Rep. Jefferson Shreve Sells Sysco Corporation (NYSE:SYY) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of Sysco Corporation NYSE: SYY. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Sysco stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Sysco Price Performance

SYY traded up $0.39 on Friday, hitting $80.25. 2,951,667 shares of the company were exchanged, compared to its average volume of 2,574,986. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.76 and a current ratio of 1.26. The business's fifty day moving average is $75.40 and its 200 day moving average is $73.47. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $82.23. The firm has a market capitalization of $38.90 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 2.40 and a beta of 0.81.

Sysco (NYSE:SYY - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.06). Sysco had a return on equity of 107.96% and a net margin of 2.36%. The company had revenue of $19.60 billion for the quarter, compared to analyst estimates of $20.11 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company's quarterly revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sysco Corporation will post 4.58 EPS for the current year.

Hedge Funds Weigh In On Sysco

A number of large investors have recently bought and sold shares of the stock. NorthRock Partners LLC raised its stake in Sysco by 2.2% during the second quarter. NorthRock Partners LLC now owns 6,514 shares of the company's stock worth $493,000 after purchasing an additional 142 shares during the period. Verdence Capital Advisors LLC raised its stake in Sysco by 0.7% during the second quarter. Verdence Capital Advisors LLC now owns 32,536 shares of the company's stock worth $2,464,000 after purchasing an additional 233 shares during the period. Astoria Portfolio Advisors LLC. raised its stake in Sysco by 6.4% during the second quarter. Astoria Portfolio Advisors LLC. now owns 3,047 shares of the company's stock worth $243,000 after purchasing an additional 183 shares during the period. Sequoia Financial Advisors LLC raised its stake in Sysco by 3.4% during the second quarter. Sequoia Financial Advisors LLC now owns 21,320 shares of the company's stock worth $1,615,000 after purchasing an additional 706 shares during the period. Finally, Total Clarity Wealth Management Inc. purchased a new position in Sysco during the second quarter worth approximately $368,000. Hedge funds and other institutional investors own 83.41% of the company's stock.

Insiders Place Their Bets

In other Sysco news, EVP Ronald L. Phillips sold 37,606 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the transaction, the executive vice president owned 30,235 shares of the company's stock, valued at $2,449,035. This trade represents a 55.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total transaction 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. Insiders have sold a total of 77,962 shares of company stock valued at $6,271,305 over the last quarter. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

SYY has been the topic of several research reports. Guggenheim reiterated a "buy" rating and issued a $82.00 price target on shares of Sysco in a research report on Tuesday, July 8th. UBS Group lowered their price target on shares of Sysco from $86.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Barclays lowered their price target on shares of Sysco from $87.00 to $77.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Citigroup initiated coverage on shares of Sysco in a research report on Thursday, May 22nd. They issued a "neutral" rating and a $78.00 price target on the stock. Finally, Morgan Stanley increased their price target on shares of Sysco from $72.00 to $77.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.23.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Sysco

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.