Citigroup Inc. Has $69.36 Million Stock Holdings in Sysco Corporation $SYY

Citigroup Inc. boosted its position in shares of Sysco Corporation (NYSE:SYY) by 11.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 842,344 shares of the company’s stock after purchasing an additional 85,862 shares during the quarter. Citigroup Inc. owned 0.18% of Sysco worth $69,359,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Sysco in the 2nd quarter valued at $493,686,000. Mondrian Investment Partners LTD acquired a new position in Sysco in the third quarter valued at about $142,237,000. Vanguard Group Inc. increased its holdings in shares of Sysco by 2.0% in the second quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after acquiring an additional 1,226,381 shares in the last quarter. Marshall Wace LLP raised its position in shares of 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 purchasing an additional 785,995 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sysco by 143.2% during 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. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SYY has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. BMO Capital Markets reissued an “outperform” rating on shares of Sysco in a research report on Wednesday, January 28th. Wells Fargo & Company boosted their price objective on shares of Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group upped their target price on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Truist Financial lifted their price target on Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Sysco Trading Down 0.8%

Sysco stock opened at $89.39 on Tuesday. The company has a market cap of $42.81 billion, a price-to-earnings ratio of 24.03, a P/E/G ratio of 2.80 and a beta of 0.61. The firm has a 50-day moving average of $79.86 and a 200-day moving average of $78.83. 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 $91.85.

Sysco (NYSE:SYY) last released its 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 business had revenue of $20.76 billion for 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 revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, equities analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Sysco

In related news, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the sale, the director directly owned 12,868 shares in the company, valued at $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is currently owned by company insiders.

Sysco 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.