Danske Bank A S Raises Position in Sysco Corporation $SYY

Key Points

• Danske Bank A/S raised its Sysco stake 33.8% in Q4 to 643,774 shares (about $47.4M), and institutional investors now own roughly 83.41% of the company.
• Analyst sentiment is mixed—nine Buys vs seven Holds—resulting in an average rating of "Moderate Buy" and a consensus target of $88.15, although several firms recently trimmed targets or ratings while JPMorgan remains overweight at a $87 target.
• Sysco slightly missed the quarter (EPS $0.94 vs $0.95 estimate; revenue $20.52B vs $20.56B), raised its quarterly dividend to $0.55 (3.0% yield), and the stock trades near $74 with a market cap of about $35.4B and a P/E around 20.5.

Danske Bank A S lifted its stake in shares of Sysco Corporation (NYSE:SYY - Free Report) by 33.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 643,774 shares of the company's stock after acquiring an additional 162,765 shares during the quarter. Danske Bank A S owned 0.13% of Sysco worth $47,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of SYY. Wellington Management Group LLP grew its stake in Sysco by 3,977.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company's stock worth $387,935,000 after purchasing an additional 4,595,819 shares in the last quarter. Mondrian Investment Partners LTD acquired a new stake in Sysco in the 3rd quarter valued at about $142,237,000. Marshall Wace LLP raised its position in Sysco by 102.6% in the 3rd quarter. Marshall Wace LLP now owns 2,359,471 shares of the company's stock valued at $194,279,000 after purchasing an additional 1,194,815 shares in the last quarter. Scopus Asset Management L.P. purchased a new position in shares of Sysco in the 3rd quarter valued at about $87,075,000. Finally, Vanguard Group Inc. grew its position in shares of Sysco by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 62,305,343 shares of the company's stock worth $4,591,281,000 after buying an additional 814,270 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Piper Sandler cut their target price on shares of Sysco from $83.00 to $77.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 7th. Wall Street Zen cut shares of Sysco from a "buy" rating to a "hold" rating in a report on Saturday. JPMorgan Chase & Co. increased their price objective on shares of Sysco from $85.00 to $87.00 and gave the company an "overweight" rating in a research report on Wednesday, January 28th. Guggenheim reduced their price objective on shares of Sysco from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Thursday, April 2nd. Finally, Argus raised shares of Sysco to a "hold" rating in a research report on Thursday, January 29th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Sysco has an average rating of "Moderate Buy" and an average target price of $88.15.

Sysco Stock Down 0.8%

SYY stock opened at $74.08 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.75 and a debt-to-equity ratio of 5.58. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85. The company's 50 day moving average is $79.95 and its two-hundred day moving average is $78.41. The stock has a market cap of $35.42 billion, a P/E ratio of 20.52, a PEG ratio of 3.62 and a beta of 0.66.

Sysco (NYSE:SYY - Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) 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%. The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Research analysts expect 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 paid a $0.55 dividend. This is a boost from Sysco's previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, July 2nd. Sysco's payout ratio is currently 59.83%.

Insider Transactions at Sysco

In other Sysco news, Director Sheila Talton sold 2,801 shares of the firm's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the transaction, the director owned 12,868 shares of the company's stock, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is owned by corporate insiders.

About Sysco

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.

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