Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes $608,000 Position in Sysco Corporation $SYY

by · The Cerbat Gem

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Sysco Corporation (NYSE:SYY – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,255 shares of the company’s stock, valued at approximately $608,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SYY. Jackson Grant Investment Advisers Inc. purchased a new position in shares of Sysco in the 3rd quarter valued at approximately $25,000. Lloyd Advisory Services LLC. purchased a new position in shares of Sysco in the 4th quarter valued at approximately $25,000. Torren Management LLC purchased a new position in shares of Sysco in the 4th quarter valued at approximately $27,000. Elyxium Wealth LLC purchased a new position in shares of Sysco in the 4th quarter valued at approximately $28,000. Finally, Navalign LLC purchased a new position in shares of Sysco in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

SYY has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Jefferies Financial Group lifted their price objective on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Sanford C. Bernstein lowered their price objective 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. Finally, Citigroup lifted their price objective on Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sysco presently has an average rating of “Moderate Buy” and an average price target of $88.15.

Read Our Latest Report on SYY

Sysco Stock Down 0.9%

Sysco stock opened at $76.30 on Friday. The firm has a market cap of $36.49 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 3.12 and a beta of 0.66. The stock has a fifty day simple moving average of $76.03 and a two-hundred day simple moving average of $78.02. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58.

Sysco (NYSE:SYY – Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Equities analysts predict that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

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

Sysco Company Profile

(Free Report)

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.

See Also

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