Sysco Corporation $SYY Stock Holdings Raised by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. increased its stake in Sysco Corporation (NYSE:SYY) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,869 shares of the company’s stock after buying an additional 7,657 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Sysco were worth $6,740,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Capital Investment Advisors LLC increased its holdings in Sysco by 1.4% during the third quarter. Capital Investment Advisors LLC now owns 9,727 shares of the company’s stock worth $758,000 after buying an additional 133 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in Sysco by 1.3% during the third quarter. Kingswood Wealth Advisors LLC now owns 11,356 shares of the company’s stock worth $885,000 after acquiring an additional 144 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Sysco by 7.0% in the second quarter. Parkside Financial Bank & Trust now owns 2,241 shares of the company’s stock valued at $187,000 after acquiring an additional 147 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in Sysco by 2.1% in the third quarter. Pinnacle Associates Ltd. now owns 7,399 shares of the company’s stock valued at $577,000 after acquiring an additional 150 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC grew its position in shares of Sysco by 0.7% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 20,679 shares of the company’s stock valued at $1,612,000 after acquiring an additional 151 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insiders Place Their Bets

In related news, Director Thomas Gerard Ondrof bought 2,500 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was purchased at an average cost of $76.62 per share, for a total transaction of $191,550.00. Following the transaction, the director owned 2,500 shares in the company, valued at $191,550. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ronald L. Phillips sold 7,350 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $83.61, for a total value of $614,533.50. Following the sale, the executive vice president owned 38,650 shares of the company’s stock, valued at approximately $3,231,526.50. The trade was a 15.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 15,525 shares of company stock worth $1,299,736. Corporate insiders own 0.55% of the company’s stock.

Sysco News Roundup

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Director Thomas Gerard Ondrof bought 2,500 shares at an average price of $76.62, a modest insider-purchase signal. SEC insider transaction filing
• Neutral Sentiment: UBS said Sysco’s execution remains on track despite first-quarter challenges, offering a more constructive view of operations. UBS commentary
• Negative Sentiment: Sysco’s quarterly revenue missed analysts’ expectations, and reports cited softer sales guidance as the main reason investors reacted poorly. Adjusted EPS matched consensus at $1.19, while revenue grew 2.8% year over year to $21.74 billion. Earnings and guidance report
• Negative Sentiment: The planned $29.1 billion Jetro Restaurant Depot acquisition remains subject to FTC clearance. A shareholder-investigation notice highlighted potential regulatory and cost exposure, adding uncertainty around the deal. Investigation notice
• Negative Sentiment: Citigroup lowered its price target to $84 from $87 and kept a neutral rating; JPMorgan also reduced its target, to $92 from $95. Both targets remain above the cited share price, but the cuts signal more cautious expectations. Citigroup rating information JPMorgan price-target update

Sysco Stock Performance

SYY opened at $75.14 on Friday. The business has a fifty day simple moving average of $80.00 and a 200 day simple moving average of $80.49. The company has a market capitalization of $36.96 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 2.17 and a beta of 0.66. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.46 and a quick ratio of 0.77.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.19. Sysco had a net margin of 2.12% and a return on equity of 79.24%. The firm had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $22.02 billion. During the same quarter in the previous year, the firm posted $1.15 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Research analysts expect that Sysco Corporation will post 5.06 EPS for the current year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 2nd were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. Sysco’s dividend payout ratio is currently 60.11%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Sysco from $86.00 to $89.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Weiss Ratings cut shares of Sysco from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Sysco from $95.00 to $92.00 in a research note on Wednesday. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Finally, Bank of America lifted their price target on Sysco from $91.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Sysco has a consensus rating of “Moderate Buy” and an average price target of $91.13.

About Sysco

Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.

The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.

Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.