iSAM Funds UK Ltd Invests $3.54 Million in Sysco Corporation $SYY

iSAM Funds UK Ltd bought a new position in shares of Sysco Corporation (NYSE:SYY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 42,931 shares of the company’s stock, valued at approximately $3,535,000. Sysco comprises about 0.7% of iSAM Funds UK Ltd’s holdings, making the stock its 29th largest position.

A number of other institutional investors have also bought and sold shares of SYY. Gateway Investment Advisers LLC lifted its stake in shares of Sysco by 594.8% in the 3rd quarter. Gateway Investment Advisers LLC now owns 85,622 shares of the company’s stock valued at $7,050,000 after purchasing an additional 73,298 shares during the period. Norges Bank acquired a new stake in Sysco during the second quarter worth approximately $493,686,000. AE Wealth Management LLC increased its holdings in Sysco by 320.9% in the third quarter. AE Wealth Management LLC now owns 79,589 shares of the company’s stock worth $6,553,000 after purchasing an additional 60,680 shares in the last quarter. Krilogy Financial LLC increased its holdings in Sysco by 65.6% in the third quarter. Krilogy Financial LLC now owns 42,435 shares of the company’s stock worth $3,494,000 after purchasing an additional 16,807 shares in the last quarter. Finally, Accurate Wealth Management LLC acquired a new position in Sysco in the third quarter valued at approximately $2,497,000. Institutional investors own 83.41% of the company’s stock.

Sysco Price Performance

Shares of NYSE SYY opened at $85.43 on Friday. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $91.85. The stock has a market cap of $40.92 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.64 and a beta of 0.58. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30. The firm’s 50-day simple moving average is $83.45 and its 200 day simple moving average is $79.52.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $20.76 billion during 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%.The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, research analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company 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 dividend of $0.54 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.16 annualized dividend and a yield of 2.5%. Sysco’s payout ratio is 58.06%.

Insider Transactions at Sysco

In other news, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total value of $453,681.00. Following the transaction, the executive vice president owned 35,965 shares in the company, valued at $2,913,165. The trade was a 13.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sheila Talton sold 2,801 shares of the company’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 completion of the transaction, the director directly owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. This represents a 17.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. UBS Group raised their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Wells Fargo & Company increased their target price on shares of Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Jefferies Financial Group raised their price target on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Argus raised shares of Sysco to a “hold” rating in a research note on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.