PensionDanmark Pensionsforsikringsaktieselskab Trims Stock Position in Sysco Corporation $SYY

Key Points

• PensionDanmark reduced its Sysco position by 12.7% in the second quarter, selling 11,926 shares and retaining 81,830 shares valued at approximately $6.84 million. Institutional investors and hedge funds collectively own 83.41% of Sysco.
• Sysco reported quarterly earnings of $1.53 per share, exceeding estimates of $1.51, while revenue rose 4.7% year over year to $22.12 billion. The company issued fiscal 2027 EPS guidance of $5.025 to $5.117.
• Analyst sentiment is mixed, with eight Buy ratings, seven Holds and one Sell; the consensus rating is Hold with an average price target of $89.50, compared with the stock’s recent price of $84.10.

PensionDanmark Pensionsforsikringsaktieselskab lessened its holdings in Sysco Corporation (NYSE:SYY - Free Report) by 12.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,830 shares of the company's stock after selling 11,926 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Sysco were worth $6,839,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lloyd Advisory Services LLC. purchased a new position in shares of Sysco during the fourth quarter worth $25,000. Motiv8 Investments LLC purchased a new stake in shares of Sysco in the 4th quarter valued at $25,000. Sunbelt Securities Inc. lifted its stake in Sysco by 87.6% during the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company's stock worth $26,000 after acquiring an additional 170 shares in the last quarter. Torren Management LLC purchased a new position in Sysco during the 4th quarter valued at about $27,000. Finally, Bard Associates Inc. acquired a new position in Sysco in the 4th quarter valued at about $27,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Performance

Shares of Sysco stock opened at $84.10 on Friday. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.28 and a quick ratio of 0.80. The stock has a market capitalization of $40.26 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.89 and a beta of 0.64. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85. The firm's fifty day simple moving average is $81.30 and its 200-day simple moving average is $80.39.

Sysco (NYSE:SYY - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.02. The business had revenue of $22.12 billion during the quarter, compared to analysts' expectations of $21.95 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The business's revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 earnings per share. 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, equities analysts forecast that Sysco Corporation will post 5.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SYY shares. Deutsche Bank Aktiengesellschaft lowered shares of Sysco from a "buy" rating to a "hold" rating and set a $84.00 target price on the stock. in a report on Tuesday, April 28th. UBS Group upped their price objective on Sysco from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays reduced their price objective on Sysco from $92.00 to $86.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings reissued a "hold (c+)" rating on shares of Sysco in a research note on Friday, June 26th. Finally, Sanford C. Bernstein cut their price target on Sysco from $90.00 to $85.00 and set a "market perform" rating on the stock in a report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $89.50.

Insider Activity

In related news, Director John M. Hinshaw purchased 13,304 shares of the business's stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the purchase, the director directly owned 40,200 shares of the company's stock, valued at $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.56% of the company's stock.

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.

Want to see what other hedge funds are holding SYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sysco Corporation (NYSE:SYY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source