Janus Henderson Group PLC Has $5.09 Million Stock Holdings in Sysco Corporation $SYY

Key Points

• Janus Henderson increased its Sysco stake by 140.1%. The firm owned 71,404 shares valued at approximately $5.09 million, while institutional investors and hedge funds collectively held 83.41% of SYY.
• Sysco beat quarterly expectations and reported growth. Earnings per share came in at $1.53 versus the $1.51 consensus, revenue reached $22.12 billion, and sales rose 4.7% year over year.
• Analysts remain cautious despite the solid results. Sysco carries a consensus “Hold” rating with an average price target of $89.50, compared with the stock’s reported price of $84.34.

Janus Henderson Group PLC boosted its holdings in shares of Sysco Corporation (NYSE:SYY - Free Report) by 140.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,404 shares of the company's stock after buying an additional 41,664 shares during the period. Janus Henderson Group PLC's holdings in Sysco were worth $5,093,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SYY. Montag A & Associates Inc. increased its holdings in shares of Sysco by 1.4% in the 4th quarter. Montag A & Associates Inc. now owns 8,743 shares of the company's stock valued at $644,000 after purchasing an additional 123 shares during the period. United Community Bank boosted its holdings in shares of Sysco by 11.4% during the fourth quarter. United Community Bank now owns 1,224 shares of the company's stock worth $90,000 after purchasing an additional 125 shares during the period. First Citizens Bank & Trust Co. grew its position in 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 purchasing an additional 138 shares in the last quarter. Octavia Wealth Advisors LLC increased its stake in Sysco by 4.6% in the 4th quarter. Octavia Wealth Advisors LLC now owns 3,231 shares of the company's stock valued at $237,000 after buying an additional 141 shares during the period. Finally, Diversify Wealth Management LLC lifted its position 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. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Up 0.2%

SYY stock opened at $84.34 on Friday. The firm has a market cap of $40.38 billion, a PE ratio of 23.04, a PEG ratio of 3.22 and a beta of 0.64. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. The company has a fifty day simple moving average of $81.14 and a 200 day simple moving average of $80.36. The company has a current ratio of 1.28, a quick ratio of 0.80 and a debt-to-equity ratio of 4.62.

Sysco (NYSE:SYY - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share 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 company had revenue of $22.12 billion for the quarter, compared to analyst estimates of $21.95 billion. During the same period last year, the company earned $1.48 earnings per share. The business's 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. Sell-side analysts anticipate that Sysco Corporation will post 5.1 EPS for the current fiscal year.

Trending Headlines about Sysco

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Quarterly beat and higher outlook: Sysco exceeded fourth-quarter expectations, reporting $1.53 in adjusted earnings per share versus the $1.51 consensus estimate and $22.12 billion in revenue versus $21.95 billion expected. Revenue increased 4.7% year over year, while management issued higher forward guidance, pointing to improving momentum in the U.S. business. Sysco Beats on Q4 and Guides Higher
• Positive Sentiment: Value appeal: Zacks highlighted Sysco as a strong value stock, which may attract investors seeking defensive exposure to food distribution following the earnings beat. Why Sysco Is a Strong Value Stock
• Neutral Sentiment: Limited analyst upside: Citigroup raised its Sysco price target from $82 to $86 but maintained a Neutral rating, while a separate update reported that Citi remains at Hold. The target increase acknowledges improved results but suggests analysts see limited upside from current levels. Citi Remains a Hold on Sysco
• Negative Sentiment: Lettuce supply and food-safety concern: Sysco stopped buying iceberg lettuce from Mexico amid a U.S. cyclosporiasis outbreak. The precaution may protect customers and reduce reputational risk, but could create sourcing costs, product availability issues, or temporary margin pressure. Sysco Stops Buying Mexican Iceberg Lettuce

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SYY. Weiss Ratings restated a "hold (c+)" rating on shares of Sysco in a report on Friday, June 26th. Piper Sandler lifted their price objective on Sysco from $77.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday. Wall Street Zen downgraded Sysco from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Morgan Stanley upped their target price on Sysco from $84.00 to $88.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 16th. Finally, Melius Research lowered Sysco from a "hold" rating to a "sell" rating in a report on Tuesday, July 7th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $89.50.

Insider Buying and Selling at Sysco

In related news, Director John M. Hinshaw bought 13,304 shares of Sysco stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the acquisition, the director owned 40,200 shares in the company, valued at $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.56% of the company's stock.

About Sysco

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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