Bryn Mawr Trust Advisors LLC Invests $2.22 Million in Sysco Corporation $SYY

Key Points

• Bryn Mawr Trust Advisors acquired 26,600 Sysco shares worth approximately $2.22 million during the second quarter. Institutional investors collectively own 83.41% of Sysco’s outstanding stock.
• Sysco reported quarterly adjusted earnings of $1.53 per share, topping estimates of $1.51, while revenue rose 4.7% year over year to $22.12 billion. The company maintained fiscal 2027 EPS guidance of $5.025–$5.117.
• Analysts have an overall “Hold” rating on Sysco, with an average price target of $89.50; shares opened at $82.94, within a 52-week range of $68.19 to $91.85.

Bryn Mawr Trust Advisors LLC acquired a new stake in Sysco Corporation (NYSE:SYY - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,600 shares of the company's stock, valued at approximately $2,223,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SYY. Montag A & Associates Inc. raised its stake in shares of Sysco by 1.4% in the fourth quarter. Montag A & Associates Inc. now owns 8,743 shares of the company's stock worth $644,000 after purchasing an additional 123 shares during the last quarter. United Community Bank boosted its position in shares of Sysco by 11.4% during the fourth quarter. United Community Bank now owns 1,224 shares of the company's stock valued at $90,000 after buying an additional 125 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Sysco by 1.2% during the fourth quarter. First Citizens Bank & Trust Co. now owns 11,224 shares of the company's stock valued at $827,000 after buying an additional 138 shares during the last quarter. Diversify Wealth Management LLC increased its holdings in Sysco by 1.6% in the 4th quarter. Diversify Wealth Management LLC now owns 9,173 shares of the company's stock worth $698,000 after buying an additional 143 shares in the last quarter. Finally, Arax Advisory Partners raised its position in Sysco by 2.4% in the 4th quarter. Arax Advisory Partners now owns 6,222 shares of the company's stock worth $458,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup raised 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. Weiss Ratings reissued a "hold (c+)" rating on shares of Sysco in a report on Friday, June 26th. Sanford C. Bernstein lowered their price objective on shares of Sysco from $90.00 to $85.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 29th. Wall Street Zen cut shares of Sysco from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Finally, Piper Sandler lifted their target price on shares of Sysco from $77.00 to $84.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $89.50.

Sysco Trading Down 0.7%

Shares of NYSE:SYY opened at $82.94 on Friday. The stock has a market capitalization of $39.71 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.86 and a beta of 0.64. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28. The stock's 50-day simple moving average is $82.21 and its two-hundred day simple moving average is $80.62. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.51 by $0.02. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The firm had revenue of $22.12 billion during the quarter, compared to analyst estimates of $21.95 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. The business's revenue for the quarter 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. Analysts expect that Sysco Corporation will post 5.1 EPS for the current year.

Insider Activity at Sysco

In other news, EVP Ronald L. Phillips sold 367 shares of Sysco stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $83.39, for a total transaction of $30,604.13. Following the transaction, the executive vice president owned 38,650 shares in the company, valued at $3,223,023.50. This trade represents a 0.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 acquired 13,304 shares of the business's stock in a transaction dated 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 transaction, the director owned 40,200 shares in the company, valued at approximately $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 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.

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