Krilogy Financial LLC Boosts Stock Holdings in Sysco Corporation $SYY

Krilogy Financial LLC lifted its holdings in Sysco Corporation (NYSE:SYY) by 65.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 42,435 shares of the company’s stock after purchasing an additional 16,807 shares during the period. Krilogy Financial LLC’s holdings in Sysco were worth $3,494,000 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 SYY. Intech Investment Management LLC boosted its position in Sysco by 53.1% during the 1st quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock valued at $1,674,000 after acquiring an additional 7,742 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in shares of Sysco by 15.0% during the 2nd quarter. Apollon Wealth Management LLC now owns 7,510 shares of the company’s stock worth $569,000 after purchasing an additional 980 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of Sysco by 3.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 33,654 shares of the company’s stock worth $2,549,000 after purchasing an additional 1,024 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Sysco by 16.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 60,807 shares of the company’s stock valued at $4,607,000 after purchasing an additional 8,758 shares in the last quarter. Finally, CWM LLC grew its stake in Sysco by 1.7% in the second quarter. CWM LLC now owns 49,411 shares of the company’s stock valued at $3,742,000 after purchasing an additional 823 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors.

Sysco Trading Up 1.3%

NYSE:SYY opened at $87.61 on Wednesday. The company has a market capitalization of $41.96 billion, a P/E ratio of 23.55, a PEG ratio of 2.69 and a beta of 0.61. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $88.37. The firm has a fifty day simple moving average of $76.97 and a 200-day simple moving average of $78.21.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on SYY shares. UBS Group raised their price target on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Guggenheim increased their target price on shares of Sysco from $89.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Piper Sandler upped their price target on Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Sysco in a research report 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. Based on data from MarketBeat, Sysco has a consensus rating of “Moderate Buy” and an average target price of $89.38.

Insider Activity

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the firm’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 transaction of $453,681.00. Following the completion of the transaction, the executive vice president directly owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction on 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 sale, the director directly owned 12,868 shares in the company, valued at $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.56% of the company’s stock.

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.