693,621 Shares in Sysco Corporation $SYY Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. purchased a new position in shares of Sysco Corporation (NYSE:SYY) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 693,621 shares of the company’s stock, valued at approximately $51,115,000.

Other hedge funds have also added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. acquired a new stake in Sysco during the 3rd quarter worth approximately $25,000. Lloyd Advisory Services LLC. acquired a new stake in Sysco during the 4th quarter worth approximately $25,000. Torren Management LLC acquired a new stake in Sysco during the 4th quarter worth approximately $27,000. Elyxium Wealth LLC acquired a new stake in Sysco during the 4th quarter worth approximately $28,000. Finally, Navalign LLC acquired a new stake in Sysco during the 4th quarter worth approximately $29,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Sysco news, Director John M. Hinshaw purchased 13,304 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the purchase, the director owned 40,200 shares in the company, valued at approximately $3,021,834. This trade represents a 49.46% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.56% of the company’s stock.

Sysco Price Performance

Shares of NYSE SYY opened at $75.98 on Friday. The stock has a market capitalization of $36.33 billion, a PE ratio of 21.05, a P/E/G ratio of 3.10 and a beta of 0.66. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. The business has a fifty day moving average price of $75.17 and a two-hundred day moving average price of $78.10. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). The company had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.56 billion. Sysco had a net margin of 2.08% and a return on equity of 103.57%. Sysco’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, equities analysts predict that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 annualized dividend and a yield of 2.9%. This is a boost from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is presently 59.83%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SYY shares. Piper Sandler dropped their price target on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Barclays dropped their price target on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Wells Fargo & Company lifted their price objective on Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Citigroup lifted their price objective on Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft cut Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a report on Tuesday, April 28th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.15.

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.