AG2R LA Mondiale Gestion D Actifs Takes $1.37 Million Position in Sysco Corporation $SYY

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new stake in Sysco Corporation for approximately $1.37 million, purchasing 18,711 shares in the first quarter.
• Sysco reported $1.48 earnings per share for the last quarter, exceeding analysts' expectations, with a revenue of $21.14 billion.
• The company announced a quarterly dividend of $0.54 per share, leading to an annualized dividend of $2.16 and a yield of 2.7%.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in Sysco Corporation (NYSE:SYY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,711 shares of the company's stock, valued at approximately $1,366,000.

Other large investors have also made changes to their positions in the company. Rialto Wealth Management LLC boosted its holdings in shares of Sysco by 188.7% in the 1st quarter. Rialto Wealth Management LLC now owns 332 shares of the company's stock valued at $25,000 after acquiring an additional 217 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Sysco by 48.4% in the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock valued at $32,000 after purchasing an additional 140 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of Sysco in the 1st quarter valued at $33,000. Capital A Wealth Management LLC acquired a new position in shares of Sysco in the 4th quarter valued at $34,000. Finally, Cheviot Value Management LLC acquired a new position in shares of Sysco in the 1st quarter valued at $34,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Stock Performance

NYSE:SYY opened at $81.37 on Friday. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. The company has a fifty day moving average of $79.70 and a two-hundred day moving average of $75.35. The stock has a market capitalization of $39.44 billion, a PE ratio of 21.81, a P/E/G ratio of 2.51 and a beta of 0.80. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.17.

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

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, October 3rd. Sysco's dividend payout ratio is 57.91%.

Insider Transactions at Sysco

In other news, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the sale, the executive vice president directly owned 56,304 shares in the company, valued at $4,504,320. This represents a 41.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ronald L. Phillips sold 961 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $81.00, for a total transaction of $77,841.00. Following the completion of the sale, the executive vice president directly owned 41,501 shares of the company's stock, valued at $3,361,581. This represents a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,338 shares of company stock valued at $7,439,331 over the last quarter. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

SYY has been the subject of several analyst reports. UBS Group set a $90.00 target price on shares of Sysco in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their target price on shares of Sysco from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Guggenheim boosted their target price on shares of Sysco from $85.00 to $87.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen cut shares of Sysco from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Citigroup initiated coverage on shares of Sysco in a research note on Thursday, May 22nd. They issued a "neutral" rating and a $78.00 target price for the company. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $85.69.

About Sysco

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.

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