Troy Asset Management Ltd Raises Stake in Sysco Corporation $SYY

Troy Asset Management Ltd boosted its stake in Sysco Corporation (NYSE:SYY) by 13.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 447,432 shares of the company’s stock after purchasing an additional 51,344 shares during the quarter. Sysco makes up 0.9% of Troy Asset Management Ltd’s investment portfolio, making the stock its 17th largest position. Troy Asset Management Ltd owned about 0.09% of Sysco worth $36,842,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in Sysco during the 2nd quarter worth approximately $493,686,000. Vanguard Group Inc. grew its position in shares of Sysco by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after purchasing an additional 1,226,381 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Sysco by 207.6% in the second quarter. Marshall Wace LLP now owns 1,164,656 shares of the company’s stock worth $88,211,000 after purchasing an additional 785,995 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Sysco by 143.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,215,260 shares of the company’s stock worth $92,044,000 after buying an additional 715,663 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Sysco by 163.1% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 710,900 shares of the company’s stock valued at $58,536,000 after buying an additional 440,700 shares during the period. 83.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sysco

In other news, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the transaction, the director directly owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ronald L. Phillips sold 5,601 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the transaction, the executive vice president directly owned 35,965 shares of the company’s stock, valued at $2,913,165. The trade was a 13.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.56% of the company’s stock.

Sysco Price Performance

Shares of NYSE:SYY opened at $90.49 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. The stock has a market cap of $43.34 billion, a PE ratio of 24.33, a PEG ratio of 2.81 and a beta of 0.61. The company’s fifty day moving average is $77.94 and its 200 day moving average is $78.43. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $91.40.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $20.76 billion during the quarter, compared to analyst estimates of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Research analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current year.

Analyst Ratings Changes

SYY has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Barclays raised their target price on shares of Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Guggenheim boosted their price target on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company increased their price target on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Finally, Jefferies Financial Group lifted their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and an average price target of $89.69.

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.