Roman Butler Fullerton & Co. acquired a new position in Sysco Corporation (NYSE:SYY – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,205 shares of the company’s stock, valued at approximately $601,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Lloyd Advisory Services LLC. bought a new position in shares of Sysco during the 4th quarter valued at approximately $25,000. Motiv8 Investments LLC bought a new stake in Sysco during the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. lifted its holdings in Sysco by 87.6% during the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. Torren Management LLC bought a new position in shares of Sysco in the fourth quarter worth approximately $27,000. Finally, Bard Associates Inc. purchased a new stake in shares of Sysco in the fourth quarter worth $27,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
SYY has been the topic of several recent analyst reports. Citigroup raised their price objective on shares of Sysco from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Morgan Stanley raised their price target on Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Piper Sandler lifted their target price on Sysco from $77.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Barclays lowered their price target on Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Eight equities 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $89.50.
Insider Buying and Selling at Sysco
In other news, Director John M. Hinshaw acquired 13,304 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were acquired 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 directly owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. The trade was a 49.46% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ronald L. Phillips sold 367 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $83.39, for a total transaction of $30,604.13. Following the completion of the sale, the executive vice president directly owned 38,650 shares in the company, valued at approximately $3,223,023.50. This represents a 0.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.56% of the company’s stock.
Sysco Price Performance
NYSE:SYY opened at $82.94 on Monday. The company has a market capitalization of $39.71 billion, a P/E ratio of 22.66, a P/E/G ratio of 2.84 and a beta of 0.64. The business’s 50-day moving average is $82.21 and its 200 day moving average is $80.66. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 4.62. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85.
Sysco (NYSE:SYY – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $21.95 billion. During the same period last year, the company posted $1.48 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. On average, equities research analysts forecast that Sysco Corporation will post 5.1 earnings per share for the current fiscal year.
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.
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