Troy Asset Management Ltd Increases Stake in Sysco Corporation $SYY

Troy Asset Management Ltd boosted its stake in Sysco Corporation (NYSE:SYY) by 13.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 447,432 shares of the company’s stock after buying an additional 51,344 shares during the quarter. Sysco comprises 0.9% of Troy Asset Management Ltd’s holdings, making the stock its 17th largest holding. Troy Asset Management Ltd’s holdings in Sysco were worth $36,842,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Intech Investment Management LLC grew its stake in Sysco by 53.1% in the first quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock worth $1,674,000 after purchasing an additional 7,742 shares during the period. Generali Asset Management SPA SGR boosted its holdings in shares of Sysco by 16,147.7% during the 2nd quarter. Generali Asset Management SPA SGR now owns 21,447 shares of the company’s stock valued at $1,624,000 after buying an additional 21,315 shares in the last quarter. Mutual Advisors LLC grew its position in shares of Sysco by 22.4% in the 2nd quarter. Mutual Advisors LLC now owns 10,515 shares of the company’s stock worth $844,000 after buying an additional 1,925 shares during the period. WealthPlan Investment Management LLC increased its stake in shares of Sysco by 15.0% in the 2nd quarter. WealthPlan Investment Management LLC now owns 3,163 shares of the company’s stock worth $240,000 after acquiring an additional 412 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in Sysco by 3.4% during the 2nd quarter. Private Trust Co. NA now owns 6,316 shares of the company’s stock valued at $478,000 after acquiring an additional 209 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

Shares of SYY stock opened at $90.49 on Friday. The firm has a market capitalization of $43.34 billion, a PE ratio of 24.33, a P/E/G ratio of 2.81 and a beta of 0.61. The company has a 50 day moving average price of $77.94 and a 200-day moving average price of $78.43. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $91.40. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $20.76 billion during the quarter, compared to the consensus estimate of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, equities research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SYY has been the subject of a number of analyst reports. Jefferies Financial Group raised their target price on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Morgan Stanley lowered their price objective on Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Wells Fargo & Company boosted their target price on Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. UBS Group lifted their price target on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Barclays lifted their target price on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Sysco presently has an average rating of “Moderate Buy” and a consensus target price of $89.69.

Insiders Place Their Bets

In related news, Director Sheila Talton sold 2,801 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the transaction, the director owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the sale, the executive vice president directly owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This represents a 13.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is currently owned by corporate insiders.

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.