Aberdeen Group plc Sells 89,112 Shares of Sysco Corporation $SYY

Aberdeen Group plc trimmed its position in shares of Sysco Corporation (NYSE:SYY) by 21.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 334,464 shares of the company’s stock after selling 89,112 shares during the quarter. Aberdeen Group plc’s holdings in Sysco were worth $27,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Sysco by 2.0% during the second 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. Geode Capital Management LLC lifted its stake in shares of Sysco by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 12,551,872 shares of the company’s stock valued at $946,694,000 after buying an additional 183,179 shares in the last quarter. Norges Bank bought a new position in Sysco in the 2nd quarter worth approximately $493,686,000. Charles Schwab Investment Management Inc. grew its stake in Sysco by 0.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,131,931 shares of the company’s stock valued at $237,212,000 after buying an additional 27,693 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Sysco by 12.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,639,931 shares of the company’s stock valued at $201,076,000 after acquiring an additional 283,706 shares during the period. 83.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SYY. Truist Financial raised their price target on Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Guggenheim raised their target price on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Citigroup raised their price objective 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. Finally, JPMorgan Chase & Co. upped their target price on shares of Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $89.69.

Insider Buying and Selling

In other news, Director Sheila Talton sold 2,801 shares of the firm’s stock in a transaction dated 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is owned by company insiders.

Sysco Price Performance

Shares of NYSE:SYY opened at $89.61 on Wednesday. The company’s fifty day moving average price is $78.64 and its 200-day moving average price is $78.56. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75. The firm has a market capitalization of $42.92 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 2.81 and a beta of 0.61. Sysco Corporation has a one year low of $67.12 and a one year high of $91.85.

Sysco (NYSE:SYY) last announced 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. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The company had revenue of $20.76 billion during the quarter, compared to analyst estimates of $20.80 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The firm’s quarterly 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. On average, equities research analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

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.