Assetmark Inc. Buys 22,582 Shares of Sysco Corporation $SYY

Assetmark Inc. boosted its stake in Sysco Corporation (NYSE:SYY) by 30.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,599 shares of the company’s stock after purchasing an additional 22,582 shares during the period. Assetmark Inc.’s holdings in Sysco were worth $7,954,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SYY. Harbor Capital Advisors Inc. raised its holdings 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 buying an additional 135 shares during the last quarter. Peterson Wealth Services increased its position in shares of Sysco by 875.7% in the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after acquiring an additional 324 shares during the period. Darwin Wealth Management LLC bought a new position in shares of Sysco during the second quarter valued at about $31,000. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of Sysco by 94.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after purchasing an additional 204 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in shares of Sysco by 234.3% in the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $35,000 after purchasing an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Transactions 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 sale, the executive vice president directly owned 35,965 shares in the company, valued at approximately $2,913,165. The trade was a 13.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sheila Talton sold 2,801 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. The trade was a 17.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

SYY has been the subject of several research reports. UBS Group upped their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 price target on shares of Sysco and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. 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, Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.69.

Sysco Stock Performance

Shares of SYY opened at $90.49 on Tuesday. The firm has a market capitalization of $43.34 billion, a P/E ratio of 24.33, a PEG ratio of 2.81 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 Corporation has a one year low of $67.12 and a one year high of $91.40. The business has a fifty day moving average of $78.30 and a 200 day moving average of $78.49.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The company 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%.Sysco’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last 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 anticipate that Sysco Corporation will post 4.58 EPS for the current year.

About Sysco

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.