Swiss National Bank Grows Holdings in Sysco Corporation $SYY

Swiss National Bank raised its stake in shares of Sysco Corporation (NYSE:SYY) by 7.2% during the first quarter, HoldingsChannel reports. The fund owned 1,405,300 shares of the company’s stock after acquiring an additional 94,000 shares during the quarter. Swiss National Bank’s holdings in Sysco were worth $100,240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SYY. Norges Bank acquired a new position in Sysco in the fourth quarter worth about $542,780,000. Wellington Management Group LLP raised its stake in Sysco by 3,977.1% during the third quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock valued at $387,935,000 after buying an additional 4,595,819 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Sysco by 45.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,651,682 shares of the company’s stock valued at $416,472,000 after buying an additional 1,754,306 shares in the last quarter. Marshall Wace LLP lifted its holdings in Sysco by 102.6% during the 3rd quarter. Marshall Wace LLP now owns 2,359,471 shares of the company’s stock worth $194,279,000 after buying an additional 1,194,815 shares during the last quarter. Finally, Suvretta Capital Management LLC bought a new position in Sysco during the 4th quarter worth approximately $79,864,000. Institutional investors own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SYY shares. Citigroup lifted their price objective on shares of Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a report on Friday, June 26th. Melius Research downgraded shares of Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Guggenheim decreased their price target on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, Barclays lowered their price objective on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Sysco currently has an average rating of “Hold” and an average price target of $88.00.

Sysco Trading Down 1.1%

Shares of Sysco stock opened at $80.79 on Tuesday. The business has a fifty day simple moving average of $78.79 and a 200-day simple moving average of $79.53. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. The firm has a market cap of $38.63 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 3.12 and a beta of 0.64. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). The business had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, equities analysts forecast that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Insider Activity

In other news, Director John M. Hinshaw bought 13,304 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the purchase, the director directly owned 40,200 shares in the company, valued at $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.56% of the stock is owned by corporate insiders.

Sysco 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.