SEB Asset Management AB Buys New Stake in Sysco Corporation $SYY

SEB Asset Management AB bought a new stake in shares of Sysco Corporation (NYSE:SYY) during the first quarter, HoldingsChannel reports. The fund bought 93,395 shares of the company’s stock, valued at approximately $6,662,000.

Several other hedge funds also recently bought and sold shares of the stock. Lloyd Advisory Services LLC. purchased a new stake in shares of Sysco in the fourth quarter valued at $25,000. Motiv8 Investments LLC acquired a new position in Sysco in the 4th quarter valued at about $25,000. Torren Management LLC acquired a new position in Sysco in the 4th quarter valued at about $27,000. Bard Associates Inc. purchased a new position in Sysco in the 4th quarter valued at about $27,000. Finally, Elyxium Wealth LLC purchased a new position in Sysco in the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a report on Friday, June 26th. Barclays reduced their price objective on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Sanford C. Bernstein decreased their target price on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. Guggenheim lowered their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. 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 stock. Based on data from MarketBeat, Sysco currently has a consensus rating of “Hold” and an average price target of $88.00.

Sysco Trading Up 0.5%

Shares of SYY opened at $81.21 on Wednesday. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85. The stock’s 50-day moving average is $78.95 and its two-hundred day moving average is $79.59. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. The stock has a market cap of $38.83 billion, a PE ratio of 22.50, a P/E/G ratio of 3.18 and a beta of 0.64.

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

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.