Sysco (NYSE:SYY) EVP Ronald Phillips Sells 367 Shares of Stock

Sysco Corporation (NYSE:SYY) EVP Ronald Phillips sold 367 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $83.39, for a total transaction of $30,604.13. Following the sale, the executive vice president directly owned 38,650 shares of the company’s stock, valued at approximately $3,223,023.50. This trade represents a 0.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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.

Sysco Stock Performance

Shares of NYSE:SYY opened at $84.76 on Thursday. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. The stock has a market capitalization of $40.58 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 2.89 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. The company’s 50 day simple moving average is $81.89 and its 200 day simple moving average is $80.56.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. The firm had revenue of $22.12 billion during the quarter, compared to analysts’ expectations of $21.95 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.48 earnings per share. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. As a group, research analysts predict that Sysco Corporation will post 5.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Sysco

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas boosted its stake in Sysco by 8.0% in the fourth quarter. Teacher Retirement System of Texas now owns 370,571 shares of the company’s stock valued at $27,307,000 after acquiring an additional 27,510 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Sysco by 9.5% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 412,423 shares of the company’s stock valued at $30,445,000 after acquiring an additional 35,647 shares during the period. Nicholas Company Inc. bought a new stake in shares of Sysco in the 4th quarter worth approximately $2,278,000. Norges Bank purchased a new position in Sysco in the fourth quarter valued at approximately $542,780,000. Finally, Banque Cantonale Vaudoise lifted its stake in Sysco by 301.9% in the first quarter. Banque Cantonale Vaudoise now owns 16,828 shares of the company’s stock valued at $1,200,000 after purchasing an additional 12,641 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SYY shares. Citigroup upped their price target on shares of Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft downgraded Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a report on Tuesday, April 28th. Piper Sandler boosted their price objective on Sysco from $77.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. UBS Group upped their target price on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Sanford C. Bernstein dropped their target price 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 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $89.50.

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.