UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $381.75 Million Holdings in Sysco Corporation $SYY

Key Points

• UBS Asset Management Americas LLC increased its stake in Sysco Corporation to approximately 5 million shares, now valued at about $381.75 million, reflecting an increase of 8.3% in the first quarter.
• Sysco's recent financial performance includes a quarterly earnings report that exceeded expectations with $1.48 earnings per share on $21.14 billion in revenue.
• The company announced a quarterly dividend of $0.54 per share, representing a 2.7% dividend yield, with the payment date set for October 24th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Sysco Corporation (NYSE:SYY - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,087,250 shares of the company's stock after buying an additional 391,614 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.05% of Sysco worth $381,747,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SYY. Boston Partners boosted its holdings in shares of Sysco by 24.8% in the 1st quarter. Boston Partners now owns 15,199,828 shares of the company's stock valued at $1,139,798,000 after buying an additional 3,015,714 shares during the last quarter. Canoe Financial LP boosted its holdings in shares of Sysco by 29,610.4% in the 1st quarter. Canoe Financial LP now owns 1,431,149 shares of the company's stock valued at $107,393,000 after buying an additional 1,426,332 shares during the last quarter. Nuveen LLC acquired a new stake in Sysco during the 1st quarter valued at $85,341,000. Burgundy Asset Management Ltd. lifted its holdings in Sysco by 251.6% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,452,073 shares of the company's stock valued at $111,026,000 after purchasing an additional 1,039,088 shares during the last quarter. Finally, Amundi lifted its holdings in Sysco by 36.5% during the 1st quarter. Amundi now owns 3,725,508 shares of the company's stock valued at $280,941,000 after purchasing an additional 995,498 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Sysco Stock Down 0.7%

SYY stock opened at $80.25 on Thursday. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. The stock has a market capitalization of $38.90 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 2.50 and a beta of 0.80. The business's fifty day moving average price is $79.53 and its two-hundred day moving average price is $75.25. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.17.

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

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be given a $0.54 dividend. The ex-dividend date is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. Sysco's dividend payout ratio (DPR) is presently 57.91%.

Insiders Place Their Bets

In related news, EVP Greg D. Bertrand sold 40,000 shares of the firm's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the transaction, the executive vice president owned 56,304 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. 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 value of $3,046,086.00. Following the completion of the transaction, the executive vice president owned 30,235 shares in the company, valued at $2,449,035. The trade was a 55.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 91,377 shares of company stock worth $7,361,490 in the last 90 days. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SYY shares. Morgan Stanley raised their price target on Sysco from $72.00 to $77.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Bank of America raised their price target on Sysco from $81.00 to $93.00 and gave the company a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company set a $88.00 price target on Sysco and gave the company an "overweight" rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. raised their price target on Sysco from $82.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Finally, Guggenheim raised their price target on Sysco from $85.00 to $87.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Sysco presently has an average rating of "Moderate Buy" and a consensus target price of $85.69.

Sysco Profile

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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