Sysco Corporation $SYY Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lessened its holdings in shares of Sysco Corporation (NYSE:SYY) by 18.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 363,300 shares of the company’s stock after selling 83,400 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Sysco were worth $26,772,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SYY. Intech Investment Management LLC boosted its holdings in Sysco by 53.1% in the 1st quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock worth $1,674,000 after acquiring an additional 7,742 shares during the period. Schnieders Capital Management LLC. boosted its holdings in Sysco by 24.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,310 shares of the company’s stock worth $781,000 after acquiring an additional 2,000 shares during the period. NewEdge Advisors LLC boosted its holdings in Sysco by 62.4% in the 2nd quarter. NewEdge Advisors LLC now owns 35,447 shares of the company’s stock worth $2,685,000 after acquiring an additional 13,616 shares during the period. Sei Investments Co. boosted its holdings in Sysco by 14.2% in the 2nd quarter. Sei Investments Co. now owns 344,504 shares of the company’s stock worth $26,092,000 after acquiring an additional 42,903 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in Sysco by 0.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 226,648 shares of the company’s stock worth $17,166,000 after acquiring an additional 1,710 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

Sysco stock opened at $75.52 on Thursday. The stock has a market cap of $36.17 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 2.70 and a beta of 0.69. 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 50 day moving average of $81.74 and a 200-day moving average of $78.58. Sysco Corporation has a 52 week low of $68.00 and a 52 week high of $91.85.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $20.76 billion during the quarter, compared to analysts’ expectations of $20.80 billion. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, analysts expect that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. This is an increase from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. Sysco’s dividend payout ratio (DPR) is currently 58.06%.

Analysts Set New Price Targets

SYY has been the subject of a number of analyst reports. Citigroup decreased their price target on Sysco from $88.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, March 31st. Barclays upped their price target on Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Wall Street Zen upgraded Sysco from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Argus upgraded Sysco to a “hold” rating in a research note on Thursday, January 29th. Finally, Jefferies Financial Group increased their target price on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and an average target price of $87.85.

Insider Activity at Sysco

In related news, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. This represents a 17.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ronald L. Phillips sold 5,601 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the sale, the executive vice president directly owned 35,965 shares in the company, valued at approximately $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. Corporate insiders own 0.56% of the company’s stock.

Sysco 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.