UniSuper Management Pty Ltd Has $4.15 Million Holdings in Sysco Corporation $SYY

UniSuper Management Pty Ltd grew its holdings in Sysco Corporation (NYSE:SYY) by 15.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,395 shares of the company’s stock after acquiring an additional 6,814 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Sysco were worth $4,150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Intech Investment Management LLC increased its holdings in shares of Sysco by 53.1% during the 1st quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock worth $1,674,000 after purchasing an additional 7,742 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of Sysco by 84.6% in the second quarter. AdvisorNet Financial Inc now owns 504 shares of the company’s stock valued at $38,000 after buying an additional 231 shares during the period. Patton Fund Management Inc. acquired a new stake in Sysco during the second quarter worth about $235,000. LVW Advisors LLC increased its stake in Sysco by 8.8% during the second quarter. LVW Advisors LLC now owns 3,387 shares of the company’s stock valued at $257,000 after acquiring an additional 275 shares during the period. Finally, Stockman Wealth Management Inc. increased its stake in Sysco by 4.2% during the second quarter. Stockman Wealth Management Inc. now owns 115,875 shares of the company’s stock valued at $8,776,000 after acquiring an additional 4,689 shares during the period. Institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on SYY. Citigroup reduced their price objective on Sysco from $82.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, January 7th. Sanford C. Bernstein initiated coverage on Sysco in a research report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 target price for the company. Morgan Stanley decreased their price target on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Piper Sandler dropped their price objective on shares of Sysco from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. Finally, Barclays raised their price objective on shares of Sysco from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sysco currently has an average rating of “Moderate Buy” and an average target price of $85.75.

Sysco Stock Performance

Sysco stock opened at $76.18 on Monday. The firm has a market capitalization of $36.48 billion, a P/E ratio of 20.42, a P/E/G ratio of 2.51 and a beta of 0.61. The stock has a fifty day moving average price of $74.97 and a two-hundred day moving average price of $77.74. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.65.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, topping 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 business had revenue of $21.15 billion for the quarter, compared to analyst estimates of $21.03 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The firm’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. As a group, analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd were paid a $0.54 dividend. The ex-dividend date was Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.8%. Sysco’s payout ratio is 57.91%.

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.