Nordwand Advisors LLC Takes Position in Sysco Corporation $SYY

Nordwand Advisors LLC bought a new position in shares of Sysco Corporation (NYSE:SYY) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 57,336 shares of the company’s stock, valued at approximately $4,343,000.

Several other large investors have also recently bought and sold shares of SYY. Boston Partners increased its position in shares of Sysco by 24.8% during the 1st quarter. Boston Partners now owns 15,199,828 shares of the company’s stock worth $1,139,798,000 after purchasing an additional 3,015,714 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Sysco in the 1st quarter valued at approximately $85,341,000. Amundi grew its stake in shares of Sysco by 36.5% in the first quarter. Amundi now owns 3,725,508 shares of the company’s stock valued at $280,941,000 after buying an additional 995,498 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Sysco by 1,940.1% during the first quarter. Mackenzie Financial Corp now owns 1,016,660 shares of the company’s stock worth $76,290,000 after buying an additional 966,826 shares during the last quarter. Finally, Burgundy Asset Management Ltd. increased its holdings in Sysco by 38.8% during the first quarter. Burgundy Asset Management Ltd. now owns 2,015,994 shares of the company’s stock worth $151,280,000 after buying an additional 563,921 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the transaction, the executive vice president directly owned 41,501 shares of the company’s stock, valued at $3,361,581. This represents a 2.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.

Sysco Stock Performance

Shares of SYY stock opened at $75.15 on Tuesday. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.47. The company has a market capitalization of $35.99 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 2.19 and a beta of 0.79. The company has a 50-day simple moving average of $78.68 and a 200 day simple moving average of $77.30. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.70 and a current ratio of 1.15.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The firm had revenue of $21.15 billion for the quarter, compared to analysts’ expectations of $21.03 billion. During the same period in the prior year, the firm earned $1.09 EPS. The business’s revenue was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, sell-side analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 2nd will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is presently 57.91%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sysco in a report on Thursday. Truist Financial raised their target price on shares of Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. UBS Group set a $90.00 price target on Sysco in a research report on Wednesday, July 30th. Finally, Sanford C. Bernstein started coverage on Sysco in a research note on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Sysco Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.