, the director directly owned 12,868 shares of the company’s stock, valued at $1,067,915.32. This represents a 17.88% decrease in their position. The SEC filing for this sale provides additional information. 0.56% of the stock is owned by insiders.

Sysco Company Profile

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.