DMKC Advisory Services LLC lifted its stake in Sysco Corporation (NYSE:SYY – Free Report) by 15.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 50,338 shares of the company’s stock after purchasing an additional 6,887 shares during the quarter. Sysco comprises about 0.8% of DMKC Advisory Services LLC’s holdings, making the stock its 29th biggest position. DMKC Advisory Services LLC’s holdings in Sysco were worth $4,207,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Intech Investment Management LLC lifted its holdings in Sysco by 53.1% during the first quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock valued at $1,674,000 after purchasing an additional 7,742 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in shares of Sysco by 24.1% in the second quarter. Schnieders Capital Management LLC. now owns 10,310 shares of the company’s stock worth $781,000 after purchasing an additional 2,000 shares during the period. NewEdge Advisors LLC increased its stake in shares of Sysco by 62.4% in the second quarter. NewEdge Advisors LLC now owns 35,447 shares of the company’s stock worth $2,685,000 after purchasing an additional 13,616 shares in the last quarter. Sei Investments Co. increased its stake in shares of Sysco by 14.2% in the second quarter. Sei Investments Co. now owns 344,504 shares of the company’s stock worth $26,092,000 after purchasing an additional 42,903 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Sysco by 0.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 226,648 shares of the company’s stock valued at $17,166,000 after purchasing an additional 1,710 shares during the period. 83.41% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently weighed in on SYY. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a report on Friday, June 26th. Sanford C. Bernstein dropped their price objective on Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Barclays decreased 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 cut shares of Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $89.50.
Sysco Trading Up 1.8%
SYY stock opened at $84.25 on Thursday. The firm has a fifty day moving average price of $80.97 and a 200 day moving average price of $80.32. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. The firm has a market cap of $40.33 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 3.18 and a beta of 0.64. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.80 and a current ratio of 1.28.
Sysco (NYSE:SYY – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.51 by $0.02. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The business had revenue of $22.12 billion during the quarter, compared to analyst estimates of $21.95 billion. During the same quarter last year, the business earned $1.48 earnings per share. Sysco’s quarterly revenue was up 4.7% compared to the same quarter last year. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. Sell-side analysts anticipate that Sysco Corporation will post 5.08 earnings per share for the current fiscal year.
Key Headlines Impacting Sysco
Here are the key news stories impacting Sysco this week:
- Positive Sentiment: Quarterly results exceeded expectations. Sysco reported fiscal Q4 revenue of $22.12 billion, above the $21.95 billion consensus estimate, while adjusted EPS of $1.53 topped expectations of $1.51 and increased from $1.48 a year earlier. Sales rose 4.7%, supported by 2.5% U.S. case-volume growth and stronger local and international customer demand. Reuters earnings report
- Positive Sentiment: Fiscal 2027 guidance was above Wall Street expectations. Sysco forecast adjusted EPS of $5.025-$5.117, compared with a $4.96 consensus, and revenue of $89.6-$90.5 billion versus an $88.7 billion estimate. The outlook calls for 6%-7% sales growth and 9%-11% adjusted EPS growth, helped by approximately $100 million in planned cost reductions and AI-enabled productivity initiatives. Sysco fiscal 2026 results and fiscal 2027 guidance
- Positive Sentiment: Profitability and shareholder returns provided additional support. Q4 operating income increased 10.6% to $983 million, and Sysco returned roughly $1.2 billion to shareholders through dividends and repurchases during fiscal 2026.
- Neutral Sentiment: Citigroup raised its price target but maintained a neutral rating. The firm increased its target on SYY from $82 to $86, signaling modest upside while stopping short of a bullish recommendation. Benzinga analyst price target report
- Negative Sentiment: A cyclosporiasis outbreak is creating a supply and reputational risk. Sysco stopped purchasing iceberg lettuce from Mexico and Taylor Farms amid the outbreak in the United States. The decision may temporarily disrupt sourcing and sales, although it reduces potential food-safety exposure. Reuters lettuce supply report
- Negative Sentiment: Underlying risks remain. Fiscal-year GAAP net earnings declined 3.9%, while Q4 gross margin fell 17 basis points as product-cost inflation and investments pressured profitability.
Insider Activity at Sysco
In related news, Director John M. Hinshaw purchased 13,304 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average price 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 in the company, valued at approximately $3,021,834. The trade was a 49.46% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company’s stock.
Sysco Company 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.
Featured Articles
- Five stocks we like better than Sysco
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Want to see what other hedge funds are holding SYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sysco Corporation (NYSE:SYY – Free Report).
Receive News & Ratings for Sysco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco and related companies with MarketBeat.com's FREE daily email newsletter.
