State Street Corp Amends Sysco Stake, Maintains Passive Position
Ticker: SYY · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 96021
| Field | Detail |
|---|---|
| Company | Sysco Corp (SYY) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: SYY
TL;DR
**State Street still owns Sysco stock, no big changes.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 25, 2024, disclosing its ownership of Sysco Corp common stock as of December 31, 2023. This filing indicates that State Street continues to hold a significant, though passive, stake in Sysco, a leading food distributor. For investors, this means a large institutional player maintains confidence in Sysco, which can be a positive signal, but it doesn't suggest any immediate strategic changes or activist involvement from State Street.
Why It Matters
This filing confirms a major institutional investor's continued, passive ownership in Sysco, providing a baseline of institutional confidence without signaling any new strategic moves.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any new significant risks or opportunities.
Analyst Insight
Investors should view this as a routine update confirming institutional presence, not a signal for immediate buying or selling. It reinforces that a major player sees value in Sysco, but without any activist intent.
Key Numbers
- 871829107 — CUSIP Number (identifies Sysco Corp's common stock)
- 04-2456637 — IRS Identification Number (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Sysco Corp (company) — the subject company whose common stock is being reported
- 0000093751-24-000271 (dollar_amount) — the accession number for the filing
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date
Forward-Looking Statements
- State Street Corporation will likely maintain a passive investment stance in Sysco Corp. (State Street Corporation) — high confidence, target: next 12 months
- Sysco Corp's stock price will not be significantly impacted by this routine filing. (Sysco Corp) — high confidence, target: next 30 days
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by institutional investors who own more than 5% of a company's stock but do not intend to influence or control the company. The '/A' indicates it's an amendment to a previously filed statement, updating the ownership information as of December 31, 2023.
Who filed this specific SC 13G/A?
This SC 13G/A was filed by State Street Corporation, a financial institution based in Boston, Massachusetts, with IRS Identification No. 04-2456637.
Which company's stock is the subject of this filing?
The subject company is Sysco Corp, a wholesale groceries and related products company with CIK 0000096021, whose common stock is identified by CUSIP number 871829107.
What was the 'Date of Event Which Requires Filing of This Statement'?
The date of the event which required the filing of this statement was December 31, 2023, indicating the ownership position as of the end of the last calendar year.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1 (B), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding SYSCO CORP (SYY).