Czech National Bank Acquires 6,122 Shares of Sysco Corporation $SYY

Key Points

• The Czech National Bank increased its stake in Sysco Corporation by 5.4%, holding 118,490 shares valued at approximately $8.97 million.
• Several institutional investors significantly modified their holdings, with Boston Partners increasing its stake by 24.8% and Canoe Financial LP boosting theirs by an astounding 29,610.4% in the first quarter.
• Sysco Corporation reported a quarterly EPS of $1.48, exceeding analyst estimates, and declared a $0.54 quarterly dividend with a yield of 2.6%.

Czech National Bank grew its holdings in Sysco Corporation (NYSE:SYY - Free Report) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,490 shares of the company's stock after purchasing an additional 6,122 shares during the quarter. Czech National Bank's holdings in Sysco were worth $8,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in SYY. NorthCrest Asset Manangement LLC increased its stake in shares of Sysco by 4.9% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 2,956 shares of the company's stock worth $226,000 after purchasing an additional 139 shares in the last quarter. Golden State Wealth Management LLC increased 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 worth $32,000 after purchasing an additional 140 shares in the last quarter. Trust Co of the South increased its stake in shares of Sysco by 3.0% in the 2nd quarter. Trust Co of the South now owns 4,849 shares of the company's stock worth $367,000 after purchasing an additional 142 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Sysco by 1.6% in the 1st quarter. Chicago Partners Investment Group LLC now owns 8,898 shares of the company's stock worth $627,000 after purchasing an additional 143 shares in the last quarter. Finally, One Wealth Advisors LLC increased its stake in shares of Sysco by 3.3% in the 1st quarter. One Wealth Advisors LLC now owns 4,698 shares of the company's stock worth $353,000 after purchasing an additional 151 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Trading Up 0.6%

NYSE SYY traded up $0.49 during trading on Friday, hitting $82.42. The stock had a trading volume of 7,527,001 shares, compared to its average volume of 3,288,389. 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 stock has a market capitalization of $39.95 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 2.55 and a beta of 0.80. Sysco Corporation has a one year low of $67.12 and a one year high of $83.24. The stock has a 50 day simple moving average of $80.07 and a 200 day simple moving average of $75.52.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 2.25% and a return on equity of 109.52%. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.39 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Sell-side analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 3rd. Sysco's payout ratio is currently 57.91%.

Insider Activity at Sysco

In other news, 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 completion of the sale, the executive vice president owned 56,304 shares of the company's stock, valued at approximately $4,504,320. The trade was a 41.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total transaction of $77,841.00. Following 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 have sold 92,338 shares of company stock valued at $7,439,331 in the last ninety days. Insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SYY. Morgan Stanley upped their price objective on Sysco from $72.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Citigroup began coverage on Sysco in a research note on Thursday, May 22nd. They issued a "neutral" rating and a $78.00 price target for the company. Guggenheim increased their price target on Sysco from $85.00 to $87.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen lowered Sysco from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Barclays increased their price target on Sysco from $77.00 to $82.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $85.69.

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.