Sysco Corporation $SYY Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lessened its stake in Sysco Corporation (NYSE:SYY) by 1.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,705,599 shares of the company’s stock after selling 71,520 shares during the period. Primecap Management Co. CA’s holdings in Sysco were worth $305,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Sysco during the 2nd quarter worth approximately $493,686,000. Mondrian Investment Partners LTD acquired a new position in Sysco during the third quarter worth about $142,237,000. Vanguard Group Inc. lifted its stake in Sysco by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after buying an additional 1,226,381 shares in the last quarter. Marshall Wace LLP increased its position in Sysco by 207.6% during the second quarter. Marshall Wace LLP now owns 1,164,656 shares of the company’s stock worth $88,211,000 after buying an additional 785,995 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Sysco by 143.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,215,260 shares of the company’s stock valued at $92,044,000 after purchasing an additional 715,663 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Ratings Changes

SYY has been the topic of several recent analyst reports. Barclays increased their price objective on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Truist Financial lifted their target price on shares of Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Piper Sandler increased their price target on Sysco from $80.00 to $83.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Weiss Ratings raised Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Guggenheim upped their price objective on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Insiders Place Their Bets

In related news, EVP Ronald L. Phillips sold 5,601 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the sale, the executive vice president owned 35,965 shares in the company, valued at approximately $2,913,165. This represents a 13.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the sale, the director owned 12,868 shares of the company’s stock, valued at $1,067,915.32. The trade was a 17.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.56% of the company’s stock.

Sysco Stock Performance

SYY opened at $89.16 on Thursday. The business has a 50 day moving average price of $80.42 and a two-hundred day moving average price of $78.96. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $91.85. The company has a market capitalization of $42.70 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 2.79 and a beta of 0.61. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75.

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