Caprock Group LLC Purchases New Position in Sysco Corporation $SYY

Caprock Group 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 and Exchange Commission (SEC). The fund bought 13,747 shares of the company’s stock, valued at approximately $1,106,000.

Other institutional investors and hedge funds have also modified their holdings of the company. 1620 Investment Advisors Inc. raised its holdings in Sysco by 2.6% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 4,904 shares of the company’s stock worth $404,000 after purchasing an additional 126 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in 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 in the last quarter. Facet Wealth Inc. raised its stake in shares of Sysco by 1.2% in the second quarter. Facet Wealth Inc. now owns 10,671 shares of the company’s stock worth $849,000 after buying an additional 131 shares during the period. Silver Oak Securities Incorporated lifted its position in shares of 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 buying an additional 134 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of 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 period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling at Sysco

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SYY shares. Barclays raised their target price on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. UBS Group raised their price objective on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Jefferies Financial Group upped their target price on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Truist Financial raised their price target on Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Guggenheim boosted their price objective on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.69.

Sysco Price Performance

Shares of Sysco stock opened at $90.49 on Monday. The firm has a market cap of $43.34 billion, a PE ratio of 24.33, a PEG ratio of 2.81 and a beta of 0.61. The stock has a 50 day moving average of $77.94 and a 200 day moving average of $78.41. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $91.40.

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