Vinva Investment Management Ltd Purchases New Holdings in Sysco Corporation $SYY

Key Points

• Vinva Investment Management established a new stake in Sysco, buying 38,301 shares in Q3 valued at about $3.14 million per the latest 13F filing.
• Sysco reported Q results with $0.99 EPS (beating by $0.01) and $20.76B revenue (slightly below estimates) and set FY2026 guidance at 4.600 EPS; analysts hold a consensus "Moderate Buy" rating with a $90.31 price target.
• Sysco declared a quarterly dividend of $0.54 ($2.16 annualized) for a 2.6% yield (ex-dividend April 2), while insiders have trimmed holdings and institutional ownership remains high at 83.41%.

Vinva Investment Management Ltd bought a new stake in Sysco Corporation (NYSE:SYY - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 38,301 shares of the company's stock, valued at approximately $3,135,000.

Other hedge funds have also recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. acquired a new position in Sysco in the 3rd quarter valued at $25,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Sysco by 75.0% in the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company's stock valued at $26,000 after acquiring an additional 135 shares in the last quarter. Peterson Wealth Services increased its stake in shares of Sysco by 875.7% during the third quarter. Peterson Wealth Services now owns 361 shares of the company's stock worth $30,000 after acquiring an additional 324 shares during the period. Darwin Wealth Management LLC purchased a new position in Sysco during the second quarter worth about $31,000. Finally, Vermillion & White Wealth Management Group LLC lifted its position in Sysco by 94.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company's stock valued at $32,000 after purchasing an additional 204 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Trading Down 0.7%

Shares of Sysco stock opened at $84.64 on Tuesday. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $91.85. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. The stock has a market cap of $40.54 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 2.65 and a beta of 0.58. The company has a 50-day moving average of $82.55 and a two-hundred day moving average of $79.38.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. The business had revenue of $20.76 billion for the quarter, compared to analyst estimates of $20.80 billion. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The company's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, research analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, April 2nd. Sysco's payout ratio is presently 58.06%.

Analyst Ratings Changes

SYY has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on Sysco from $80.00 to $83.00 and gave the company a "neutral" rating in a report on Wednesday, January 28th. Guggenheim reissued a "buy" rating on shares of Sysco in a report on Thursday. Morgan Stanley decreased their price target on Sysco from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 20th. Jefferies Financial Group upped their price objective on Sysco from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Finally, UBS Group increased their price objective on Sysco from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Sysco presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.31.

Insiders Place Their Bets

In other news, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the transaction, the director owned 12,868 shares of the company's stock, valued at $1,067,915.32. The trade was a 17.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Ronald L. Phillips sold 5,601 shares of the business's stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the sale, the executive vice president owned 35,965 shares in the company, valued at $2,913,165. This represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is currently owned by insiders.

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.

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