Sysco Corporation $SYY Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in shares of Sysco Corporation (NYSE:SYY) by 36.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 326,176 shares of the company’s stock after buying an additional 86,938 shares during the quarter. Russell Investments Group Ltd.’s holdings in Sysco were worth $26,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in SYY. Vanguard Group Inc. lifted its position in Sysco by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after acquiring an additional 1,226,381 shares during the period. Geode Capital Management LLC raised its stake in shares of Sysco by 1.5% in the second quarter. Geode Capital Management LLC now owns 12,551,872 shares of the company’s stock worth $946,694,000 after purchasing an additional 183,179 shares during the last quarter. Norges Bank acquired a new stake in shares of Sysco during the second quarter worth about $493,686,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sysco by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,131,931 shares of the company’s stock worth $237,212,000 after purchasing an additional 27,693 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Sysco by 12.0% in the second quarter. Ameriprise Financial Inc. now owns 2,639,931 shares of the company’s stock valued at $201,076,000 after buying an additional 283,706 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the sale, the executive vice president owned 35,965 shares of the company’s stock, valued at $2,913,165. The trade was a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the transaction, the director 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 position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Guggenheim reissued a “buy” rating on shares of Sysco in a research report on Thursday, March 5th. Jefferies Financial Group upped their price objective on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Truist Financial increased their price objective on shares of Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Barclays raised their target price on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Finally, Morgan Stanley lowered their price target on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Sysco Stock Performance

NYSE SYY opened at $84.85 on Friday. The stock has a market capitalization of $40.64 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 2.63 and a beta of 0.58. The stock has a 50-day moving average of $83.19 and a 200 day moving average of $79.48. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $91.85.

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

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, April 2nd. Sysco’s payout ratio is presently 58.06%.

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.