Sysco (NYSE:SYY) EVP Ronald Phillips Sells 367 Shares of Stock

Key Points

• Sysco EVP Ronald Phillips sold 367 shares at an average price of $83.39, totaling $30,604.13. The Rule 10b5-1 sale covered tax-withholding obligations tied to vested equity awards, leaving him with 38,650 shares.
• Sysco reported quarterly EPS of $1.53, beating estimates of $1.51, while revenue rose 4.7% year over year to $22.12 billion. The company issued fiscal 2027 EPS guidance of $5.025–$5.117.
• SYY shares recently traded at $84.76, up 0.6%, while analysts maintained a consensus “Hold” rating and an average price target of $89.50; ratings included eight Buys, seven Holds and one Sell.

Sysco Corporation (NYSE:SYY - Get Free Report) EVP Ronald Phillips sold 367 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $83.39, for a total value of $30,604.13. Following the completion of the transaction, the executive vice president owned 38,650 shares in the company, valued at $3,223,023.50. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.

Sysco Trading Up 0.6%

SYY stock traded up $0.50 during midday trading on Wednesday, hitting $84.76. 3,730,379 shares of the company's stock were exchanged, compared to its average volume of 4,192,230. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. 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 stock has a market capitalization of $40.58 billion, a PE ratio of 23.16, a P/E/G ratio of 2.87 and a beta of 0.64. The business has a 50-day simple moving average of $81.70 and a two-hundred day simple moving average of $80.50.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, topping 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 period in the prior year, the business posted $1.48 EPS. The company'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. On average, sell-side analysts predict that Sysco Corporation will post 5.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SYY shares. Citigroup upped their price objective on shares of Sysco from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Weiss Ratings reissued a "hold (c+)" rating on shares of Sysco in a research report on Friday, June 26th. Melius Research lowered Sysco from a "hold" rating to a "sell" rating in a research report on Tuesday, July 7th. UBS Group lifted their price objective on Sysco from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded Sysco from a "buy" rating to a "hold" rating and set a $84.00 price objective on the stock. in a report on Tuesday, April 28th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $89.50.

Institutional Trading of Sysco

A number of large investors have recently modified their holdings of SYY. Lloyd Advisory Services LLC. acquired a new position in Sysco during the 4th quarter worth $25,000. Motiv8 Investments LLC purchased a new position in shares of Sysco in the 4th quarter valued at about $25,000. Sunbelt Securities Inc. boosted its stake in shares of 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 buying an additional 170 shares during the period. Torren Management LLC acquired a new position in shares of Sysco during the fourth quarter worth about $27,000. Finally, Bard Associates Inc. purchased a new stake in shares of Sysco during the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 83.41% of the company's stock.

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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