Sysco Corporation $SYY Stock Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in Sysco Corporation (NYSE:SYY) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 271,500 shares of the company’s stock after acquiring an additional 16,710 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.06% of Sysco worth $21,166,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SYY. United Capital Financial Advisors LLC bought a new stake in Sysco in the 2nd quarter valued at $2,633,000. Rakuten Investment Management Inc. acquired a new position in Sysco in the 2nd quarter valued at $6,523,000. Empowered Funds LLC bought a new position in Sysco during the 2nd quarter worth $9,370,000. Banque Cantonale Vaudoise increased its position in Sysco by 301.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 16,828 shares of the company’s stock worth $1,200,000 after buying an additional 12,641 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of Sysco during the second quarter worth $482,589,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Price Performance

Shares of NYSE SYY opened at $81.38 on Friday. The business has a fifty day moving average price of $80.49 and a two-hundred day moving average price of $79.29. The stock has a market capitalization of $40.04 billion, a PE ratio of 22.24, a P/E/G ratio of 2.87 and a beta of 0.64. 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 Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.02. The company had revenue of $22.12 billion for 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% on a year-over-year basis. During the same period in the prior year, the firm posted $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. As a group, equities analysts predict that Sysco Corporation will post 5.10 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 2nd were given a $0.55 dividend. The ex-dividend date was Friday, October 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.7%. Sysco’s payout ratio is presently 60.11%.

Insider Activity at Sysco

In other news, EVP Ronald Phillips sold 7,350 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $83.61, for a total transaction of $614,533.50. Following the completion of the sale, the executive vice president owned 38,650 shares of the company’s stock, valued at approximately $3,231,526.50. This represents a 15.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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. In the last ninety days, insiders have sold 15,525 shares of company stock valued at $1,299,736. 0.55% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SYY shares. Guggenheim reissued a “buy” rating and issued a $90.00 target price on shares of Sysco in a research report on Wednesday, September 16th. JPMorgan Chase & Co. lowered their price target on shares of Sysco from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Melius Research cut shares of Sysco from a “hold” rating to a “sell” rating in a research note on Tuesday, July 7th. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Piper Sandler boosted their price objective on shares of Sysco from $77.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Sysco has an average rating of “Moderate Buy” and an average target price of $90.42.

Sysco Company Profile

Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.

The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.

Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.