Banque Cantonale Vaudoise Raises Position in Sysco Corporation $SYY

Banque Cantonale Vaudoise lifted its holdings in Sysco Corporation (NYSE:SYY) by 301.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,828 shares of the company’s stock after purchasing an additional 12,641 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Sysco were worth $1,200,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Sysco in the fourth quarter valued at about $542,780,000. Wellington Management Group LLP raised its position in shares of Sysco by 3,977.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock valued at $387,935,000 after purchasing an additional 4,595,819 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Sysco by 45.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,651,682 shares of the company’s stock valued at $416,472,000 after purchasing an additional 1,754,306 shares during the last quarter. Marshall Wace LLP boosted its stake in Sysco by 102.6% in the 3rd quarter. Marshall Wace LLP now owns 2,359,471 shares of the company’s stock worth $194,279,000 after purchasing an additional 1,194,815 shares in the last quarter. Finally, Suvretta Capital Management LLC purchased a new stake in Sysco during the 4th quarter worth approximately $79,864,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Up 2.5%

SYY stock opened at $82.83 on Friday. The firm’s fifty day simple moving average is $76.01 and its 200-day simple moving average is $78.52. The company has a market capitalization of $39.61 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85.

Sysco (NYSE:SYY) last released its quarterly earnings data 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). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.56 billion. During the same quarter in the previous year, the company earned $0.96 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, equities research analysts forecast that Sysco Corporation will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 annualized dividend and a yield of 2.7%. This is an increase from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is 59.83%.

Insider Buying and Selling at Sysco

In related news, Director John M. Hinshaw bought 13,304 shares of the stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the purchase, the director directly owned 40,200 shares of the company’s stock, valued at $3,021,834. This represents a 49.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SYY shares. Citigroup upped their price target 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. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Piper Sandler reduced their target price on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Sanford C. Bernstein lowered 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, Weiss Ratings downgraded Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and a consensus target price of $88.15.

Sysco Profile

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.