Ninety One North America 13F: New $2.8M Stake in Sysco (SYY)

Ninety One North America has opened a brand-new position in Sysco Corporation (NYSE: SYY), picking up 35,987 shares during the period. The stake carried an estimated value of $2,805,547 at the time of the report.

Inside Ninety One North America's Sysco Trade

The fund established its new holding with 35,987 shares, going from zero prior shares up to the current reported count. Because 13F filings look backward at previous quarters, this disclosure filed on October 15, 2026, shows where the fund stood at the end of the period and might not match its current portfolio today.

Other Institutional Activity in Sysco

Blackrock Inc. grew its holdings by 3,242,585 shares, ending with 43,028,910 shares worth about $3.5 billion. Vanguard Capital Management LLC added 115,114 shares for a total of 31,227,007 shares valued at about $2.6 billion. State Street Corporation trimmed its stake by 100,699 shares to hold 27,115,261 shares worth roughly $2.2 billion. Vanguard Portfolio Management LLC increased its holdings by 181,999 shares, finishing with 26,946,494 shares valued at $2.2 billion. Harris Associates L.P. raised its stake by 5,283,271 shares, ending with 16,292,380 shares worth about $1.4 billion.

Sysco Corporation Stock Down 0.7%

Sysco shares recently traded around $81.61 as of October 16, 2026. The stock sits above its 50-day moving average of $80.77 and its 200-day moving average of $80.03, while trading 11.1% below its 52-week high of $91.85.

Recent Earnings

Sysco pulled in $84.6 billion in trailing twelve-month revenue alongside a year-over-year revenue growth rate of 4.7%. The food distributor posted an earnings per share of $3.66, a net profit margin of 2.1%, and a return on equity of 77.7%. Investors look ahead to the company's upcoming earnings report on November 3, 2026, for fresh insights into financial performance.

Dividend

Sysco pays an annual dividend rate of $2.20 per share, giving it a dividend yield of 2.68% based on recent pricing. The payout ratio sits at 59.3% of earnings.

Insider Buying and Selling at Sysco Corporation

Company insiders were active in the market prior to the filing. Officer Ronald L. Phillips sold 6,652 shares on August 11, 2026, for a total value of $558,167, followed by another sale of 7,856 shares on August 24, 2026, worth $657,083. Phillips later sold 1,017 shares on September 14, 2026, for $84,486.

Analysts Set New Price Targets

Wall Street firms updated their stances ahead of the filing cycle. On August 5, 2026, UBS maintained a Buy rating while raising its price target from $90.00 to $95.00. Citigroup maintained a Neutral rating on August 5, 2026, moving its target from $82.00 to $86.00. Piper Sandler maintained a Neutral rating on August 5, 2026, lifting its target from $77.00 to $84.00. JP Morgan maintained an Overweight rating on September 29, 2026, adjusting its target from $100.00 down to $95.00. Finally, Morgan Stanley maintained an Equal-Weight rating on October 15, 2026, setting a target of $91.00. Overall, Sysco holds a consensus buy rating among analysts with a mean price target of $91.08 across 12 analyst opinions.

About Sysco Corporation

Sysco Corporation operates out of Houston, Texas, supplying food and related products to restaurants, healthcare facilities, and educational institutions. The company plays a central role in the food service supply chain, making institutional ownership trends a close watch for sector participants.

Bottom Line

Ninety One North America's new position highlights ongoing institutional interest in the food distributor. Market participants will watch the upcoming November 3 earnings release for updates on operating margins and demand trends. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.