Rayburn West Financial Services LLC Takes $9.58 Million Position in Sysco Corporation $SYY

Rayburn West Financial Services LLC bought a new stake in Sysco Corporation (NYSE:SYY) in the 2nd quarter, Holdings Channel.com reports. The firm bought 114,580 shares of the company’s stock, valued at approximately $9,577,000. Sysco accounts for about 5.3% of Rayburn West Financial Services LLC’s portfolio, making the stock its 3rd largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lloyd Advisory Services LLC. acquired a new position in Sysco during the fourth quarter worth approximately $25,000. Motiv8 Investments LLC bought a new position in shares of Sysco during the 4th quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of Sysco during the 2nd quarter worth approximately $29,000. Sunbelt Securities Inc. increased its holdings in shares of Sysco by 87.6% during the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock worth $26,000 after acquiring an additional 170 shares during the last quarter. Finally, Bard Associates Inc. bought a new stake in Sysco in the 4th quarter valued at $27,000. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

SYY opened at $82.07 on Wednesday. The business has a fifty day simple moving average of $82.40 and a 200 day simple moving average of $80.63. The company has a market capitalization of $39.29 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.84 and a beta of 0.64. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. 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 posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $21.95 billion. During the same quarter last year, the business earned $1.48 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. 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 expect that Sysco Corporation will post 5.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Sanford C. Bernstein reduced their price objective 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a research report on Friday, June 26th. Barclays cut their target price 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. Morgan Stanley upped their price target on shares of Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Finally, Citigroup increased their price target on shares of Sysco from $82.00 to $86.00 and gave the company a “neutral” 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $89.50.

Insider Activity

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