Avanza Fonder AB Has $4.49 Million Stock Position in Sysco Corporation $SYY

Avanza Fonder AB increased its stake in shares of Sysco Corporation (NYSE:SYY) by 23.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,948 shares of the company’s stock after acquiring an additional 11,445 shares during the quarter. Avanza Fonder AB’s holdings in Sysco were worth $4,491,000 at the end of the most recent reporting period.

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

Insider Activity at Sysco

In related news, Director Sheila Talton sold 2,801 shares of the stock in a transaction that occurred 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 sale, the director directly owned 12,868 shares in the company, valued at $1,067,915.32. This represents a 17.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ronald L. Phillips sold 5,601 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 35,965 shares of the company’s stock, valued at $2,913,165. This represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

SYY has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings raised shares of Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 24th. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Barclays upped their target price on shares of Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Sysco in a research report on Wednesday, January 28th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Sysco Stock Up 0.8%

Shares of NYSE SYY opened at $82.23 on Wednesday. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $91.85. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30. The business has a fifty day moving average of $84.67 and a two-hundred day moving average of $79.59. The stock has a market cap of $39.38 billion, a PE ratio of 22.10, a PEG ratio of 2.54 and a beta of 0.58.

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

Sysco Announces Dividend

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

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.