Sysco Corporation $SYY Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lifted its stake in Sysco Corporation (NYSE:SYY) by 129.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,312 shares of the company’s stock after buying an additional 10,337 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Sysco were worth $1,508,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Sysco in the 2nd quarter valued at about $493,686,000. Vanguard Group Inc. increased its position in Sysco by 2.0% during the second quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after buying an additional 1,226,381 shares during the period. Marshall Wace LLP lifted its stake in Sysco by 207.6% in the second quarter. Marshall Wace LLP now owns 1,164,656 shares of the company’s stock valued at $88,211,000 after buying an additional 785,995 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Sysco by 143.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,215,260 shares of the company’s stock valued at $92,044,000 after acquiring an additional 715,663 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of Sysco by 163.1% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 710,900 shares of the company’s stock worth $58,536,000 after acquiring an additional 440,700 shares during the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SYY has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Guggenheim increased their target price on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Citigroup decreased their price objective on Sysco from $82.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, January 7th. Finally, Barclays boosted their target price on Sysco from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.75.

Sysco Stock Performance

Shares of SYY stock opened at $76.18 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.65 and a debt-to-equity ratio of 5.54. The stock has a 50 day simple moving average of $74.97 and a 200-day simple moving average of $77.74. The company has a market cap of $36.48 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 2.51 and a beta of 0.61. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47.

Sysco (NYSE:SYY) last released its quarterly earnings data 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. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The firm had revenue of $21.15 billion during the quarter, compared to analysts’ expectations of $21.03 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. Sysco’s 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. On average, equities analysts forecast that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 2nd were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.8%. Sysco’s payout ratio is currently 57.91%.

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.