Sysco Corporation $SYY Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Sysco Corporation (NYSE:SYY) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 412,423 shares of the company’s stock after purchasing an additional 35,647 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Sysco worth $30,445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SYY. Wellington Management Group LLP lifted its position in Sysco by 3,977.1% in the third quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock valued at $387,935,000 after acquiring an additional 4,595,819 shares during the last quarter. Mondrian Investment Partners LTD purchased a new stake in Sysco in the third quarter valued at $142,237,000. Marshall Wace LLP lifted its position in Sysco by 102.6% in the third quarter. Marshall Wace LLP now owns 2,359,471 shares of the company’s stock valued at $194,279,000 after acquiring an additional 1,194,815 shares during the last quarter. Scopus Asset Management L.P. purchased a new stake in Sysco in the third quarter valued at $87,075,000. Finally, Sunriver Management LLC purchased a new stake in Sysco in the third quarter valued at $45,809,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Activity at Sysco

In other news, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction that occurred 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 in the company, valued at $2,913,165. This represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the sale, the director owned 12,868 shares in the company, valued at $1,067,915.32. This represents a 17.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SYY. Wall Street Zen raised shares of Sysco from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Piper Sandler reduced their target price on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco in a report on Wednesday, January 28th. Wells Fargo & Company upped their target price on shares of Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Finally, Guggenheim reduced their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Nine 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, the company has an average rating of “Moderate Buy” and a consensus target price of $87.85.

Sysco Trading Up 0.4%

Shares of Sysco stock opened at $75.82 on Friday. Sysco Corporation has a 12-month low of $68.00 and a 12-month high of $91.85. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. The stock has a market cap of $36.31 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 2.73 and a beta of 0.69. The company has a 50-day moving average of $81.46 and a two-hundred day moving average of $78.57.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The company 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 firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, research analysts anticipate that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be given a $0.55 dividend. This is a boost from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, July 2nd. Sysco’s dividend payout ratio (DPR) is currently 58.06%.

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.