B. Metzler seel. Sohn & Co. AG Boosts Stock Position in Sysco Corporation $SYY

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Sysco Corporation by 32.6%, acquiring a total of 86,234 shares valued at approximately $6.47 million.
• Several analysts have upgraded their target prices for Sysco, with current targets ranging from $85.00 to $93.00, reflecting a consensus rating of "Moderate Buy".
• Sysco announced a quarterly dividend of $0.54 per share, equating to an annualized dividend yield of 2.7%, payable on October 24th.

B. Metzler seel. Sohn & Co. AG lifted its position in Sysco Corporation (NYSE:SYY - Free Report) by 32.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 86,234 shares of the company's stock after buying an additional 21,212 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Sysco were worth $6,471,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rialto Wealth Management LLC raised 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 buying an additional 217 shares during the period. Parvin Asset Management LLC acquired a new position in Sysco during the 4th quarter worth $29,000. Golden State Wealth Management LLC grew its stake in Sysco by 48.4% during the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock worth $32,000 after purchasing an additional 140 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in Sysco during the 1st quarter worth $33,000. Finally, Capital A Wealth Management LLC acquired a new position in Sysco during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 83.41% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SYY shares. 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 upped their price objective on Sysco from $81.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Bank of America upped their target price on Sysco from $81.00 to $93.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Morgan Stanley upped their price objective on Sysco from $72.00 to $77.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Finally, UBS Group set a $90.00 price objective on Sysco in a research note on Wednesday, July 30th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $85.69.

Sysco Stock Performance

Shares of SYY stock opened at $80.28 on Thursday. The company has a market cap of $38.92 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 2.47 and a beta of 0.83. The stock has a 50 day simple moving average of $78.46 and a 200-day simple moving average of $74.56. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $82.64. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75.

Sysco (NYSE:SYY - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.09. The business had revenue of $21.14 billion during the quarter, compared to the consensus estimate of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The company'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 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities analysts forecast that Sysco Corporation will post 4.58 EPS for the current 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 paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 3rd. Sysco's dividend payout ratio is 57.91%.

Insider Buying and Selling

In related news, EVP Ronald L. Phillips sold 37,606 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total value of $3,046,086.00. Following the sale, the executive vice president owned 30,235 shares in the company, valued at $2,449,035. This represents a 55.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The stock was 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 owned 56,304 shares in the company, valued at approximately $4,504,320. This represents a 41.54% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 84,026 shares of company stock valued at $6,766,059. Company insiders own 0.54% of the company's stock.

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.

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