Nykredit A S Acquires New Shares in Sysco Corporation $SYY

Key Points

• Nykredit A/S acquired 150,084 Sysco shares worth approximately $12.5 million during the second quarter. Institutional investors collectively own 83.41% of Sysco.
• Analyst sentiment remains moderately positive: nine analysts rate Sysco a Buy, six rate it a Hold, and one rates it a Sell, with a consensus price target of $89.50.
• Sysco reported quarterly EPS of $1.53, beating estimates, while revenue rose 4.7% year over year to $22.12 billion. The company also declared a quarterly dividend of $0.55 per share, representing a 2.7% yield.

Nykredit A S acquired a new stake in shares of Sysco Corporation (NYSE:SYY - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 150,084 shares of the company's stock, valued at approximately $12,544,000.

Other institutional investors have also added to or reduced their stakes in the company. Lloyd Advisory Services LLC. bought a new stake in Sysco during the fourth quarter valued at $25,000. Motiv8 Investments LLC purchased a new position in shares of Sysco during the fourth quarter worth approximately $25,000. Sunbelt Securities Inc. lifted its stake in Sysco by 87.6% in the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company's stock worth $26,000 after purchasing an additional 170 shares during the last quarter. Bard Associates Inc. bought a new stake in shares of Sysco in the 4th quarter valued at about $27,000. Finally, Elyxium Wealth LLC purchased a new stake in Sysco during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 83.41% of the company's stock.

Insider Activity

In related news, EVP Ronald Phillips sold 7,350 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $83.61, for a total value of $614,533.50. Following the transaction, the executive vice president owned 38,650 shares in the company, valued at $3,231,526.50. The trade was a 15.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 14,508 shares of company stock valued at $1,215,250. 0.56% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SYY has been the subject of a number of analyst reports. Melius Research lowered Sysco from a "hold" rating to a "sell" rating in a research note on Tuesday, July 7th. Weiss Ratings raised shares of Sysco from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, August 19th. Wall Street Zen raised shares of Sysco from a "hold" rating to a "buy" rating in a research note on Saturday, August 29th. Citigroup increased their target price on shares of Sysco from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Finally, UBS Group raised their target price on Sysco from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $89.50.

Sysco Stock Down 1.2%

Shares of Sysco stock opened at $80.10 on Friday. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. The firm has a market cap of $38.38 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.77 and a beta of 0.63. The company has a 50-day moving average of $83.13 and a 200 day moving average of $80.33. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.28 and a quick ratio of 0.77.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.51 by $0.02. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The business had revenue of $22.12 billion for the quarter, compared to analyst estimates of $21.95 billion. During the same quarter in the previous year, the firm posted $1.48 earnings per share. Sysco's quarterly revenue was up 4.7% on a year-over-year basis. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. As a group, sell-side analysts anticipate that Sysco Corporation will post 5.12 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 2nd will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 2nd. Sysco's payout ratio is 60.11%.

Sysco Company 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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