Fideuram Asset Management Ireland dac Takes Position in Sysco Corporation $SYY

Key Points

• Fideuram Asset Management Ireland dac opened a new position in Sysco during the fourth quarter, buying 72,664 shares worth about $5.46 million.
• Sysco reported quarterly earnings of $0.94 per share, slightly below expectations, while revenue came in at $20.52 billion and rose 4.7% year over year.
• The company raised its quarterly dividend to $0.55 per share from $0.54, and analysts currently rate the stock Moderate Buy with a consensus price target of $88.15.

Fideuram Asset Management Ireland dac purchased a new stake in Sysco Corporation (NYSE:SYY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,664 shares of the company's stock, valued at approximately $5,456,000.

Other large investors have also modified their holdings of the company. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Sysco in the third quarter valued at approximately $25,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Sysco in the fourth quarter valued at approximately $25,000. Peterson Wealth Services lifted its stake in shares of Sysco by 875.7% during the third quarter. Peterson Wealth Services now owns 361 shares of the company's stock valued at $30,000 after buying an additional 324 shares during the period. Torren Management LLC purchased a new position in shares of Sysco during the fourth quarter valued at approximately $27,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Sysco during the fourth quarter valued at approximately $28,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Performance

NYSE:SYY opened at $75.88 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58. The company has a market cap of $36.28 billion, a P/E ratio of 21.02, a P/E/G ratio of 3.07 and a beta of 0.66. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. The firm's 50 day moving average is $75.30 and its two-hundred day moving average is $78.12.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.01). The company had revenue of $20.52 billion for the quarter, compared to analysts' expectations of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Analysts expect that Sysco Corporation will post 4.59 EPS for the current year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. This is an increase from Sysco's previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Sysco's payout ratio is 59.83%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SYY. Sanford C. Bernstein reduced their price objective on shares of Sysco from $90.00 to $85.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 29th. UBS Group reduced their price objective on shares of Sysco from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Thursday, April 2nd. Wells Fargo & Company upped their price objective on shares of Sysco from $92.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, February 19th. Wall Street Zen downgraded shares of Sysco from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Finally, Argus raised shares of Sysco to a "hold" rating in a research note on Thursday, January 29th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Sysco has an average rating of "Moderate Buy" and a consensus price target of $88.15.

Insiders Place Their Bets

In related news, Director John M. Hinshaw purchased 13,304 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the purchase, the director directly owned 40,200 shares in the company, valued at approximately $3,021,834. This trade represents a 49.46% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Sysco Profile

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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