Global Retirement Partners LLC Buys Shares of 16,132 Sysco Corporation $SYY

Key Points

• Global Retirement Partners initiated a Sysco position by purchasing 16,132 shares worth approximately $1.35 million in the second quarter. Institutional investors collectively own 83.41% of Sysco’s outstanding stock.
• Sysco reported quarterly EPS of $1.53, beating estimates by $0.02, while revenue rose 4.7% year over year to $22.12 billion. The company provided fiscal 2027 EPS guidance of $5.025 to $5.117.
• Sysco shares opened at $81.79, down 1.4%, with analysts holding a consensus “Hold” rating and an average price target of $89.50. Recent ratings were mixed, including price-target increases from Piper Sandler and downgrades from Deutsche Bank and Melius Research.

Global Retirement Partners LLC bought a new position in shares of Sysco Corporation (NYSE:SYY - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,132 shares of the company's stock, valued at approximately $1,348,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Lloyd Advisory Services LLC. acquired a new position in shares of Sysco in the 4th quarter worth approximately $25,000. Motiv8 Investments LLC acquired a new stake in Sysco in the 4th quarter valued at approximately $25,000. Sunbelt Securities Inc. increased its holdings in Sysco by 87.6% in the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company's stock valued at $26,000 after purchasing an additional 170 shares during the last quarter. Torren Management LLC purchased a new stake in Sysco in the fourth quarter valued at approximately $27,000. Finally, Bard Associates Inc. acquired a new position in Sysco during the fourth quarter worth $27,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sysco

In other news, EVP Ronald L. Phillips sold 367 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $83.39, for a total transaction of $30,604.13. Following the completion of the transaction, the executive vice president directly owned 38,650 shares of the company's stock, valued at approximately $3,223,023.50. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a filing 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 bought 13,304 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased 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 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 position. Additional details regarding this purchase are available in the official SEC disclosure. 0.56% of the stock is owned by company insiders.

Sysco Stock Down 1.4%

Sysco stock opened at $81.79 on Tuesday. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85. The stock's fifty day simple moving average is $82.31 and its 200-day simple moving average is $80.64. 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 capitalization of $39.16 billion, a P/E ratio of 22.35, a P/E/G ratio of 2.84 and a beta of 0.64.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 earnings per share (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 business had revenue of $22.12 billion for the quarter, compared to analysts' expectations of $21.95 billion. During the same period last year, the firm earned $1.48 earnings per share. The company'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. As a group, equities analysts expect that Sysco Corporation will post 5.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SYY. Wall Street Zen lowered Sysco from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Piper Sandler boosted their price objective on Sysco from $77.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft lowered Sysco from a "buy" rating to a "hold" rating and set a $84.00 target price on the stock. in a research note on Tuesday, April 28th. Barclays dropped their target price on Sysco from $92.00 to $86.00 and set an "overweight" rating for the company in a research report on Wednesday, April 29th. Finally, Melius Research lowered shares of Sysco from a "hold" rating to a "sell" rating in a research note on Tuesday, July 7th. Eight investment 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.

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