Sysco Corporation $SYY Shares Bought by Professional Advisory Services Inc.

Professional Advisory Services Inc. grew its stake in Sysco Corporation (NYSE:SYY) by 19.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 299,057 shares of the company’s stock after purchasing an additional 47,783 shares during the period. Sysco comprises approximately 3.0% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 17th largest holding. Professional Advisory Services Inc.’s holdings in Sysco were worth $24,995,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Lloyd Advisory Services LLC. purchased a new stake in Sysco during the fourth quarter worth $25,000. Motiv8 Investments LLC purchased a new position in Sysco in the fourth quarter valued at $25,000. Sunbelt Securities Inc. raised its position in shares of Sysco by 87.6% in the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock worth $26,000 after acquiring an additional 170 shares during the period. Torren Management LLC acquired a new position in shares of Sysco in the fourth quarter worth about $27,000. Finally, Bard Associates Inc. acquired a new stake in shares of Sysco during the 4th quarter valued at about $27,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SYY has been the topic of a number of recent analyst reports. Citigroup increased their price target on Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday. UBS Group upped their target price on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley lifted 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. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research report on Friday, June 26th. Finally, Barclays decreased their price objective on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Sysco has a consensus rating of “Hold” and an average price target of $89.50.

Sysco Trading Down 0.3%

Shares of SYY stock opened at $84.10 on Friday. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.80 and a current ratio of 1.28. The stock’s fifty day moving average is $81.30 and its two-hundred day moving average is $80.39. The firm has a market capitalization of $40.26 billion, a P/E ratio of 22.98, a PEG ratio of 2.89 and a beta of 0.64.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The business 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 company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period 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. Research analysts expect that Sysco Corporation will post 5.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sysco news, Director John M. Hinshaw bought 13,304 shares of the firm’s stock in a transaction on 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 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.

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.