Raiffeisen Bank International AG Acquires New Shares in Sysco Corporation $SYY

Raiffeisen Bank International AG acquired a new position in Sysco Corporation (NYSE:SYY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 189,905 shares of the company’s stock, valued at approximately $15,542,000.

A number of other large investors have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. lifted its stake in shares of Sysco by 75.0% in the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after buying an additional 135 shares during the last quarter. Peterson Wealth Services grew its stake in Sysco by 875.7% in the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after buying an additional 324 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Sysco in the 2nd quarter worth $31,000. Vermillion & White Wealth Management Group LLC lifted its position in Sysco by 94.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after acquiring an additional 204 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Sysco by 234.3% during the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $35,000 after acquiring an additional 321 shares during the period. 83.41% of the stock is currently owned by institutional investors.

Sysco Trading Up 0.4%

Shares of SYY opened at $90.06 on Friday. The stock has a 50 day simple moving average of $79.58 and a 200-day simple moving average of $78.78. 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 $43.13 billion, a PE ratio of 24.21, a PEG ratio of 2.79 and a beta of 0.61. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $91.85.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The firm had revenue of $20.76 billion for the quarter, compared to analysts’ expectations of $20.80 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, sell-side analysts predict that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Insider Activity

In other Sysco news, Director Sheila Talton sold 2,801 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the transaction, the director directly owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the transaction, the executive vice president directly owned 35,965 shares in the company, valued at $2,913,165. The trade was a 13.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SYY. Piper Sandler lifted their price objective on Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Morgan Stanley dropped their price target on Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. UBS Group increased their price objective on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Argus upgraded Sysco to a “hold” rating in a research report on Thursday, January 29th. Finally, Wells Fargo & Company raised their target price on Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

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.