Independent Financial Group LLC Takes $543,000 Position in Sysco Corporation $SYY

Independent Financial Group LLC acquired a new position in Sysco Corporation (NYSE:SYY) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,610 shares of the company’s stock, valued at approximately $543,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. W.G. Shaheen & Associates DBA Whitney & Co increased its position in Sysco by 8.2% in the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 26,578 shares of the company’s stock worth $1,896,000 after buying an additional 2,007 shares during the period. Wealthfront Advisers LLC boosted its position in shares of Sysco by 0.8% in the first quarter. Wealthfront Advisers LLC now owns 92,589 shares of the company’s stock valued at $6,604,000 after acquiring an additional 770 shares during the period. D.A. Davidson & CO. boosted its position in shares of Sysco by 24.5% in the first quarter. D.A. Davidson & CO. now owns 213,490 shares of the company’s stock valued at $15,228,000 after acquiring an additional 41,976 shares during the period. Twin Capital Management Inc. acquired a new stake in shares of Sysco in the first quarter worth $297,000. Finally, Blackhawk Capital Partners LLC increased its position in Sysco by 2.0% during the first quarter. Blackhawk Capital Partners LLC now owns 11,077 shares of the company’s stock worth $790,000 after acquiring an additional 215 shares during the period. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Up 1.2%

SYY opened at $82.23 on Thursday. The company has a market capitalization of $39.37 billion, a P/E ratio of 22.78, a P/E/G ratio of 3.20 and a beta of 0.64. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. The firm’s fifty day moving average price is $79.13 and its two-hundred day moving average price is $79.65. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The business had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.56 billion. During the same quarter in the prior year, the company posted $0.96 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, analysts anticipate that Sysco Corporation will post 4.59 EPS for the current year.

Analyst Upgrades and Downgrades

SYY has been the subject of several research analyst reports. Citigroup reiterated a “neutral” rating on shares of Sysco in a research note on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a report on Friday, June 26th. Melius Research lowered shares of Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. UBS Group reduced their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a research report on Tuesday, April 28th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $88.00.

Insider Buying and Selling

In related news, Director John M. Hinshaw acquired 13,304 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the acquisition, the director owned 40,200 shares of the company’s stock, valued at $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

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.