Sanctuary Advisors LLC raised its position in shares of Sysco Corporation (NYSE:SYY – Free Report) by 8.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 76,929 shares of the company’s stock after buying an additional 6,261 shares during the period. Sanctuary Advisors LLC’s holdings in Sysco were worth $5,487,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas grew its holdings in shares of Sysco by 8.0% in the fourth quarter. Teacher Retirement System of Texas now owns 370,571 shares of the company’s stock valued at $27,307,000 after purchasing an additional 27,510 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Sysco by 9.5% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 412,423 shares of the company’s stock valued at $30,445,000 after buying an additional 35,647 shares during the period. Nicholas Company Inc. acquired a new position in shares of Sysco in the fourth quarter worth $2,278,000. Nordea Investment Management AB increased its position in shares of Sysco by 38.8% during the fourth quarter. Nordea Investment Management AB now owns 1,952,615 shares of the company’s stock worth $144,552,000 after acquiring an additional 545,688 shares during the period. Finally, Norges Bank acquired a new stake in shares of Sysco in the fourth quarter valued at $542,780,000. 83.41% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Sysco
In other Sysco news, Director John M. Hinshaw purchased 13,304 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the acquisition, the director directly owned 40,200 shares of the company’s stock, valued at $3,021,834. This trade represents a 49.46% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is owned by company insiders.
Sysco Stock Down 0.8%
Sysco (NYSE:SYY – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business had revenue of $20.52 billion for the quarter, compared to analyst estimates of $20.56 billion. During the same period in the prior year, the company posted $0.96 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, sell-side analysts expect that Sysco Corporation will post 4.59 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on SYY. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a report on Friday, June 26th. Melius Research lowered Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft cut Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a research note on Tuesday, April 28th. Piper Sandler cut their target price on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Finally, UBS Group reduced their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sysco has an average rating of “Hold” and an average target price of $88.00.
Read Our Latest Research Report on Sysco
Sysco 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.
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