Wealthfront Advisers LLC Purchases 10,366 Shares of Sysco Corporation $SYY

Wealthfront Advisers LLC grew its holdings in shares of Sysco Corporation (NYSE:SYY) by 12.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 92,113 shares of the company’s stock after purchasing an additional 10,366 shares during the quarter. Wealthfront Advisers LLC’s holdings in Sysco were worth $7,585,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. increased its stake in shares of Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares in the last quarter. Peterson Wealth Services lifted its position in Sysco by 875.7% during the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after purchasing an additional 324 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in Sysco during the second quarter valued at about $31,000. Vermillion & White Wealth Management Group LLC increased its position in Sysco by 94.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after buying an additional 204 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Sysco by 234.3% in the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $35,000 after buying an additional 321 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Activity at Sysco

In other news, EVP Ronald L. Phillips sold 5,601 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were 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 owned 35,965 shares in the company, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sheila Talton sold 2,801 shares of Sysco 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 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. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SYY has been the subject of a number of recent research reports. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Morgan Stanley lowered their price target on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. UBS Group upped their price target on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Citigroup raised their price objective on shares of Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Finally, Piper Sandler lifted their target price on shares of Sysco from $80.00 to $83.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $89.38.

Sysco Trading Up 0.4%

Sysco stock opened at $88.00 on Thursday. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $88.66. The firm’s 50 day moving average price is $77.26 and its 200-day moving average price is $78.27. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75. The stock has a market cap of $42.15 billion, a P/E ratio of 23.66, a PEG ratio of 2.72 and a beta of 0.61.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 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 the consensus estimate of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, equities analysts predict that Sysco Corporation will post 4.58 earnings per share for the current fiscal 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.