Principal Financial Group Inc. Boosts Stock Holdings in Sysco Corporation $SYY

Principal Financial Group Inc. lifted its holdings in Sysco Corporation (NYSE:SYY) by 1.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 558,785 shares of the company’s stock after purchasing an additional 10,485 shares during the period. Principal Financial Group Inc. owned about 0.12% of Sysco worth $39,858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lloyd Advisory Services LLC. bought a new position in Sysco in the fourth quarter worth approximately $25,000. Motiv8 Investments LLC bought a new stake in Sysco during the 4th quarter valued at $25,000. Bard Associates Inc. bought a new stake in Sysco during the 4th quarter valued at $27,000. Torren Management LLC purchased a new position in shares of Sysco in the 4th quarter valued at $27,000. Finally, Elyxium Wealth LLC bought a new position in shares of Sysco in the 4th quarter worth $28,000. 83.41% of the stock is currently owned by institutional investors.

Sysco Stock Down 0.8%

Shares of SYY stock opened at $81.62 on Friday. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The stock’s fifty day moving average price is $78.63 and its 200 day moving average price is $79.45. 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 company has a market cap of $39.03 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 3.11 and a beta of 0.64.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). The business 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%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, research analysts expect that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Insider Activity

In related news, Director John M. Hinshaw acquired 13,304 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the acquisition, the director directly owned 40,200 shares in the company, valued at $3,021,834. The trade was a 49.46% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SYY shares. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft lowered Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a research note on Tuesday, April 28th. Citigroup increased their price target on shares of Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Melius Research cut shares of Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sysco presently has an average rating of “Hold” and a consensus price target 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.