OneDigital Investment Advisors LLC acquired a new position in shares of Sysco Corporation (NYSE:SYY – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,613 shares of the company’s stock, valued at approximately $1,806,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new position in Sysco in the 2nd quarter worth about $920,000. Bell Investment Advisors Inc acquired a new stake in shares of Sysco during the 2nd quarter valued at about $109,000. AMG National Trust Bank acquired a new stake in shares of Sysco during the 2nd quarter valued at about $1,814,000. Roman Butler Fullerton & Co. bought a new stake in shares of Sysco in the 2nd quarter valued at approximately $601,000. Finally, Simplicity Wealth LLC acquired a new position in Sysco in the second quarter worth approximately $1,081,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.
Analyst Upgrades and Downgrades
SYY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lowered shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research report on Tuesday, April 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research note on Friday, June 26th. UBS Group raised their price target on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Barclays reduced their price objective on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating for the company 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 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 given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $89.50.
Insiders Place Their Bets
In related news, EVP Ronald L. Phillips sold 367 shares of Sysco stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $83.39, for a total value of $30,604.13. Following the transaction, the executive vice president owned 38,650 shares in the company, valued at $3,223,023.50. This trade represents a 0.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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. Also, Director John M. Hinshaw bought 13,304 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.56% of the stock is currently owned by insiders.
Sysco Stock Down 0.1%
Shares of SYY stock opened at $82.94 on Monday. The stock’s 50 day simple moving average is $82.21 and its 200 day simple moving average is $80.66. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28. The company has a market capitalization of $39.71 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.84 and a beta of 0.64.
Sysco (NYSE:SYY – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. Sysco had a return on equity of 95.05% and a net margin of 2.08%.The firm had revenue of $22.12 billion during the quarter, compared to analysts’ expectations of $21.95 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. The company’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. As a group, research analysts predict that Sysco Corporation will post 5.1 EPS for the current 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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