Mitsubishi UFJ Asset Management Co. Ltd. Acquires 26,990 Shares of Sysco Corporation $SYY

Key Points

• Mitsubishi UFJ Asset Management raised its stake in Sysco by 26,990 shares (a 2.6% increase) to 1,053,000 shares, now owning about 0.22% of the company worth roughly $76.47 million.
• Sysco slightly missed the latest quarter's estimates with EPS of $0.94 (vs. $0.95 expected) and revenue of $20.52 billion (vs. $20.56 billion), though revenue was up 4.7% year-over-year and analysts hold a consensus "Moderate Buy" with a $88.15 target.
• Sysco increased its quarterly dividend to $0.55 (annualized $2.20) for a yield of about 3.0% with an ex-dividend date of July 2, and the company has a market cap near $34.8 billion and a PE ratio around 20.2.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Sysco Corporation (NYSE:SYY - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,053,000 shares of the company's stock after purchasing an additional 26,990 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.22% of Sysco worth $76,469,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of SYY. Jackson Grant Investment Advisers Inc. bought a new stake in Sysco during the 3rd quarter worth approximately $25,000. Torren Management LLC bought a new position in shares of Sysco during the 4th quarter worth approximately $27,000. Peterson Wealth Services grew its stake in shares of Sysco by 875.7% during the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company's stock worth $30,000 after acquiring an additional 324 shares in the last quarter. Marquette Asset Management LLC grew its stake in shares of Sysco by 367.4% during the 4th quarter. Marquette Asset Management LLC now owns 402 shares of the company's stock worth $30,000 after acquiring an additional 316 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of Sysco during the 2nd quarter worth approximately $31,000. 83.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Sysco from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. Truist Financial raised their price target on shares of Sysco from $90.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. UBS Group decreased their price target on shares of Sysco from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Thursday, April 2nd. Argus raised shares of Sysco to a "hold" rating in a research note on Thursday, January 29th. Finally, Guggenheim decreased their price target on shares of Sysco from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Thursday, April 2nd. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.15.

Sysco Price Performance

NYSE:SYY opened at $72.84 on Friday. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. The firm has a fifty day simple moving average of $78.94 and a 200 day simple moving average of $78.26. The stock has a market capitalization of $34.83 billion, a PE ratio of 20.18, a P/E/G ratio of 2.99 and a beta of 0.66.

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

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 annualized dividend and a yield of 3.0%. This is a positive change from Sysco's previous quarterly dividend of $0.54. Sysco's payout ratio is 59.83%.

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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