NEOS Investment Management LLC Grows Stock Position in Sysco Corporation $SYY

NEOS Investment Management LLC increased its stake in shares of Sysco Corporation (NYSE:SYY) by 45.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 67,062 shares of the company’s stock after purchasing an additional 21,035 shares during the period. NEOS Investment Management LLC’s holdings in Sysco were worth $5,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Merit Financial Group LLC lifted its stake in shares of Sysco by 3.1% in the 3rd quarter. Merit Financial Group LLC now owns 52,821 shares of the company’s stock worth $4,349,000 after acquiring an additional 1,602 shares during the period. Mondrian Investment Partners LTD purchased a new position in Sysco during the third quarter worth about $142,237,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in Sysco by 34.8% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 140,664 shares of the company’s stock valued at $11,582,000 after purchasing an additional 36,306 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Sysco by 1.8% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 164,871 shares of the company’s stock valued at $13,575,000 after purchasing an additional 2,922 shares in the last quarter. Finally, Troy Asset Management Ltd increased its position in Sysco by 13.0% during the 3rd quarter. Troy Asset Management Ltd now owns 447,432 shares of the company’s stock worth $36,842,000 after purchasing an additional 51,344 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sysco

In other news, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was 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 in the company, valued at approximately $2,913,165. The trade was a 13.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sheila Talton sold 2,801 shares of the 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 sale, the director owned 12,868 shares in the company, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SYY shares. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Barclays upped their price target on Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a research report on Wednesday, January 28th. Citigroup upped their target price on Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, UBS Group lifted their price target on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.69.

Sysco Price Performance

SYY opened at $89.31 on Thursday. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $91.85. The company’s 50 day simple moving average is $78.95 and its 200 day simple moving average is $78.63. The stock has a market capitalization of $42.78 billion, a PE ratio of 24.01, a P/E/G ratio of 2.79 and a beta of 0.61. 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 quarterly earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, beating 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 firm had revenue of $20.76 billion for the quarter, compared to analyst estimates of $20.80 billion. During the same quarter last year, the firm posted $0.93 earnings per share. Sysco’s revenue for the quarter was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, sell-side analysts expect that Sysco Corporation will post 4.58 EPS for the current year.

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.