Focus Partners Advisor Solutions LLC Invests $1.47 Million in Sysco Corporation $SYY

Focus Partners Advisor Solutions LLC acquired a new position in Sysco Corporation (NYSE:SYY - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,549 shares of the company's stock, valued at approximately $1,467,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SYY. Intech Investment Management LLC lifted its position in shares of Sysco by 53.1% in the 1st 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. Schnieders Capital Management LLC. increased its position in shares of Sysco by 24.1% during the second quarter. Schnieders Capital Management LLC. now owns 10,310 shares of the company's stock worth $781,000 after buying an additional 2,000 shares during the period. NewEdge Advisors LLC raised its stake in Sysco by 62.4% during the second quarter. NewEdge Advisors LLC now owns 35,447 shares of the company's stock worth $2,685,000 after buying an additional 13,616 shares during the last quarter. Sei Investments Co. lifted its holdings in Sysco by 14.2% in the second quarter. Sei Investments Co. now owns 344,504 shares of the company's stock valued at $26,092,000 after buying an additional 42,903 shares during the period. Finally, Treasurer of the State of North Carolina lifted its holdings in Sysco by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 226,648 shares of the company's stock valued at $17,166,000 after buying an additional 1,710 shares during the period. Institutional investors and hedge funds own 83.41% of the company's stock.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 367 shares of the business's 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 completion of the sale, the executive vice president owned 38,650 shares in the company, valued at approximately $3,223,023.50. The trade was a 0.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 stock in a transaction on Tuesday, May 26th. The shares were acquired at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the acquisition, the director owned 40,200 shares of the company's stock, valued at approximately $3,021,834. The trade was a 49.46% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

SYY has been the subject of several research analyst reports. 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. Melius Research cut Sysco from a "hold" rating to a "sell" rating in a research note on Tuesday, July 7th. Citigroup lifted their target price on Sysco from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Barclays dropped their price target on Sysco from $92.00 to $86.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 29th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Sysco in a report on Friday, June 26th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sysco presently has an average rating of "Hold" and an average target price of $89.50.

Sysco Stock Down 0.1%

Shares of NYSE:SYY opened at $82.94 on Monday. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85. The business's 50 day simple moving average is $82.21 and its two-hundred day simple moving average is $80.66. The firm has a market cap of $39.71 billion, a P/E ratio of 22.66, a PEG ratio of 2.84 and a beta of 0.64.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data 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 return on equity of 95.05% and a net margin of 2.08%.The firm had revenue of $22.12 billion during the quarter, compared to the consensus estimate of $21.95 billion. During the same quarter in the previous 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. As a group, research analysts forecast that Sysco Corporation will post 5.1 EPS for the current fiscal 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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