denkapparat Operations GmbH Has $414,000 Holdings in Sysco Corporation $SYY

denkapparat Operations GmbH increased its position in Sysco Corporation (NYSE:SYY) by 59.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,470 shares of the company’s stock after buying an additional 2,032 shares during the period. denkapparat Operations GmbH’s holdings in Sysco were worth $414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SYY. Chung Wu Investment Group LLC bought a new position in shares of Sysco in the second quarter worth about $30,000. N.E.W. Advisory Services LLC acquired a new stake in Sysco in the 1st quarter valued at approximately $33,000. Cheviot Value Management LLC bought a new position in Sysco in the 1st quarter worth approximately $34,000. 1248 Management LLC acquired a new position in shares of Sysco during the first quarter worth approximately $35,000. Finally, Banque Transatlantique SA acquired a new position in shares of Sysco during the first quarter worth approximately $35,000. 83.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on SYY. Guggenheim boosted their target price on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Citigroup decreased their price target on shares of Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Bank of America upped their price objective on shares of Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Barclays increased their target price on shares of Sysco from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Truist Financial boosted their price target on Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Sysco Stock Performance

Shares of NYSE:SYY opened at $75.48 on Wednesday. The business has a fifty day moving average of $79.22 and a 200-day moving average of $77.17. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.70 and a current ratio of 1.15. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47. The firm has a market cap of $36.14 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. The business had revenue of $21.15 billion during the quarter, compared to analyst estimates of $21.03 billion. Sysco had a net margin of 2.21% and a return on equity of 112.04%. Sysco’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 earnings per share. 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 fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 3rd were paid a $0.54 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. Sysco’s dividend payout ratio is 57.91%.

Insiders Place Their Bets

In other Sysco news, EVP Ronald L. Phillips sold 7,351 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $81.00, for a total value of $595,431.00. Following the sale, the executive vice president directly owned 41,837 shares in the company, valued at approximately $3,388,797. This trade represents a 14.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.56% of the stock is owned by insiders.

Sysco 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.