Skandinaviska Enskilda Banken AB publ Purchases 36,306 Shares of Sysco Corporation $SYY

Skandinaviska Enskilda Banken AB publ lifted its stake in Sysco Corporation (NYSE:SYY) by 34.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,664 shares of the company’s stock after purchasing an additional 36,306 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Sysco were worth $11,582,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Harbor Capital Advisors Inc. raised its stake in Sysco by 75.0% during the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after buying an additional 135 shares during the last quarter. Peterson Wealth Services grew its position in shares of Sysco by 875.7% during the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after acquiring an additional 324 shares during the period. Darwin Wealth Management LLC bought a new position in shares of Sysco during the 2nd quarter valued at approximately $31,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of Sysco by 94.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after acquiring an additional 204 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in Sysco by 234.3% during the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $35,000 after acquiring an additional 321 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 5,601 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following 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 legal filing with the SEC, which is available through this hyperlink. Also, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the sale, the director owned 12,868 shares in the company, valued at $1,067,915.32. This represents a 17.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SYY. Citigroup lifted their price objective on shares of Sysco from $81.00 to $88.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Guggenheim upped their price objective on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. raised their target price on shares of Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Finally, Jefferies Financial Group boosted their price objective on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.69.

Sysco Price Performance

SYY stock opened at $89.31 on Thursday. Sysco Corporation has a one year low of $67.12 and a one year high of $91.85. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. The firm has a market capitalization of $42.78 billion, a PE ratio of 24.01, a P/E/G ratio of 2.79 and a beta of 0.61. The firm has a 50-day moving average of $78.95 and a two-hundred day moving average of $78.63.

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

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.