ABN Amro Investment Solutions Takes Position in Sysco Corporation $SYY

ABN Amro Investment Solutions purchased a new position in Sysco Corporation (NYSE:SYY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 108,781 shares of the company’s stock, valued at approximately $8,239,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. New York State Common Retirement Fund lifted its position in Sysco by 7.1% during the first quarter. New York State Common Retirement Fund now owns 323,691 shares of the company’s stock valued at $24,290,000 after buying an additional 21,500 shares during the period. CWM LLC lifted its position in Sysco by 5.5% during the 1st quarter. CWM LLC now owns 48,588 shares of the company’s stock valued at $3,646,000 after acquiring an additional 2,540 shares during the period. Edgestream Partners L.P. bought a new stake in Sysco during the first quarter worth about $1,644,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Sysco by 48.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 5,902 shares of the company’s stock worth $443,000 after purchasing an additional 1,921 shares during the period. Finally, Wealthfront Advisers LLC increased its stake in shares of Sysco by 6.0% during the first quarter. Wealthfront Advisers LLC now owns 66,913 shares of the company’s stock valued at $5,021,000 after purchasing an additional 3,780 shares in the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Trading Down 0.1%

Shares of SYY stock opened at $75.39 on Thursday. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47. The firm’s 50 day moving average is $79.11 and its 200 day moving average is $77.16. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 5.54. The stock has a market capitalization of $36.10 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.19 and a beta of 0.79.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.03. The business had revenue of $21.15 billion for the quarter, compared to analysts’ expectations of $21.03 billion. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $1.09 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, January 2nd. Sysco’s payout ratio is presently 57.91%.

Insider Activity

In related news, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total transaction of $77,841.00. Following the transaction, the executive vice president owned 41,501 shares in the company, valued at approximately $3,361,581. The trade was a 2.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on SYY. Truist Financial raised their price objective on Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Guggenheim increased their target price on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Citigroup lowered their price target on Sysco from $86.00 to $82.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Morgan Stanley set a $88.00 price target on shares of Sysco in a research note on Tuesday, October 21st. Finally, Wells Fargo & Company set a $88.00 price objective on shares of Sysco and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Sysco Company Profile

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.