Patron Partners LLC Acquires Shares of 16,408 Sysco Corporation $SYY

Key Points

• Patron Partners LLC acquired 16,408 Sysco shares worth approximately $1.37 million in the second quarter. Institutional investors collectively own 83.41% of Sysco.
• Analysts maintain a generally positive outlook, with nine Buy, six Hold, and one Sell rating; the stock has an average “Moderate Buy” rating and a consensus price target of $89.50.
• Sysco reported quarterly revenue of $22.12 billion and earnings of $1.53 per share, exceeding estimates, while maintaining a quarterly dividend of $0.55 per share, yielding about 2.6% annually.

Patron Partners LLC bought a new position in Sysco Corporation (NYSE:SYY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,408 shares of the company's stock, valued at approximately $1,371,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lloyd Advisory Services LLC. acquired a new position in shares of Sysco during the fourth quarter worth about $25,000. Motiv8 Investments LLC acquired a new stake in Sysco in the fourth quarter valued at about $25,000. Sunbelt Securities Inc. boosted 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 in the last quarter. Torren Management LLC acquired a new position in Sysco during the 4th quarter worth approximately $27,000. Finally, Bard Associates Inc. acquired a new position in Sysco during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 83.41% of the company's stock.

Insider Transactions at Sysco

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

Analyst Ratings Changes

Several research firms have recently commented on SYY. Citigroup raised 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. Morgan Stanley upped their price objective on Sysco from $84.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, July 16th. UBS Group raised their target price on Sysco from $90.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Piper Sandler boosted 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. Finally, Melius Research cut shares of Sysco from a "hold" rating to a "sell" rating in a research note on Tuesday, July 7th. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $89.50.

Key Sysco News

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Sysco appointed Jason Murray, a former Amazon supply-chain technology executive, and Tom Ondrof, a former Aramark CFO, to its board effective September 1. Their expertise in artificial intelligence, logistics, foodservice, finance, and mergers could strengthen execution and governance. Sysco Announces Strategic Board Appointments and AI Transformation Initiatives
• Positive Sentiment: The company reiterated fiscal 2027 targets of 6%–7% revenue growth and 9%–11% adjusted EPS growth, including a planned $100 million AI-enabled cost-savings program. Sysco is also upgrading its technology committee to oversee the broader AI transformation. Sysco Gains After Highlighting Board Changes and AI Initiatives
• Positive Sentiment: D.E. Shaw reportedly owns more than $1 billion of Sysco stock and supports the AI strategy and pending Jetro Restaurant Depot acquisition. Its expected participation in the transaction’s capital raise signals institutional confidence in Sysco’s long-term plans. D.E. Shaw Owns More Than $1 Billion Stake in Sysco
• Positive Sentiment: Sysco declared a quarterly dividend of $0.55 per share, payable October 23 to shareholders of record October 2. The maintained payout provides income support and indicates continued confidence in cash generation. Sysco Declares Quarterly Dividend Payment
• Neutral Sentiment: Persistent food inflation and uncertainty around tariffs remain industry-wide considerations. Higher food costs can lift Sysco’s reported sales, but may pressure restaurant demand, customer margins, and Sysco’s profitability if costs cannot be passed through. Trump's 90-Day Inflation Band-Aid
• Negative Sentiment: The Jetro Restaurant Depot acquisition still carries regulatory, financing, integration, and execution risks. Any delays, dilution, or failure to deliver expected synergies could weigh on SYY despite the positive strategic narrative.

Sysco Stock Up 1.2%

SYY opened at $84.04 on Friday. 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 company has a market cap of $40.23 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 2.84 and a beta of 0.64. Sysco Corporation has a one year low of $68.19 and a one year high of $91.85. The business's fifty day moving average is $82.65 and its two-hundred day moving average is $80.64.

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

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 2nd will be given a dividend of $0.55 per share. The ex-dividend date is Friday, October 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.6%. Sysco's payout ratio is presently 60.11%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source