Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Decreases Holdings in Sysco Corporation $SYY

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group trimmed its position in shares of Sysco Corporation (NYSE:SYY) by 23.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,346 shares of the company’s stock after selling 3,385 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Sysco were worth $859,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SYY. Boston Partners raised its holdings in shares of Sysco by 24.8% during the 1st quarter. Boston Partners now owns 15,199,828 shares of the company’s stock valued at $1,139,798,000 after buying an additional 3,015,714 shares in the last quarter. Nuveen LLC purchased a new position in shares of Sysco during the 1st quarter valued at about $85,341,000. Amundi increased its stake in Sysco by 36.5% in the 1st quarter. Amundi now owns 3,725,508 shares of the company’s stock worth $280,941,000 after purchasing an additional 995,498 shares during the period. Mackenzie Financial Corp increased its stake in Sysco by 1,940.1% in the 1st quarter. Mackenzie Financial Corp now owns 1,016,660 shares of the company’s stock worth $76,290,000 after purchasing an additional 966,826 shares during the period. Finally, Burgundy Asset Management Ltd. increased its stake in Sysco by 38.8% in the 1st quarter. Burgundy Asset Management Ltd. now owns 2,015,994 shares of the company’s stock worth $151,280,000 after purchasing an additional 563,921 shares during the period. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Price Performance

SYY opened at $77.30 on Monday. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47. The stock has a market capitalization of $36.99 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 2.39 and a beta of 0.82. The stock’s 50 day moving average price is $80.53 and its 200-day moving average price is $76.88.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.09. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The firm had revenue of $21.14 billion for the quarter, compared to analysts’ expectations of $21.01 billion. During the same period in the previous year, the firm earned $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. On average, equities research analysts predict that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 3rd were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $2.16 annualized dividend and a dividend yield of 2.8%. Sysco’s payout ratio is 57.91%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup lifted their price target on Sysco from $84.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Sanford C. Bernstein assumed coverage on Sysco in a research note on Wednesday. They issued a “market perform” rating and a $83.00 price target on the stock. Morgan Stanley set a $88.00 price target on Sysco in a research note on Tuesday, October 21st. Finally, Barclays lifted their price target on Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Insider Activity

In related news, EVP Ronald L. Phillips sold 7,351 shares of Sysco stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $81.00, for a total transaction of $595,431.00. Following the sale, the executive vice president directly owned 41,837 shares in the company, valued at $3,388,797. The trade was a 14.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 14,732 shares of company stock worth $1,193,245 over the last 90 days. 0.56% of the stock is currently owned by insiders.

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.