Sysco Corporation $SYY Stock Holdings Lowered by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC cut its position in Sysco Corporation (NYSE:SYY) by 94.5% during the 1st quarter, HoldingsChannel reports. The firm owned 44,964 shares of the company’s stock after selling 776,063 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Sysco were worth $3,207,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in SYY. Dickmeyer Boyce Financial Management Inc. acquired a new stake in Sysco in the 1st quarter valued at approximately $930,000. Sei Investments Co. grew its stake in shares of Sysco by 114.7% in the first quarter. Sei Investments Co. now owns 626,554 shares of the company’s stock worth $44,694,000 after purchasing an additional 334,663 shares in the last quarter. Lido Advisors LLC increased its holdings in shares of Sysco by 46.8% during the first quarter. Lido Advisors LLC now owns 21,108 shares of the company’s stock valued at $1,506,000 after purchasing an additional 6,726 shares during the period. State of Wyoming raised its stake in shares of Sysco by 36.1% during the first quarter. State of Wyoming now owns 5,630 shares of the company’s stock valued at $402,000 after purchasing an additional 1,494 shares in the last quarter. Finally, Levin Capital Strategies L.P. bought a new position in Sysco in the 1st quarter valued at about $3,043,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Price Performance

NYSE SYY opened at $81.72 on Friday. The stock has a market capitalization of $39.12 billion, a P/E ratio of 22.64, a P/E/G ratio of 3.23 and a beta of 0.64. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. The business’s fifty day moving average is $79.31 and its two-hundred day moving average is $79.71. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33.

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

Insider Activity at Sysco

In related news, Director John M. Hinshaw bought 13,304 shares of Sysco stock in a transaction dated Tuesday, May 26th. The stock was acquired 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 directly owned 40,200 shares in the company, valued at approximately $3,021,834. This trade represents a 49.46% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SYY has been the topic of a number of recent analyst reports. Guggenheim dropped their price target on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft cut Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a report on Tuesday, April 28th. Piper Sandler decreased their price target on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a research report on Friday, June 26th. Finally, Melius Research lowered Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Sysco has a consensus rating of “Hold” and an average target price of $88.00.

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.