Legal & General Group Plc Has $200.26 Million Holdings in Sysco Corporation $SYY

Legal & General Group Plc cut its position in shares of Sysco Corporation (NYSE:SYY) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,644,077 shares of the company’s stock after selling 80,391 shares during the period. Legal & General Group Plc owned 0.55% of Sysco worth $200,262,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SYY. Boston Partners lifted its stake in Sysco by 24.8% in the first quarter. Boston Partners now owns 15,199,828 shares of the company’s stock valued at $1,139,798,000 after acquiring an additional 3,015,714 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Sysco by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after purchasing an additional 1,226,381 shares in the last quarter. Nuveen LLC bought a new position in shares of Sysco during the 1st quarter valued at $85,341,000. Amundi lifted its stake in shares of Sysco by 36.5% in the 1st quarter. Amundi now owns 3,725,508 shares of the company’s stock valued at $280,941,000 after purchasing an additional 995,498 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Sysco by 1,940.1% in the first quarter. Mackenzie Financial Corp now owns 1,016,660 shares of the company’s stock worth $76,290,000 after purchasing an additional 966,826 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Price Performance

Shares of NYSE:SYY opened at $76.70 on Monday. The company has a market cap of $36.73 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.19 and a beta of 0.79. The business has a 50 day moving average price of $78.28 and a 200 day moving average price of $77.46. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The company had revenue of $21.15 billion during the quarter, compared to analyst estimates of $21.03 billion. During the same period in the previous year, the company earned $1.09 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Research analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 2nd will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, January 2nd. Sysco’s dividend payout ratio is presently 57.91%.

Insider Transactions at Sysco

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

Analysts Set New Price Targets

Several research firms have commented on SYY. Weiss Ratings reissued a “hold (c)” rating on shares of Sysco in a research report on Wednesday. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Guggenheim boosted their target price on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Barclays upped their target price on Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Sanford C. Bernstein started coverage on shares of Sysco in a research report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.