481,009 Shares in Sysco Corporation $SYY Bought by Danske Bank A S

Danske Bank A S purchased a new stake in Sysco Corporation (NYSE:SYY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 481,009 shares of the company’s stock, valued at approximately $39,606,000. Danske Bank A S owned approximately 0.10% of Sysco at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Gateway Investment Advisers LLC raised its holdings in Sysco by 594.8% during the third quarter. Gateway Investment Advisers LLC now owns 85,622 shares of the company’s stock worth $7,050,000 after purchasing an additional 73,298 shares in the last quarter. Norges Bank acquired a new position in shares of Sysco in the 2nd quarter valued at $493,686,000. AE Wealth Management LLC grew its position in shares of Sysco by 320.9% in the 3rd quarter. AE Wealth Management LLC now owns 79,589 shares of the company’s stock valued at $6,553,000 after buying an additional 60,680 shares during the last quarter. Krilogy Financial LLC raised its stake in Sysco by 65.6% during the 3rd quarter. Krilogy Financial LLC now owns 42,435 shares of the company’s stock worth $3,494,000 after acquiring an additional 16,807 shares in the last quarter. Finally, Accurate Wealth Management LLC acquired a new stake in Sysco during the 3rd quarter worth $2,497,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sysco

In related news, Director Sheila Talton sold 2,801 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the sale, the director directly owned 12,868 shares of the company’s stock, valued at $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of Sysco stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the transaction, the executive vice president owned 35,965 shares in the company, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is owned by corporate insiders.

Sysco Price Performance

Shares of SYY opened at $82.54 on Thursday. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $91.85. The firm has a 50-day simple moving average of $84.11 and a 200-day simple moving average of $79.60. The company has a market capitalization of $39.53 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.62 and a beta of 0.58.

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

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, April 2nd. Sysco’s dividend payout ratio is 58.06%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SYY shares. Morgan Stanley decreased their price objective on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Argus raised Sysco to a “hold” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. upped their target price on Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Piper Sandler raised their price target on Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.31.

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.