UniSuper Management Pty Ltd Raises Position in Sysco Corporation $SYY

UniSuper Management Pty Ltd lifted its position in shares of Sysco Corporation (NYSE:SYY) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,104 shares of the company’s stock after purchasing an additional 1,200 shares during the period. UniSuper Management Pty Ltd’s holdings in Sysco were worth $3,310,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Rialto Wealth Management LLC lifted its position in shares of Sysco by 188.7% during the 1st quarter. Rialto Wealth Management LLC now owns 332 shares of the company’s stock worth $25,000 after purchasing an additional 217 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of Sysco by 48.4% during the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Sysco during the 1st quarter worth $33,000. Capital A Wealth Management LLC purchased a new stake in shares of Sysco during the 4th quarter worth $34,000. Finally, 1248 Management LLC purchased a new stake in shares of Sysco during the 1st quarter worth $35,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SYY. Guggenheim lifted their price objective on shares of Sysco from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Truist Financial lifted their price target on shares of Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Bank of America lifted their price target on shares of Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Wall Street Zen upgraded shares of Sysco from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Finally, UBS Group set a $90.00 price target on shares of Sysco in a research note on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sysco has an average rating of “Moderate Buy” and an average price target of $85.69.

Insider Transactions at Sysco

In related news, EVP Ronald L. Phillips sold 7,351 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $81.00, for a total transaction of $595,431.00. Following the sale, the executive vice president owned 41,837 shares of the company’s stock, valued at approximately $3,388,797. The trade was a 14.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Greg D. Bertrand sold 40,000 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the sale, the executive vice president directly owned 56,304 shares in the company, valued at approximately $4,504,320. This represents a 41.54% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,377 shares of company stock worth $7,361,490. 0.54% of the stock is owned by insiders.

Sysco Trading Down 0.8%

Shares of Sysco stock opened at $80.86 on Wednesday. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.17. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75. The company’s 50-day simple moving average is $79.48 and its 200-day simple moving average is $75.21. The firm has a market cap of $39.20 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 2.53 and a beta of 0.80.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The business had revenue of $21.14 billion for the quarter, compared to analyst estimates of $21.01 billion. During the same period in the previous year, the business posted $1.39 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities research analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 2.7%. Sysco’s payout ratio is currently 57.91%.

Sysco Company Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.