Levin Capital Strategies L.P. Invests $3.04 Million in Sysco Corporation $SYY

Levin Capital Strategies L.P. bought a new stake in shares of Sysco Corporation (NYSE:SYY) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 42,663 shares of the company’s stock, valued at approximately $3,043,000.

A number of other institutional investors have also recently modified their holdings of SYY. Norges Bank acquired a new position in Sysco in the 4th quarter worth about $542,780,000. Wellington Management Group LLP grew its holdings in Sysco by 3,977.1% in the third quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock valued at $387,935,000 after purchasing an additional 4,595,819 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Sysco by 45.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,651,682 shares of the company’s stock valued at $416,472,000 after buying an additional 1,754,306 shares in the last quarter. Marshall Wace LLP increased its position in shares of Sysco by 102.6% in the third quarter. Marshall Wace LLP now owns 2,359,471 shares of the company’s stock valued at $194,279,000 after buying an additional 1,194,815 shares in the last quarter. Finally, Suvretta Capital Management LLC acquired a new position in shares of Sysco during the 4th quarter worth approximately $79,864,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SYY. Melius Research lowered Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft cut shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a research report on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a research report on Friday, June 26th. Finally, Sanford C. Bernstein dropped their target price on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $88.00.

Insider Transactions at Sysco

In other Sysco news, Director John M. Hinshaw bought 13,304 shares of the stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the purchase, the director directly owned 40,200 shares in the company, valued at $3,021,834. This trade represents a 49.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by company insiders.

Sysco Price Performance

Shares of Sysco stock opened at $82.23 on Thursday. The stock has a market capitalization of $39.37 billion, a P/E ratio of 22.78, a PEG ratio of 3.20 and a beta of 0.64. The business has a 50 day simple moving average of $79.13 and a two-hundred day simple moving average of $79.65. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The firm had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.56 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, analysts predict that Sysco Corporation will post 4.59 EPS for the current fiscal year.

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.