Sysco Corporation $SYY Shares Sold by Glenview Trust Co

Glenview Trust Co lowered its stake in shares of Sysco Corporation (NYSE:SYY) by 53.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 142,274 shares of the company’s stock after selling 161,055 shares during the quarter. Glenview Trust Co’s holdings in Sysco were worth $11,715,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Intech Investment Management LLC lifted its holdings in shares of Sysco by 53.1% during the first quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock worth $1,674,000 after purchasing an additional 7,742 shares during the period. Private Trust Co. NA raised its position in Sysco by 3.4% during the 2nd quarter. Private Trust Co. NA now owns 6,316 shares of the company’s stock worth $478,000 after buying an additional 209 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Sysco by 95.9% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 18,578 shares of the company’s stock worth $1,407,000 after buying an additional 9,097 shares during the last quarter. Foster & Motley Inc. acquired a new stake in shares of Sysco in the 2nd quarter worth $655,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Sysco in the second quarter valued at about $20,465,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Stock Performance

Shares of SYY stock opened at $90.49 on Tuesday. The stock has a fifty day moving average price of $78.30 and a 200 day moving average price of $78.49. The stock has a market cap of $43.34 billion, a PE ratio of 24.33, a P/E/G ratio of 2.81 and a beta of 0.61. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $91.40. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, beating 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 company had revenue of $20.76 billion for the quarter, compared to analyst estimates of $20.80 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. Sysco’s revenue was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Sell-side analysts forecast that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SYY. Guggenheim increased their price target on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley cut their target price on Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Citigroup lifted their price target on Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a report on Monday, December 29th. Finally, Jefferies Financial Group raised their target price on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sysco has an average rating of “Moderate Buy” and an average price target of $89.69.

Insider Activity

In other news, 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 value of $453,681.00. Following the sale, the executive vice president directly owned 35,965 shares in the company, valued at $2,913,165. This represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.56% of the company’s stock.

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.