Sysco Corporation $SYY Shares Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG raised its holdings in Sysco Corporation (NYSE:SYY) by 16.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,293 shares of the company’s stock after purchasing an additional 7,543 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Sysco were worth $3,936,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Jackson Grant Investment Advisers Inc. acquired a new position in Sysco during the third quarter worth approximately $25,000. Harbor Capital Advisors Inc. grew its holdings in Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Peterson Wealth Services grew its holdings in Sysco by 875.7% during the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after purchasing an additional 324 shares in the last quarter. Marquette Asset Management LLC grew its holdings in Sysco by 367.4% during the 4th quarter. Marquette Asset Management LLC now owns 402 shares of the company’s stock valued at $30,000 after purchasing an additional 316 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Sysco during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Price Performance

NYSE:SYY opened at $76.59 on Friday. The stock has a market cap of $36.68 billion, a P/E ratio of 20.59, a PEG ratio of 2.74 and a beta of 0.69. Sysco Corporation has a one year low of $68.00 and a one year high of $91.85. The company has a fifty day moving average price of $81.19 and a 200 day moving average price of $78.54. 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 (NYSE:SYY) last released its earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. The firm had revenue of $20.76 billion during the quarter, compared to analysts’ expectations of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Analysts anticipate that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be paid a $0.55 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change from Sysco’s previous quarterly dividend of $0.54. Sysco’s dividend payout ratio is currently 59.14%.

Analysts Set New Price Targets

A number of research firms have commented on SYY. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a research note on Wednesday, January 28th. Wells Fargo & Company raised their price target on shares of Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Guggenheim cut their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Truist Financial lifted their price objective on shares of Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Argus upgraded shares of Sysco to a “hold” rating in a research report on Thursday, January 29th. Nine 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.85.

Insiders Place Their Bets

In other news, EVP Ronald L. Phillips sold 5,601 shares of the 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 completion of 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 SEC, which can be accessed through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,067,915.32. The trade was a 17.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.56% of the company’s stock.

Sysco Company 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.