Mediolanum International Funds Ltd Sells 20,292 Shares of Sysco Corporation $SYY

Mediolanum International Funds Ltd trimmed its stake in Sysco Corporation (NYSE:SYY) by 5.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 337,688 shares of the company’s stock after selling 20,292 shares during the period. Mediolanum International Funds Ltd’s holdings in Sysco were worth $23,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of SYY. Norges Bank purchased a new stake in shares of Sysco in the fourth quarter valued at approximately $542,780,000. Wellington Management Group LLP increased its stake in shares of Sysco by 3,977.1% during the third quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock valued at $387,935,000 after buying an additional 4,595,819 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Sysco by 45.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,651,682 shares of the company’s stock valued at $416,472,000 after acquiring an additional 1,754,306 shares in the last quarter. Marshall Wace LLP lifted its stake in Sysco by 102.6% in the third quarter. Marshall Wace LLP now owns 2,359,471 shares of the company’s stock worth $194,279,000 after acquiring an additional 1,194,815 shares during the period. Finally, Suvretta Capital Management LLC bought a new position in Sysco during the 4th quarter worth about $79,864,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director John M. Hinshaw purchased 13,304 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the transaction, the director owned 40,200 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by company insiders.

Sysco Price Performance

NYSE SYY opened at $81.62 on Friday. The firm’s fifty day simple moving average is $78.63 and its two-hundred day simple moving average is $79.45. The firm has a market capitalization of $39.03 billion, a P/E ratio of 22.61, a P/E/G ratio of 3.11 and a beta of 0.64. 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 Corporation has a 12-month low of $68.19 and a 12-month high of $91.85.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). The business had revenue of $20.52 billion for 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 business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Analysts forecast that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SYY shares. Melius Research downgraded shares of Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Citigroup lifted their price objective on shares of Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Piper Sandler cut their price target on Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Sanford C. Bernstein reduced their price target on Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research report on Tuesday, April 28th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sysco currently has an average rating of “Hold” and an average target price of $88.00.

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.