Andra AP fonden Has $2.36 Million Stock Holdings in Sysco Corporation $SYY

Andra AP fonden decreased its stake in Sysco Corporation (NYSE:SYY) by 55.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,100 shares of the company’s stock after selling 38,800 shares during the quarter. Andra AP fonden’s holdings in Sysco were worth $2,356,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of SYY. Chung Wu Investment Group LLC bought a new position in Sysco during the second quarter worth about $30,000. N.E.W. Advisory Services LLC bought a new position in shares of Sysco during the 1st quarter valued at about $33,000. Cheviot Value Management LLC acquired a new position in shares of Sysco in the 1st quarter valued at approximately $34,000. 1248 Management LLC bought a new stake in Sysco during the 1st quarter worth approximately $35,000. Finally, Banque Transatlantique SA acquired a new stake in Sysco during the 1st quarter worth approximately $35,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Ronald L. Phillips sold 7,351 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $81.00, for a total value of $595,431.00. Following the completion of the sale, the executive vice president directly owned 41,837 shares of the company’s stock, valued at approximately $3,388,797. This trade represents a 14.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 14,732 shares of company stock valued at $1,193,245. 0.56% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SYY shares. Barclays upped their target price on shares of Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Weiss Ratings upgraded Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Bank of America increased their price objective on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 18th. UBS Group set a $90.00 target price on Sysco in a research report on Wednesday, July 30th. Finally, Sanford C. Bernstein assumed coverage on Sysco in a research report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price target for the company. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Sysco has an average rating of “Moderate Buy” and an average target price of $87.00.

Sysco Stock Up 3.2%

Shares of NYSE:SYY opened at $75.22 on Friday. The stock’s 50-day moving average is $79.44 and its 200 day moving average is $77.10. The company has a market cap of $36.02 billion, a PE ratio of 20.17, a P/E/G ratio of 2.19 and a beta of 0.79. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.70. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The firm had revenue of $21.15 billion for the quarter, compared to analyst estimates of $21.03 billion. During the same period last year, the company earned $1.09 EPS. 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. Sell-side analysts anticipate that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 3rd were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, October 3rd. Sysco’s payout ratio is presently 57.91%.

About Sysco

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.