Swedbank AB Has $45.28 Million Stake in Sysco Corporation $SYY

Key Points

• Swedbank AB has reduced its stake in Sysco Corporation by 62.5%, selling 1,007,540 shares and now owning approximately 0.12% of the company, worth around $45.3 million.
• Sysco recently reported quarterly earnings of $1.48 per share, surpassing analysts' expectations, and expressed a guidance for FY 2026 of $4.500-4.600 EPS.
• The company declared a quarterly dividend of $0.54 per share to be paid on October 24th, representing an annualized yield of 2.7%.

Swedbank AB lessened its holdings in Sysco Corporation (NYSE:SYY - Free Report) by 62.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 603,401 shares of the company's stock after selling 1,007,540 shares during the period. Swedbank AB owned approximately 0.12% of Sysco worth $45,279,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SYY. NorthRock Partners LLC raised its position in Sysco by 147.6% in the fourth quarter. NorthRock Partners LLC now owns 6,954 shares of the company's stock worth $532,000 after purchasing an additional 4,146 shares in the last quarter. Nomura Holdings Inc. raised its position in Sysco by 95.4% in the fourth quarter. Nomura Holdings Inc. now owns 35,106 shares of the company's stock worth $2,684,000 after purchasing an additional 17,140 shares in the last quarter. Mufg Securities Americas Inc. acquired a new stake in shares of Sysco during the fourth quarter worth approximately $554,000. Pathstone Holdings LLC increased its holdings in shares of Sysco by 2.0% during the fourth quarter. Pathstone Holdings LLC now owns 129,261 shares of the company's stock worth $9,879,000 after buying an additional 2,577 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of Sysco by 97.3% during the fourth quarter. Quantinno Capital Management LP now owns 119,134 shares of the company's stock worth $9,109,000 after buying an additional 58,740 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Insiders Place Their Bets

In other news, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the transaction, the executive vice president directly owned 56,304 shares of the company's stock, valued at $4,504,320. This trade represents a 41.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ronald L. Phillips sold 37,606 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the sale, the executive vice president owned 30,235 shares in the company, valued at approximately $2,449,035. The trade was a 55.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,338 shares of company stock worth $7,439,331. Insiders own 0.54% of the company's stock.

Sysco Trading Down 0.8%

Shares of NYSE SYY traded down $0.65 during midday trading on Thursday, reaching $81.81. 1,325,025 shares of the stock were exchanged, compared to its average volume of 3,251,229. The business has a 50-day simple moving average of $79.98 and a two-hundred day simple moving average of $75.48. The company has a market capitalization of $39.66 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 2.53 and a beta of 0.80. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $83.17. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.09. The company had revenue of $21.14 billion for the quarter, compared to analysts' expectations of $21.01 billion. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $1.39 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities research analysts expect that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 3rd. Sysco's dividend payout ratio (DPR) is currently 57.91%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SYY. Guggenheim raised their price objective on shares of Sysco from $85.00 to $87.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. UBS Group set a $90.00 price objective on shares of Sysco in a report on Wednesday, July 30th. Wall Street Zen lowered shares of Sysco from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Wells Fargo & Company set a $88.00 price objective on shares of Sysco and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Finally, Morgan Stanley raised their price objective on shares of Sysco from $72.00 to $77.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company 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.