Sysco Corporation $SYY Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in Sysco Corporation (NYSE:SYYFree Report) by 1.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 453,842 shares of the company’s stock after selling 6,520 shares during the period. PNC Financial Services Group Inc.’s holdings in Sysco were worth $32,373,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Lloyd Advisory Services LLC. acquired a new position in Sysco in the fourth quarter valued at $25,000. Motiv8 Investments LLC acquired a new stake in shares of Sysco in the 4th quarter valued at about $25,000. Torren Management LLC acquired a new position in Sysco during the fourth quarter worth approximately $27,000. Bard Associates Inc. acquired a new stake in shares of Sysco in the fourth quarter valued at approximately $27,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Sysco during the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on SYY shares. Morgan Stanley upped their price target on shares of Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. UBS Group lowered their price target on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Piper Sandler reduced their price objective on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Barclays lowered their target price on Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Finally, Melius Research downgraded Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sysco currently has a consensus rating of “Hold” and an average price target of $88.00.

Get Our Latest Report on Sysco

Insider Buying and Selling

In related news, Director John M. Hinshaw bought 13,304 shares of the stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the transaction, the director owned 40,200 shares of the company’s stock, valued at $3,021,834. This represents a 49.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Sysco Trading Up 1.6%

Shares of SYY stock opened at $83.07 on Friday. The business’s fifty day moving average price is $79.52 and its 200 day moving average price is $79.73. The firm has a market capitalization of $39.77 billion, a PE ratio of 23.01, a P/E/G ratio of 3.22 and a beta of 0.64. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85.

Sysco (NYSE:SYYGet Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.94 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 company had revenue of $20.52 billion for the quarter, compared to analysts’ expectations of $20.56 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Sysco’s revenue for the quarter was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, sell-side analysts forecast that Sysco Corporation will post 4.59 EPS for the current fiscal year.

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.

Further Reading

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Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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