HBK Sorce Advisory LLC Takes Position in Sysco Corporation $SYY

HBK Sorce Advisory LLC purchased a new stake in shares of Sysco Corporation (NYSE:SYY) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 11,309 shares of the company’s stock, valued at approximately $952,000.

Other institutional investors also recently bought and sold shares of the company. Lloyd Advisory Services LLC. bought a new stake in shares of Sysco during the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC purchased a new position in Sysco during the fourth quarter valued at $25,000. Sunbelt Securities Inc. lifted its position 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 buying an additional 170 shares during the period. Torren Management LLC bought a new stake in shares of Sysco during the 4th quarter valued at $27,000. Finally, Bard Associates Inc. bought a new stake in shares of Sysco during the 4th quarter valued at $27,000. 83.41% of the stock is owned by institutional investors.

Sysco Stock Performance

Shares of Sysco stock opened at $82.94 on Monday. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. The firm’s 50-day moving average is $82.21 and its 200 day moving average is $80.66. The stock has a market cap of $39.71 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.84 and a beta of 0.64. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.28 and a quick ratio of 0.77.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The business had revenue of $22.12 billion during the quarter, compared to analyst estimates of $21.95 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. Sysco’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $1.48 EPS. 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 5.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SYY shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a research note on Friday, June 26th. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Barclays cut their price objective on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Sanford C. Bernstein decreased their target price on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Finally, UBS Group lifted their target price on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Eight research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $89.50.

Insider Buying and Selling

In other Sysco news, Director John M. Hinshaw bought 13,304 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were acquired at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the purchase, the director owned 40,200 shares in the company, valued at approximately $3,021,834. This trade represents a 49.46% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ronald L. Phillips sold 367 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $83.39, for a total value of $30,604.13. Following the completion of the transaction, the executive vice president owned 38,650 shares of the company’s stock, valued at $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 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.