Insider Selling: Sysco (NYSE:SYY) EVP Sells $30,604.13 in Stock

Sysco Corporation (NYSE:SYY) EVP Ronald Phillips sold 367 shares of the firm’s stock in a transaction 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 sale, the executive vice president owned 38,650 shares in the company, valued at approximately $3,223,023.50. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Stock Up 0.6%

NYSE SYY traded up $0.50 during trading on Wednesday, reaching $84.76. 3,730,379 shares of the company’s stock were exchanged, compared to its average volume of 4,192,230. The company has a 50 day moving average price of $81.70 and a two-hundred day moving average price of $80.50. The stock has a market cap of $40.58 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 2.87 and a beta of 0.64. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The business had revenue of $22.12 billion for the quarter, compared to the consensus estimate of $21.95 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%.The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.48 EPS. 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, equities research analysts anticipate that Sysco Corporation will post 5.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a research report on Tuesday, April 28th. UBS Group lifted their price target on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Melius Research cut shares of Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Morgan Stanley upped their price objective on shares of Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Finally, Sanford C. Bernstein cut their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $89.50.

Institutional Trading of Sysco

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in Sysco during the 2nd quarter worth $7,560,000. Evolve Private Wealth LLC purchased a new stake in shares of Sysco in the second quarter valued at about $521,000. Varma Mutual Pension Insurance Co acquired a new stake in shares of Sysco during the second quarter worth about $13,006,000. Sumitomo Life Insurance Co. acquired a new stake in shares of Sysco during the second quarter worth about $14,359,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Sysco during the second quarter worth about $3,052,000. 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.