Everett Harris & Co. CA Buys New Holdings in Sysco Corporation $SYY

Key Points

• Everett Harris & Co. CA bought 41,903 Sysco shares worth approximately $3.5 million in the second quarter. Institutional investors own 83.41% of Sysco’s outstanding stock.
• Sysco reported quarterly EPS of $1.53, exceeding estimates by $0.02, while revenue rose 4.7% year over year to $22.12 billion. The company issued fiscal 2027 EPS guidance of $5.025 to $5.117.
• Analyst sentiment remains mixed, with eight Buy, seven Hold and one Sell rating; MarketBeat’s consensus rating is Hold, with an average price target of $89.50 versus a recent share price of $82.94.

Everett Harris & Co. CA purchased a new position in Sysco Corporation (NYSE:SYY - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 41,903 shares of the company's stock, valued at approximately $3,502,000.

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

Insider Buying and Selling

In other news, Director John M. Hinshaw acquired 13,304 shares of Sysco stock in a transaction on Tuesday, May 26th. The stock was bought at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the purchase, the director owned 40,200 shares in the company, valued at $3,021,834. This represents a 49.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Ronald L. Phillips sold 6,285 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $83.94, for a total value of $527,562.90. Following the completion of the sale, the executive vice president directly owned 39,970 shares of the company's stock, valued at $3,355,081.80. The trade was a 13.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Company insiders own 0.56% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. 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 report on Wednesday, April 29th. Barclays cut their target price on Sysco from $92.00 to $86.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 29th. Melius Research cut Sysco from a "hold" rating to a "sell" rating in a research note on Tuesday, July 7th. Citigroup upped their price target on Sysco from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Finally, Piper Sandler increased their price target on shares of Sysco from $77.00 to $84.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $89.50.

Sysco Stock Performance

NYSE SYY opened at $82.94 on Friday. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.28 and a quick ratio of 0.77. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. The company has a market capitalization of $39.71 billion, a PE ratio of 22.66, a P/E/G ratio of 2.86 and a beta of 0.64. The company has a fifty day moving average of $82.21 and a two-hundred day moving average of $80.62.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.02. Sysco had a return on equity of 95.05% and a net margin of 2.08%.The company had revenue of $22.12 billion for the quarter, compared to analyst estimates of $21.95 billion. During the same quarter last year, the company posted $1.48 earnings per share. The business's quarterly revenue 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. As a group, analysts expect that Sysco Corporation will post 5.1 earnings per share for the current year.

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.

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