Trajan Wealth LLC Makes New Investment in Sysco Corporation $SYY

Trajan Wealth LLC bought a new stake in shares of Sysco Corporation (NYSE:SYY) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 25,093 shares of the company’s stock, valued at approximately $2,066,000.

Several other institutional investors have also modified their holdings of the business. 1620 Investment Advisors Inc. boosted its stake in shares of Sysco by 2.6% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 4,904 shares of the company’s stock valued at $404,000 after buying an additional 126 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Sysco by 0.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 40,852 shares of the company’s stock worth $3,364,000 after buying an additional 130 shares during the last quarter. Facet Wealth Inc. raised its holdings in Sysco by 1.2% in the second quarter. Facet Wealth Inc. now owns 10,671 shares of the company’s stock valued at $849,000 after acquiring an additional 131 shares in the last quarter. Silver Oak Securities Incorporated boosted its stake in Sysco by 4.0% during the 3rd quarter. Silver Oak Securities Incorporated now owns 3,493 shares of the company’s stock valued at $288,000 after acquiring an additional 134 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

Shares of NYSE SYY opened at $90.06 on Monday. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. The firm’s 50-day moving average price is $79.58 and its two-hundred day moving average price is $78.76. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $91.85. The stock has a market capitalization of $43.13 billion, a P/E ratio of 24.21, a P/E/G ratio of 2.80 and a beta of 0.61.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $20.76 billion for the quarter, compared to analysts’ expectations of $20.80 billion. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, sell-side analysts forecast that Sysco Corporation will post 4.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Sysco in a research report on Wednesday, January 28th. Guggenheim lifted their price target on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Wells Fargo & Company upped their price objective on Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley reduced their target price on Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Finally, Argus upgraded Sysco to a “hold” rating in a research report on Thursday, January 29th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Insider Buying and Selling at Sysco

In other Sysco news, Director Sheila Talton sold 2,801 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the sale, the director directly owned 12,868 shares in the company, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total transaction of $453,681.00. Following the transaction, the executive vice president owned 35,965 shares of the company’s stock, valued at $2,913,165. This represents a 13.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is owned by company insiders.

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.