Avanza Fonder AB Has $3.35 Million Stake in Sysco Corporation $SYY

Key Points

• Avanza Fonder AB increased its stake in Sysco Corporation by 18.1% during the second quarter, owning a total of 44,196 shares valued at approximately $3.3 million.
• Several institutional investors, including Sowell Financial Services LLC and Farther Finance Advisors LLC, have also raised their positions in Sysco, reflecting strong institutional interest in the company.
• Sysco recently declared a quarterly dividend of $0.54 per share, with a dividend yield of 2.6%, indicating a solid return for stockholders.

Avanza Fonder AB increased its holdings in shares of Sysco Corporation (NYSE:SYY - Free Report) by 18.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,196 shares of the company's stock after purchasing an additional 6,758 shares during the period. Avanza Fonder AB's holdings in Sysco were worth $3,347,000 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. Sowell Financial Services LLC boosted its holdings in shares of Sysco by 11.5% in the 2nd quarter. Sowell Financial Services LLC now owns 16,780 shares of the company's stock valued at $1,271,000 after buying an additional 1,733 shares in the last quarter. Petredis Investment Advisors LLC lifted its holdings in Sysco by 1.1% in the second quarter. Petredis Investment Advisors LLC now owns 28,705 shares of the company's stock worth $2,174,000 after acquiring an additional 321 shares during the last quarter. Walter Public Investments Inc. raised its holdings in Sysco by 6.0% during the second quarter. Walter Public Investments Inc. now owns 176,751 shares of the company's stock worth $13,387,000 after purchasing an additional 9,928 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its stake in Sysco by 3.7% in the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 24,146 shares of the company's stock worth $1,829,000 after purchasing an additional 855 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of Sysco by 38.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,602 shares of the company's stock valued at $576,000 after acquiring an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Sysco Stock Down 1.1%

NYSE SYY traded down $0.94 on Monday, hitting $81.45. The stock had a trading volume of 2,391,772 shares, compared to its average volume of 2,871,928. The business's fifty day moving average price is $80.26 and its 200 day moving average price is $75.62. The stock has a market cap of $39.48 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 2.55 and a beta of 0.80. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.24. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70.

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

Sysco Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SYY. Wells Fargo & Company set a $88.00 target price on shares of Sysco and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Guggenheim boosted their target price on Sysco from $85.00 to $87.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Truist Financial increased their price target on Sysco from $81.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wall Street Zen lowered Sysco from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, Bank of America upped their price objective on shares of Sysco from $81.00 to $93.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $85.69.

Insider Transactions at Sysco

In other news, 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 transaction, the executive vice president owned 41,501 shares of the company's stock, valued at $3,361,581. This represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the sale, the executive vice president owned 56,304 shares in the company, valued at $4,504,320. This represents a 41.54% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,338 shares of company stock valued at $7,439,331. 0.54% of the stock is currently owned by company 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.