Sysco Corporation $SYY Stock Position Lifted by Northwest & Ethical Investments L.P.

Key Points

• Northwest & Ethical Investments L.P. increased its holdings in Sysco Corporation by **42.0%**, owning 11,868 shares worth approximately $891,000 as of its most recent SEC filing.
• During the latest quarter, Sysco reported earnings of **$1.48 per share**, exceeding the consensus estimate of $1.39, with revenues of **$21.14 billion**, up 2.8% year-over-year.
• Sysco's average analyst rating is a **"Moderate Buy"** with a consensus price target of approximately **$85.69**, as various brokerages have recently updated their price objectives for the stock.

Northwest & Ethical Investments L.P. lifted its holdings in Sysco Corporation (NYSE:SYY - Free Report) by 42.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,868 shares of the company's stock after purchasing an additional 3,509 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Sysco were worth $891,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC grew its stake in shares of Sysco by 188.7% in the first quarter. Rialto Wealth Management LLC now owns 332 shares of the company's stock worth $25,000 after purchasing an additional 217 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Sysco in the fourth quarter valued at $29,000. Golden State Wealth Management LLC lifted its holdings in shares of Sysco by 48.4% in the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock valued at $32,000 after buying an additional 140 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of Sysco in the first quarter valued at $33,000. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Sysco in the fourth quarter valued at $34,000. Institutional investors own 83.41% of the company's stock.

Sysco Stock Up 0.2%

Shares of Sysco stock opened at $79.3680 on Wednesday. The stock has a 50-day moving average price of $77.81 and a 200 day moving average price of $74.23. The company has a market cap of $38.47 billion, a P/E ratio of 21.28, a P/E/G ratio of 2.45 and a beta of 0.83. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $82.64.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.09. The firm had revenue of $21.14 billion during the quarter, compared to the consensus estimate of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The business's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, analysts expect that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on SYY. Guggenheim upped their price objective on Sysco from $85.00 to $87.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wells Fargo & Company set a $88.00 price objective on Sysco and gave the company an "overweight" rating in a report on Tuesday, July 29th. Morgan Stanley upped their price objective on Sysco from $72.00 to $77.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. JPMorgan Chase & Co. upped their price objective on Sysco from $82.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Finally, Truist Financial upped their price objective on Sysco from $81.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Sysco has an average rating of "Moderate Buy" and a consensus price target of $85.69.

Insider Activity

In other news, EVP Ronald L. Phillips sold 6,286 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $81.00, for a total transaction of $509,166.00. Following the transaction, the executive vice president owned 34,404 shares of the company's stock, valued at approximately $2,786,724. This represents a 15.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the transaction, the executive vice president directly owned 56,304 shares in the company, valued at approximately $4,504,320. This represents a 41.54% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,026 shares of company stock valued at $6,766,059. Company insiders own 0.54% of the company's stock.

Sysco Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.

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