Equitable Trust Co. Sells 12,992 Shares of Sysco Corporation $SYY

Equitable Trust Co. decreased its holdings in shares of Sysco Corporation (NYSE:SYY) by 28.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,146 shares of the company’s stock after selling 12,992 shares during the period. Equitable Trust Co.’s holdings in Sysco were worth $2,647,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank bought a new position in shares of Sysco during the second quarter valued at approximately $493,686,000. Mondrian Investment Partners LTD bought a new position in Sysco in the 3rd quarter worth $142,237,000. Vanguard Group Inc. lifted its position in shares of Sysco by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after purchasing an additional 1,226,381 shares during the period. Marshall Wace LLP boosted its stake in shares of Sysco by 207.6% during the 2nd quarter. Marshall Wace LLP now owns 1,164,656 shares of the company’s stock valued at $88,211,000 after purchasing an additional 785,995 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Sysco by 143.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,215,260 shares of the company’s stock valued at $92,044,000 after buying an additional 715,663 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Piper Sandler raised their price objective on Sysco from $80.00 to $83.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 target price on shares of Sysco and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Finally, Citigroup lifted their price target on shares of Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $90.31.

Sysco Trading Down 0.8%

Sysco stock opened at $89.39 on Tuesday. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $91.85. The company has a market capitalization of $42.81 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 2.80 and a beta of 0.61. The business’s fifty day simple moving average is $79.86 and its two-hundred day simple moving average is $78.83. 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 (NYSE:SYY) last posted its quarterly earnings results 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. The firm had revenue of $20.76 billion during the quarter, compared to analyst estimates of $20.80 billion. Sysco had a return on equity of 109.21% and a net margin of 2.17%.Sysco’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, equities analysts predict that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Sheila Talton sold 2,801 shares of the company’s 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 owned 12,868 shares in the company, valued at approximately $1,067,915.32. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the sale, the executive vice president owned 35,965 shares in the company, valued at approximately $2,913,165. The trade was a 13.47% decrease in their position. The SEC filing for this sale provides additional information. 0.56% of the stock is currently owned by insiders.

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.