13,330 Shares in Sysco Corporation $SYY Purchased by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC purchased a new stake in shares of Sysco Corporation (NYSE:SYY) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 13,330 shares of the company’s stock, valued at approximately $1,136,000. Sysco comprises 0.7% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 26th largest holding.

Several other hedge funds have also bought and sold shares of SYY. Lloyd Advisory Services LLC. bought a new position in shares of Sysco during the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC bought a new stake in shares of Sysco in the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. grew its stake in shares of Sysco by 87.6% in the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock worth $26,000 after buying an additional 170 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Sysco in the 4th quarter worth approximately $27,000. Finally, Bard Associates Inc. bought a new position in Sysco during the 4th quarter valued at approximately $27,000. Institutional investors own 83.41% of the company’s stock.

Insider Transactions at Sysco

In other news, EVP Ronald L. Phillips sold 6,285 shares of the firm’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 sale, the executive vice president owned 39,970 shares of the company’s stock, valued at $3,355,081.80. This trade represents a 13.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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. Also, Director John M. Hinshaw purchased 13,304 shares of Sysco stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the purchase, the director directly owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.56% of the stock is currently owned by insiders.

Sysco Stock Down 0.7%

Sysco stock opened at $82.94 on Friday. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85. The stock has a fifty day simple moving average of $82.21 and a two-hundred day simple moving average of $80.62. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 4.62. The firm has a market cap of $39.71 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.84 and a beta of 0.64.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $21.95 billion. During the same period in the prior year, the company posted $1.48 earnings per share. The company’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. Equities analysts predict that Sysco Corporation will post 5.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SYY shares. Sanford C. Bernstein lowered their price objective on Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. UBS Group raised their price target on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Melius Research lowered Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Citigroup increased their price objective on shares of Sysco from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a research note on Tuesday, April 28th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Sysco currently has a consensus rating of “Hold” and an average price target of $89.50.

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.