Fideuram Asset Management Ireland dac Takes Position in Sysco Corporation $SYY

Fideuram Asset Management Ireland dac bought a new stake in Sysco Corporation (NYSE:SYY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 72,664 shares of the company’s stock, valued at approximately $5,456,000.

A number of other hedge funds have also made changes to their positions in the business. National Pension Service raised its stake in shares of Sysco by 1.6% in the 4th quarter. National Pension Service now owns 836,452 shares of the company’s stock valued at $61,638,000 after acquiring an additional 13,533 shares during the period. Rothschild Investment LLC raised its stake in shares of Sysco by 10.2% in the 4th quarter. Rothschild Investment LLC now owns 7,220 shares of the company’s stock valued at $532,000 after acquiring an additional 671 shares during the period. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Sysco in the 4th quarter valued at $625,000. Moors & Cabot Inc. raised its stake in shares of Sysco by 64.7% in the 4th quarter. Moors & Cabot Inc. now owns 38,022 shares of the company’s stock valued at $2,802,000 after acquiring an additional 14,934 shares during the period. Finally, EagleClaw Capital Managment LLC raised its stake in shares of Sysco by 0.3% in the 4th quarter. EagleClaw Capital Managment LLC now owns 44,485 shares of the company’s stock valued at $3,278,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SYY. Barclays cut their target price on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Citigroup raised their target price on shares of Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Weiss Ratings downgraded shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft downgraded shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a research note on Tuesday, April 28th. Finally, UBS Group cut their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.15.

Sysco Price Performance

SYY opened at $75.88 on Friday. The company has a fifty day simple moving average of $75.30 and a 200 day simple moving average of $78.12. The firm has a market cap of $36.28 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 3.07 and a beta of 0.66. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58.

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

Sysco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a positive change from Sysco’s previous quarterly dividend of $0.54. Sysco’s dividend payout ratio (DPR) is 59.83%.

Insiders Place Their Bets

In other news, Director John M. Hinshaw purchased 13,304 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the acquisition, the director owned 40,200 shares in the company, valued at approximately $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.