Mediolanum International Funds Ltd Buys 34,028 Shares of Sysco Corporation $SYY

Mediolanum International Funds Ltd lifted its position in Sysco Corporation (NYSE:SYY) by 13.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 288,643 shares of the company’s stock after purchasing an additional 34,028 shares during the period. Mediolanum International Funds Ltd owned 0.06% of Sysco worth $23,623,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SYY. Harbor Capital Advisors Inc. raised its holdings in shares of Sysco by 75.0% in the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after acquiring an additional 135 shares in the last quarter. Chung Wu Investment Group LLC purchased a new position in Sysco during the 2nd quarter valued at about $30,000. Darwin Wealth Management LLC bought a new stake in shares of Sysco in the 2nd quarter valued at about $31,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of Sysco by 94.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after purchasing an additional 204 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in shares of Sysco by 234.3% during the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $35,000 after purchasing an additional 321 shares in the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Stock Down 0.3%

NYSE:SYY opened at $83.85 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 5.45. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $85.33. The company has a market cap of $40.16 billion, a PE ratio of 22.54, a P/E/G ratio of 2.67 and a beta of 0.61. The company’s 50 day moving average is $75.61 and its two-hundred day moving average is $77.91.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. The business had revenue of $20.76 billion during the quarter, compared to the consensus estimate of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Analysts anticipate that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is presently 58.06%.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the transaction, the executive vice president owned 35,965 shares in the company, valued at approximately $2,913,165. This represents a 13.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group upped their target price on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company upped their price objective on Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup lifted their target price on Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a research note on Wednesday. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a report on Wednesday. Finally, Morgan Stanley lowered their price target on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $89.38.

About Sysco

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.