Fosun International Ltd Has $464,000 Holdings in Sysco Corporation $SYY

Key Points

• Fosun International Ltd reduced its stake in Sysco Corporation by 33.7% during Q1, now owning 6,224 shares valued at $464,000.
• Other institutional investors have increased their stakes in Sysco, with 83.41% of shares currently held by such investors and hedge funds.
• Sysco recently reported $1.48 EPS for the last quarter, exceeding expectations, with forecasted EPS for FY 2026 set at 4.500-4.600.

Fosun International Ltd cut its holdings in Sysco Corporation (NYSE:SYY - Free Report) by 33.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,224 shares of the company's stock after selling 3,167 shares during the period. Fosun International Ltd's holdings in Sysco were worth $464,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. EntryPoint Capital LLC grew its stake in Sysco by 38.4% during the first quarter. EntryPoint Capital LLC now owns 6,328 shares of the company's stock worth $475,000 after buying an additional 1,757 shares in the last quarter. Credit Agricole S A grew its stake in Sysco by 35.9% during the first quarter. Credit Agricole S A now owns 184,852 shares of the company's stock worth $13,871,000 after buying an additional 48,813 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Sysco by 3.6% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 61,855 shares of the company's stock worth $4,642,000 after acquiring an additional 2,149 shares during the last quarter. Groupama Asset Managment lifted its holdings in shares of Sysco by 296.0% in the first quarter. Groupama Asset Managment now owns 11,310 shares of the company's stock worth $838,000 after acquiring an additional 8,454 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its holdings in shares of Sysco by 8.5% in the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 485,142 shares of the company's stock worth $36,405,000 after acquiring an additional 37,907 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sysco

In other news, EVP Ronald L. Phillips sold 6,286 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $81.00, for a total transaction of $509,166.00. Following the completion of the sale, the executive vice president owned 34,404 shares of the company's stock, valued at $2,786,724. This trade represents a 15.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Greg D. Bertrand sold 40,000 shares of the firm'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 transaction of $3,200,000.00. Following the sale, the executive vice president directly owned 56,304 shares of the company's stock, valued at approximately $4,504,320. This trade represents a 41.54% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,026 shares of company stock valued at $6,766,059. Insiders own 0.54% of the company's stock.

Sysco Stock Up 0.2%

Sysco stock opened at $79.3680 on Wednesday. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $82.64. The firm has a 50 day moving average price of $77.81 and a two-hundred day moving average price of $74.23. The firm has a market cap of $38.47 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 2.45 and a beta of 0.83.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results 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. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The firm had revenue of $21.14 billion during the quarter, compared to analyst estimates of $21.01 billion. During the same quarter last year, the business earned $1.39 EPS. The company's revenue was up 2.8% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities analysts predict that Sysco Corporation will post 4.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SYY. Guggenheim increased their target price on shares of Sysco from $85.00 to $87.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. BMO Capital Markets dropped their target price on shares of Sysco from $82.00 to $77.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Wall Street Zen cut shares of Sysco from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Bank of America raised their price objective on shares of Sysco from $81.00 to $93.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Citigroup started coverage on shares of Sysco in a report on Thursday, May 22nd. They issued a "neutral" rating and a $78.00 price objective for the company. 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 currently has an average rating of "Moderate Buy" and a consensus price target of $85.69.

About Sysco

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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