Danske Bank A S Raises Stock Holdings in Sysco Corporation $SYY

Danske Bank A S grew its position in Sysco Corporation (NYSE:SYY) by 33.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 643,774 shares of the company’s stock after acquiring an additional 162,765 shares during the quarter. Danske Bank A S’s holdings in Sysco were worth $47,440,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of Sysco in the third quarter valued at about $25,000. Torren Management LLC acquired a new stake in shares of Sysco during the fourth quarter worth about $27,000. Peterson Wealth Services grew its holdings 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 buying an additional 324 shares during the last quarter. Marquette Asset Management LLC grew its holdings in shares of Sysco by 367.4% during the fourth quarter. Marquette Asset Management LLC now owns 402 shares of the company’s stock worth $30,000 after buying an additional 316 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Sysco in the 2nd quarter valued at about $31,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Stock Down 0.8%

SYY stock opened at $74.08 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.75 and a debt-to-equity ratio of 5.58. The company’s 50-day moving average price is $79.95 and its 200 day moving average price is $78.41. Sysco Corporation has a 52 week low of $68.19 and a 52 week high of $91.85. The company has a market cap of $35.42 billion, a P/E ratio of 20.52, a P/E/G ratio of 3.62 and a beta of 0.66.

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

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be issued 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 yield of 3.0%. Sysco’s payout ratio is 59.83%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SYY. Weiss Ratings cut Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. Piper Sandler dropped their target price on Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft lowered shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a research note on Tuesday. Finally, Morgan Stanley cut their price target on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Sysco has a consensus rating of “Moderate Buy” and a consensus price target of $88.15.

Insider Transactions at Sysco

In other Sysco news, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the sale, the director owned 12,868 shares of the company’s stock, valued at $1,067,915.32. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.

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.