SBI Okasan Asset Management Co.Ltd. Invests $625,000 in Sysco Corporation $SYY

SBI Okasan Asset Management Co.Ltd. bought a new position in Sysco Corporation (NYSE:SYY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,400 shares of the company’s stock, valued at approximately $625,000.

Other hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas boosted its stake in shares of Sysco by 8.0% in the fourth quarter. Teacher Retirement System of Texas now owns 370,571 shares of the company’s stock worth $27,307,000 after buying an additional 27,510 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Sysco by 9.5% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 412,423 shares of the company’s stock worth $30,445,000 after purchasing an additional 35,647 shares in the last quarter. Nicholas Company Inc. purchased a new position in Sysco during the fourth quarter worth approximately $2,278,000. AE Wealth Management LLC boosted its position in Sysco by 320.9% during the third quarter. AE Wealth Management LLC now owns 79,589 shares of the company’s stock worth $6,553,000 after purchasing an additional 60,680 shares in the last quarter. Finally, Krilogy Financial LLC boosted its position in Sysco by 65.6% during the third quarter. Krilogy Financial LLC now owns 42,435 shares of the company’s stock worth $3,494,000 after purchasing an additional 16,807 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Activity at Sysco

In related news, Director John M. Hinshaw bought 13,304 shares of Sysco stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the purchase, the director owned 40,200 shares in the company, valued at $3,021,834. This represents a 49.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is owned by company insiders.

Sysco Stock Performance

Shares of SYY stock opened at $75.98 on Friday. The stock has a market capitalization of $36.33 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 3.10 and a beta of 0.66. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85. The stock’s 50-day moving average price is $75.17 and its 200 day moving average price is $78.10. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). The business had revenue of $20.52 billion for the quarter, compared to analyst estimates of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. 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 EPS for the current year.

Sysco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. This is a positive change from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. Sysco’s dividend payout ratio is presently 59.83%.

Analyst Ratings Changes

Several equities research analysts recently commented on SYY shares. Weiss Ratings cut Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 30th. Citigroup raised their target price on Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Wells Fargo & Company raised their target price on Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Piper Sandler cut 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. Finally, Sanford C. Bernstein cut their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.15.

Sysco Company 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.