Nykredit A S Makes New $12.54 Million Investment in Sysco Corporation $SYY

Nykredit A S bought a new stake in shares of Sysco Corporation (NYSE:SYY) during the 2nd quarter, Holdings Channel reports. The firm bought 150,084 shares of the company’s stock, valued at approximately $12,544,000.

Other large investors have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC purchased a new stake in Sysco during the 2nd quarter valued at $869,000. Cairn Investment Group Inc. bought a new stake in shares of Sysco in the second quarter worth $5,580,000. Sound Financial Strategies Group LLC increased its position in shares of Sysco by 7.3% during the 2nd quarter. Sound Financial Strategies Group LLC now owns 3,492 shares of the company’s stock valued at $292,000 after purchasing an additional 239 shares during the last quarter. Symphony Financial Ltd. Co. bought a new position in shares of Sysco in the 2nd quarter worth approximately $286,000. Finally, Legacy Financial Advisors Inc. purchased a new position in shares of Sysco in the second quarter worth approximately $789,000. 83.41% of the stock is currently owned by institutional investors.

Sysco Stock Down 1.2%

Shares of NYSE:SYY opened at $80.10 on Friday. The firm has a market capitalization of $38.38 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 2.77 and a beta of 0.63. The business has a 50 day simple moving average of $83.13 and a two-hundred day simple moving average of $80.33. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.28 and a quick ratio of 0.77.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. The firm had revenue of $22.12 billion during the quarter, compared to analyst estimates of $21.95 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%.Sysco’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.48 EPS. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. On average, equities analysts predict that Sysco Corporation will post 5.12 EPS for the current year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 2nd. Sysco’s payout ratio is currently 60.11%.

Insider Activity at Sysco

In related news, EVP Ronald Phillips sold 7,350 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $83.61, for a total value of $614,533.50. Following the transaction, the executive vice president owned 38,650 shares of the company’s stock, valued at $3,231,526.50. This trade represents a 15.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 14,508 shares of company stock valued at $1,215,250 in the last quarter. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Citigroup upped their price objective on Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded Sysco from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. UBS Group raised their price objective on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Melius Research downgraded shares of Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Finally, Morgan Stanley increased their price objective on shares of Sysco from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $89.50.

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.