Spartan Wealth Advisory Services LLC Buys New Position in Sysco Corporation $SYY

Spartan Wealth Advisory Services LLC purchased a new position in Sysco Corporation (NYSE:SYY) during the 1st quarter, HoldingsChannel reports. The firm purchased 35,584 shares of the company’s stock, valued at approximately $2,538,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Sysco by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 62,305,343 shares of the company’s stock worth $4,591,281,000 after purchasing an additional 814,270 shares in the last quarter. State Street Corp boosted its holdings in Sysco by 0.9% during the third quarter. State Street Corp now owns 26,669,576 shares of the company’s stock worth $2,195,973,000 after buying an additional 246,542 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Sysco by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 12,728,692 shares of the company’s stock worth $934,391,000 after buying an additional 131,659 shares in the last quarter. Norges Bank acquired a new position in Sysco in the fourth quarter worth approximately $542,780,000. Finally, Morgan Stanley grew its position in Sysco by 9.0% in the fourth quarter. Morgan Stanley now owns 6,058,405 shares of the company’s stock worth $446,444,000 after buying an additional 500,881 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Guggenheim cut their price objective on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a research report on Friday, June 26th. Sanford C. Bernstein reduced their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a report on Wednesday, April 29th. Finally, Barclays decreased their price target on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Eight research 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $88.00.

Sysco Stock Down 0.8%

Shares of NYSE:SYY opened at $81.62 on Friday. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. The company has a market cap of $39.03 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 3.11 and a beta of 0.64. Sysco Corporation has a 52 week low of $68.19 and a 52 week high of $91.85. The firm has a 50 day simple moving average of $78.63 and a 200 day simple moving average of $79.45.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share 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 firm had revenue of $20.52 billion for the quarter, compared to analysts’ expectations of $20.56 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, research analysts expect that Sysco Corporation will post 4.59 earnings per share for the current year.

Insider Activity

In other Sysco news, Director John M. Hinshaw bought 13,304 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the transaction, the director directly owned 40,200 shares in the company, valued at approximately $3,021,834. This represents a 49.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is owned by insiders.

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.