Thrivent Financial for Lutherans Has $129.94 Million Stake in Sysco Corporation $SYY

Thrivent Financial for Lutherans grew its holdings in shares of Sysco Corporation (NYSE:SYY) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,776,370 shares of the company’s stock after acquiring an additional 7,179 shares during the period. Thrivent Financial for Lutherans’ holdings in Sysco were worth $129,944,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas grew its holdings in Sysco by 8.0% during the 4th quarter. Teacher Retirement System of Texas now owns 370,571 shares of the company’s stock worth $27,307,000 after acquiring an additional 27,510 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Sysco by 9.5% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 412,423 shares of the company’s stock worth $30,445,000 after acquiring an additional 35,647 shares during the period. AE Wealth Management LLC grew its holdings in Sysco by 320.9% during the 3rd quarter. AE Wealth Management LLC now owns 79,589 shares of the company’s stock worth $6,553,000 after acquiring an additional 60,680 shares during the period. Krilogy Financial LLC grew its holdings in Sysco by 65.6% during the 3rd quarter. Krilogy Financial LLC now owns 42,435 shares of the company’s stock worth $3,494,000 after acquiring an additional 16,807 shares during the period. Finally, Carrera Capital Advisors acquired a new stake in Sysco during the 3rd quarter worth about $3,611,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SYY shares. Citigroup increased their price objective on shares of Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Argus raised shares of Sysco to a “hold” rating in a research report on Thursday, January 29th. Guggenheim cut their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. UBS Group cut their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Finally, Jefferies Financial Group increased their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.15.

Sysco Price Performance

SYY stock opened at $73.02 on Friday. The stock has a market capitalization of $34.92 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 2.99 and a beta of 0.66. The company’s 50-day moving average is $77.27 and its 200-day moving average is $78.06. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The business had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. During the same period in the previous year, the business posted $0.96 EPS. Sysco’s revenue was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Equities research analysts expect that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a positive change from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is 59.83%.

Sysco Company 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.