Nordea Investment Management AB Raises Position in Sysco Corporation $SYY

Nordea Investment Management AB grew its stake in Sysco Corporation (NYSE:SYY) by 38.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,952,615 shares of the company’s stock after purchasing an additional 545,688 shares during the period. Nordea Investment Management AB owned approximately 0.41% of Sysco worth $144,552,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank bought a new stake in Sysco in the second quarter worth $493,686,000. Wellington Management Group LLP increased its position in Sysco by 3,977.1% during the third quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock valued at $387,935,000 after acquiring an additional 4,595,819 shares during the last quarter. Mondrian Investment Partners LTD bought a new position in Sysco during the third quarter valued at $142,237,000. Marshall Wace LLP raised its stake in shares of Sysco by 102.6% in the third quarter. Marshall Wace LLP now owns 2,359,471 shares of the company’s stock valued at $194,279,000 after acquiring an additional 1,194,815 shares during the period. Finally, Scopus Asset Management L.P. bought a new stake in shares of Sysco in the 3rd quarter worth about $87,075,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insiders Place Their Bets

In other news, Director Sheila Talton sold 2,801 shares of the firm’s 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 transaction, the director owned 12,868 shares in the company, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of Sysco stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the sale, the executive vice president owned 35,965 shares of the company’s stock, valued at $2,913,165. The trade was a 13.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.56% of the company’s stock.

Sysco Price Performance

Sysco stock opened at $81.34 on Monday. The stock has a market cap of $38.95 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 2.53 and a beta of 0.58. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $91.85. The firm has a 50-day moving average of $84.40 and a two-hundred day moving average of $79.60.

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

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, April 2nd. Sysco’s dividend payout ratio (DPR) is presently 58.06%.

Analyst Ratings Changes

SYY has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on shares of Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. UBS Group upped their target price on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Truist Financial increased their price target on Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Morgan Stanley decreased their price target on Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Finally, Argus upgraded Sysco to a “hold” rating in a report on Thursday, January 29th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently 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.