Heartland Advisors Inc. Acquires 35,438 Shares of Sysco Corporation $SYY

Heartland Advisors Inc. increased its holdings in shares of Sysco Corporation (NYSE:SYY) by 22.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 190,561 shares of the company’s stock after acquiring an additional 35,438 shares during the period. Heartland Advisors Inc.’s holdings in Sysco were worth $13,593,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SYY. John G Ullman & Associates Inc. boosted its stake in shares of Sysco by 0.7% during the 1st quarter. John G Ullman & Associates Inc. now owns 69,660 shares of the company’s stock worth $4,969,000 after buying an additional 475 shares during the last quarter. Modera Wealth Management LLC increased its position in shares of Sysco by 1.6% in the first quarter. Modera Wealth Management LLC now owns 119,451 shares of the company’s stock valued at $8,520,000 after acquiring an additional 1,880 shares during the last quarter. Assetmark Inc. raised its holdings in Sysco by 6.5% during the first quarter. Assetmark Inc. now owns 171,824 shares of the company’s stock worth $12,256,000 after acquiring an additional 10,547 shares in the last quarter. Main Street Group LTD bought a new stake in Sysco during the first quarter worth about $175,000. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new position in Sysco during the first quarter valued at approximately $365,000. Institutional investors own 83.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SYY shares. Guggenheim lowered their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Piper Sandler reduced their price target on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft downgraded Sysco from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a research report on Tuesday, April 28th. Finally, Sanford C. Bernstein cut their price objective on Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research 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 given a Sell rating to the company. Based on data from MarketBeat.com, Sysco currently has a consensus rating of “Hold” and an average target price of $88.00.

Sysco Price Performance

NYSE:SYY opened at $81.62 on Friday. The company has a market cap of $39.03 billion, a P/E ratio of 22.61, a P/E/G ratio of 3.11 and a beta of 0.64. The firm’s fifty day moving average price is $78.63 and its two-hundred day moving average price is $79.45. Sysco Corporation has a one year low of $68.19 and a one year high of $91.85. 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 (NYSE:SYY) last announced 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). The company had revenue of $20.52 billion for the quarter, compared to the consensus estimate of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Equities analysts expect that Sysco Corporation will post 4.59 earnings per share for the current year.

Insider Transactions at Sysco

In related news, Director John M. Hinshaw acquired 13,304 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was purchased 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is owned by company insiders.

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.