Trust Co. of Vermont Takes Position in Sysco Corporation $SYY

Trust Co. of Vermont bought a new position in Sysco Corporation (NYSE:SYY) during the second quarter, according to its most recent filing with the SEC. The firm bought 10,649 shares of the company’s stock, valued at approximately $890,000.

Several other hedge funds have also bought and sold shares of the business. Norges Bank bought a new stake in Sysco during the 4th quarter valued at $542,780,000. Wellington Management Group LLP lifted its stake in shares of Sysco by 3,977.1% in the third quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock valued at $387,935,000 after buying an additional 4,595,819 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Sysco during the second quarter valued at about $273,323,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Sysco during the second quarter valued at about $203,861,000. Finally, First Nebraska Trust Co bought a new stake in shares of Sysco during the first quarter worth about $156,697,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

SYY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft cut shares of 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. Melius Research downgraded Sysco from a “hold” rating to a “sell” rating in a research note on Tuesday, July 7th. Piper Sandler raised their target price on Sysco from $77.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a research report on Friday, June 26th. Finally, Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Sysco presently has an average rating of “Hold” and a consensus price target of $89.50.

Sysco Trading Up 0.3%

Shares of SYY stock opened at $82.07 on Wednesday. Sysco Corporation has a 52-week low of $68.19 and a 52-week 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 50-day simple moving average of $82.40 and a two-hundred day simple moving average of $80.63. The company has a market capitalization of $39.29 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.84 and a beta of 0.64.

Sysco (NYSE:SYY) last posted 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 firm 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 posted $1.48 EPS. The company’s revenue for the quarter 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. Research analysts anticipate that Sysco Corporation will post 5.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Sysco news, EVP Ronald L. Phillips sold 367 shares of the company’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 in the company, valued at $3,223,023.50. This represents a 0.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 firm’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of $75.17 per share, with a total value 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 ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.56% of the company’s stock.

About Sysco

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.