AG2R LA Mondiale Gestion D Actifs Has $1.49 Million Stock Position in Sysco Corporation $SYY

AG2R LA Mondiale Gestion D Actifs increased its stake in Sysco Corporation (NYSE:SYY) by 5.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 19,701 shares of the company’s stock after purchasing an additional 990 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in Sysco were worth $1,492,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Partners raised its position in Sysco by 24.8% during the first quarter. Boston Partners now owns 15,199,828 shares of the company’s stock worth $1,139,798,000 after acquiring an additional 3,015,714 shares in the last quarter. Nuveen LLC acquired a new position in shares of Sysco during the 1st quarter worth about $85,341,000. Amundi increased its stake in shares of Sysco by 36.5% during the 1st quarter. Amundi now owns 3,725,508 shares of the company’s stock worth $280,941,000 after purchasing an additional 995,498 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Sysco by 1,940.1% in the 1st quarter. Mackenzie Financial Corp now owns 1,016,660 shares of the company’s stock valued at $76,290,000 after purchasing an additional 966,826 shares during the last quarter. Finally, Burgundy Asset Management Ltd. grew 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 purchasing an additional 563,921 shares during the period. 83.41% of the stock is owned by institutional investors.

Sysco Stock Down 1.2%

NYSE SYY opened at $77.30 on Friday. The company has a market cap of $36.99 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 2.39 and a beta of 0.82. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $83.47. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. The company has a 50 day moving average of $80.53 and a 200-day moving average of $76.84.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. The firm had revenue of $21.14 billion for the quarter, compared to analyst estimates of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 3rd were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $2.16 annualized dividend and a yield of 2.8%. Sysco’s dividend payout ratio is currently 57.91%.

Analysts Set New Price Targets

Several research firms have issued reports on SYY. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group set a $90.00 price target on Sysco in a research note on Wednesday, July 30th. Guggenheim lifted their price objective on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Morgan Stanley set a $88.00 price objective on shares of Sysco in a report on Tuesday. Finally, Sanford C. Bernstein began coverage on shares of Sysco in a research note on Wednesday. They set a “market perform” rating and a $83.00 target price for the company. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were 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 trade represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 14,732 shares of company stock worth $1,193,245 in the last 90 days. Corporate insiders own 0.56% of the company’s stock.

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.