Global Retirement Partners LLC Makes New Investment in Sysco Corporation $SYY

Global Retirement Partners LLC acquired a new position in shares of Sysco Corporation (NYSE:SYY) in the 2nd quarter, HoldingsChannel reports. The fund acquired 16,132 shares of the company’s stock, valued at approximately $1,348,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Lloyd Advisory Services LLC. purchased a new stake in Sysco during the fourth quarter worth approximately $25,000. Motiv8 Investments LLC acquired a new position in Sysco in the fourth quarter valued at approximately $25,000. Sunbelt Securities Inc. increased its stake in Sysco by 87.6% in 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 during the last quarter. Torren Management LLC acquired a new stake in Sysco during the fourth quarter worth approximately $27,000. Finally, Bard Associates Inc. acquired a new stake in Sysco during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Transactions at Sysco

In related news, EVP Ronald L. Phillips sold 6,285 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $83.94, for a total value of $527,562.90. Following the transaction, the executive vice president owned 39,970 shares in the company, valued at $3,355,081.80. The trade was a 13.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 acquired 13,304 shares of Sysco stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the purchase, the director owned 40,200 shares in the company, valued at $3,021,834. The trade was a 49.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.56% of the company’s stock.

Sysco Stock Down 1.4%

SYY stock opened at $81.79 on Tuesday. The company has a market cap of $39.16 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 2.84 and a beta of 0.64. The company has a fifty day moving average price of $82.31 and a 200 day moving average price of $80.64. 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 Corporation has a 12 month low of $68.19 and a 12 month high of $91.85.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, beating 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 company had revenue of $22.12 billion for the quarter, compared to analyst estimates of $21.95 billion. During the same period in the previous year, the business posted $1.48 earnings per share. Sysco’s quarterly 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. Sell-side analysts expect that Sysco Corporation will post 5.1 earnings per share for the current year.

Wall Street Analyst Weigh In

SYY has been the subject of several research analyst reports. Piper Sandler upped their target price on shares of Sysco from $77.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Barclays cut their price target on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Sanford C. Bernstein reduced their price target on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Wednesday, April 29th. Melius Research downgraded shares of Sysco from a “hold” rating to a “sell” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a report on Friday, June 26th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sysco presently has an average rating of “Hold” and a consensus price target of $89.50.

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.