Ninety One UK 13F: New $166M Stake in Sysco (SYY)

Ninety One UK has built a brand-new stake in Sysco Corporation (NYSE: SYY), picking up 2,131,238 shares worth about $166,151,319. The institutional investor revealed the new holding in a Form 13F filing submitted to the Securities and Exchange Commission on October 15, 2026. Because 13F reports look backward at the previous quarter's holdings, this filing shows what the fund owned at that time and may not reflect its current position today.

Inside Ninety One UK's Sysco Trade

The fund opened a fresh position in the food distributor during the period, adding 2,131,238 shares to its portfolio. The total reported value of the new holding reached $166,151,319. This investment adds to a busy reporting season for Ninety One UK, which also recently adjusted stakes in companies like Zillow Group and Nu Holdings.

Other Institutional Activity in Sysco

Other major institutional investors also tweaked their positions in the food distributor. Blackrock Inc. grew its holdings by 3,242,585 shares, ending with 43,028,910 shares worth about $3,537,837,032. Vanguard Capital Management LLC grew its holdings by 115,114 shares, ending with 31,227,007 shares worth about $2,567,484,553. State Street Corporation reduced its holdings by 100,699 shares, ending with 27,115,261 shares worth about $2,229,416,792. Vanguard Portfolio Management LLC grew its holdings by 181,999 shares, ending with 26,946,494 shares worth about $2,215,540,769. Harris Associates L.P. grew its holdings by 5,283,271 shares, ending with 16,292,380 shares worth about $1,339,559,503.

Sysco Corporation Stock Down 0.7%

The company's shares recently traded around $81.61. That price puts the stock up about 1.0% compared to its 50-day moving average of $80.77 and up about 2.0% compared to its 200-day moving average of $80.03. Shares sit about 11.1% below their 52-week high of $91.85 and about 19.7% above their 52-week low of $68.19.

Recent Earnings

For its trailing twelve months, the company reported $84,552,998,912 in revenue and earnings of $3.66 per share. Sysco is scheduled to release its next quarterly financial update on November 3, 2026.

Dividend

Sysco pays an annual dividend of $2.20 per share, giving shareholders a dividend yield of 2.68% based on recent trading levels. The payout accounts for 59.3% of the company's earnings.

Insider Buying and Selling at Sysco Corporation

Company insiders were active in the market prior to the filing. Ronald L Phillips, an officer at the company, sold 6,652 shares on August 11, 2026, for a total value of $558,167. Later, on August 24, 2026, Phillips sold another 7,856 shares valued at $657,083. On September 14, 2026, Phillips sold an additional 1,017 shares worth $84,486.

Analysts Set New Price Targets

Wall Street firms have updated their views on the stock ahead of the earnings release. On August 5, 2026, UBS maintained its Buy rating and raised its price target from $90.00 to $95.00. On the same day, Citigroup maintained a Neutral rating while lifting its target from $82.00 to $86.00. Piper Sandler also maintained a Neutral rating on August 5, 2026, boosting its target from $77.00 to $84.00. Later, on September 29, 2026, JP Morgan maintained an Overweight rating while adjusting its target from $100.00 to $95.00. Morgan Stanley maintained an Equal-Weight rating on October 15, 2026, raising its target from $88.00 to $91.00.

About Sysco Corporation

Sysco Corporation operates as a global food distributor, supplying food and related products to restaurants, healthcare facilities, schools, and lodging providers. The company manages a massive supply network across multiple segments to deliver items to commercial kitchens worldwide.

Bottom Line

Investors will look toward Sysco's upcoming earnings report on November 3, 2026, for clues on demand and profit margins. Future 13F filings will show whether Ninety One UK continues to hold or build upon its newly established position.