Sanctuary Advisors LLC Grows Position in Sysco Corporation $SYY

Sanctuary Advisors LLC grew its holdings in Sysco Corporation (NYSE:SYY) by 8.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,929 shares of the company’s stock after buying an additional 6,261 shares during the period. Sanctuary Advisors LLC’s holdings in Sysco were worth $5,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Sigma Planning Corp grew its stake in Sysco by 103.0% during the 1st quarter. Sigma Planning Corp now owns 12,001 shares of the company’s stock valued at $856,000 after acquiring an additional 6,089 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of Sysco by 19.7% during the 1st quarter. Checchi Capital Advisers LLC now owns 6,038 shares of the company’s stock worth $431,000 after purchasing an additional 993 shares during the last quarter. Hartford Funds Management Co LLC boosted its holdings in shares of Sysco by 62.6% during the 1st quarter. Hartford Funds Management Co LLC now owns 15,209 shares of the company’s stock worth $1,085,000 after purchasing an additional 5,855 shares during the last quarter. AMG National Trust Bank grew its position in shares of Sysco by 0.9% in the first quarter. AMG National Trust Bank now owns 21,890 shares of the company’s stock valued at $1,561,000 after purchasing an additional 200 shares in the last quarter. Finally, Bryn Mawr Trust Advisors LLC increased its holdings in shares of Sysco by 0.8% in the first quarter. Bryn Mawr Trust Advisors LLC now owns 91,311 shares of the company’s stock valued at $6,513,000 after purchasing an additional 768 shares during the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup lifted their price objective on Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Piper Sandler cut their target price on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. UBS Group reduced their price target on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Morgan Stanley boosted their price target on shares of Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Melius Research lowered shares of 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 issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $88.00.

Insider Activity

In related news, Director John M. Hinshaw acquired 13,304 shares of Sysco stock in a transaction that occurred on Tuesday, May 26th. The shares were 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 approximately $3,021,834. This represents a 49.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

Sysco Stock Down 0.8%

SYY stock opened at $81.62 on Friday. Sysco Corporation has a one year low of $68.19 and a one year high of $91.85. The firm has a market cap of $39.03 billion, a PE ratio of 22.61, a PEG ratio of 3.11 and a beta of 0.64. The firm’s 50 day moving average price is $78.63 and its 200-day moving average price is $79.45. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business had revenue of $20.52 billion for the quarter, compared to analyst estimates of $20.56 billion. During the same period last year, the business earned $0.96 EPS. Sysco’s revenue was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, equities research analysts anticipate that Sysco Corporation will post 4.59 EPS for the current year.

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.