Mitsubishi UFJ Asset Management Co. Ltd. Has $84.48 Million Position in Sysco Corporation $SYY

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Sysco Corporation (NYSE:SYY) by 3.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,026,010 shares of the company’s stock after buying an additional 33,990 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Sysco were worth $84,482,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. AlphaCore Capital LLC increased its position in shares of Sysco by 37.7% during the third quarter. AlphaCore Capital LLC now owns 7,298 shares of the company’s stock worth $601,000 after acquiring an additional 1,998 shares in the last quarter. Intech Investment Management LLC lifted its position in Sysco by 7.0% in the 3rd quarter. Intech Investment Management LLC now owns 54,588 shares of the company’s stock valued at $4,495,000 after acquiring an additional 3,576 shares in the last quarter. MAI Capital Management boosted its stake in Sysco by 389.1% in the 3rd quarter. MAI Capital Management now owns 49,674 shares of the company’s stock worth $4,090,000 after purchasing an additional 39,517 shares during the period. TD Asset Management Inc raised its stake in shares of Sysco by 17.4% in the 3rd quarter. TD Asset Management Inc now owns 220,401 shares of the company’s stock valued at $18,148,000 after purchasing an additional 32,729 shares during the period. Finally, Mufg Securities Americas Inc. lifted its holdings in shares of Sysco by 19.9% in the third quarter. Mufg Securities Americas Inc. now owns 12,876 shares of the company’s stock valued at $1,060,000 after purchasing an additional 2,133 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Trading Up 2.3%

SYY opened at $91.13 on Friday. The company has a fifty day moving average price of $81.03 and a two-hundred day moving average price of $79.11. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $91.85. The company has a market cap of $43.64 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 2.77 and a beta of 0.61. 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 (NYSE:SYY) last issued its earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The business 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 firm’s revenue was up 3.0% compared to the same quarter last year. 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. Analysts predict that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, April 2nd. Sysco’s dividend payout ratio (DPR) is currently 58.06%.

Analyst Ratings Changes

SYY has been the topic of several research reports. BMO Capital Markets restated an “outperform” rating on shares of Sysco in a research note on Wednesday, January 28th. Argus upgraded Sysco to a “hold” rating in a research note on Thursday, January 29th. UBS Group lifted their price target on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 price objective on shares of Sysco and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Finally, Morgan Stanley decreased 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 research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Insider Buying and Selling at Sysco

In other news, EVP Ronald L. Phillips sold 5,601 shares of Sysco 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 transaction, the executive vice president directly owned 35,965 shares in the company, valued at $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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. The disclosure for this sale is available in the SEC filing. Company 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.