Commerzbank Aktiengesellschaft FI Has $236,000 Holdings in Sysco Corporation $SYY

Commerzbank Aktiengesellschaft FI lessened its holdings in Sysco Corporation (NYSE:SYY) by 82.0% during the first quarter, HoldingsChannel.com reports. The firm owned 3,305 shares of the company’s stock after selling 15,007 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Sysco were worth $236,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its position in shares of Sysco by 8.0% during the 4th quarter. Teacher Retirement System of Texas now owns 370,571 shares of the company’s stock worth $27,307,000 after purchasing an additional 27,510 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Sysco by 9.5% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 412,423 shares of the company’s stock valued at $30,445,000 after buying an additional 35,647 shares during the last quarter. Nicholas Company Inc. bought a new position in shares of Sysco in the fourth quarter valued at $2,278,000. Norges Bank bought a new position in shares of Sysco in the fourth quarter valued at $542,780,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in Sysco during the fourth quarter worth $52,672,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SYY. Melius Research lowered shares of Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. UBS Group decreased their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Morgan Stanley boosted their price objective on shares of Sysco from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Barclays dropped their target price on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Piper Sandler cut their target price on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $88.00.

Sysco Stock Up 1.2%

SYY stock opened at $82.23 on Thursday. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The business’s 50 day simple moving average is $79.13 and its 200 day simple moving average is $79.65. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. The firm has a market capitalization of $39.37 billion, a PE ratio of 22.78, a PEG ratio of 3.20 and a beta of 0.64.

Sysco (NYSE:SYY) last announced its quarterly earnings results 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). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The business had revenue of $20.52 billion for the quarter, compared to analyst estimates of $20.56 billion. During the same period in the prior year, the business earned $0.96 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, research analysts anticipate that Sysco Corporation will post 4.59 EPS for the current year.

Insider Buying and Selling at Sysco

In related news, Director John M. Hinshaw bought 13,304 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the purchase, the director owned 40,200 shares in the company, valued at $3,021,834. This represents a 49.46% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.