One Wealth Advisors LLC Makes New $619,000 Investment in Sysco Corporation $SYY

One Wealth Advisors LLC bought a new position in shares of Sysco Corporation (NYSE:SYY) during the second quarter, Holdings Channel.com reports. The fund bought 7,403 shares of the company’s stock, valued at approximately $619,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Sysco during the 4th quarter worth approximately $542,780,000. Wellington Management Group LLP lifted its stake in Sysco by 3,977.1% in the third quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock valued at $387,935,000 after buying an additional 4,595,819 shares during the last quarter. First Nebraska Trust Co purchased a new stake in Sysco in the first quarter valued at approximately $156,697,000. Goldman Sachs Group Inc. boosted its holdings in shares of Sysco by 45.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,651,682 shares of the company’s stock valued at $416,472,000 after acquiring an additional 1,754,306 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Sysco by 128.7% during the first quarter. Royal Bank of Canada now owns 2,357,585 shares of the company’s stock worth $168,166,000 after acquiring an additional 1,326,600 shares during the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 6,285 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $83.94, for a total transaction of $527,562.90. Following the completion of the transaction, the executive vice president owned 39,970 shares in the company, valued at approximately $3,355,081.80. This represents a 13.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Also, Director John M. Hinshaw bought 13,304 shares of Sysco stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the purchase, the director directly owned 40,200 shares in the company, valued at approximately $3,021,834. This trade represents a 49.46% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SYY. Deutsche Bank Aktiengesellschaft cut shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a report on Tuesday, April 28th. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Sanford C. Bernstein lowered their price objective on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. Melius Research cut shares of Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a research note on Friday, June 26th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sysco has a consensus rating of “Hold” and an average price target of $89.50.

Sysco Trading Down 0.7%

Shares of SYY stock opened at $82.94 on Friday. The company has a market capitalization of $39.71 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 2.84 and a beta of 0.64. 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 business’s 50 day moving average is $82.21 and its two-hundred day moving average is $80.62. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $1.48 earnings per share. The company’s quarterly 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. Equities analysts forecast that Sysco Corporation will post 5.1 EPS for the current year.

Sysco 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.