Trajan Wealth LLC Acquires New Holdings in Sysco Corporation $SYY

Trajan Wealth LLC bought a new stake in Sysco Corporation (NYSE:SYY) in the third quarter, Holdings Channel reports. The fund bought 25,093 shares of the company’s stock, valued at approximately $2,066,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. acquired a new position in shares of Sysco during the third quarter valued at approximately $25,000. Harbor Capital Advisors Inc. boosted its stake in Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Peterson Wealth Services increased its position in shares of Sysco by 875.7% during the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after purchasing an additional 324 shares during the period. Darwin Wealth Management LLC bought a new stake in shares of Sysco in the 2nd quarter worth $31,000. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Sysco by 94.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after buying an additional 204 shares during the period. 83.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on SYY. Truist Financial boosted their price target on shares of Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. 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 research note on Wednesday, January 28th. UBS Group increased their target price on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Guggenheim raised their target price on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Citigroup upped their price target on Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Insiders Place Their Bets

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

Sysco Stock Performance

Sysco stock opened at $90.06 on Monday. 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 company has a market cap of $43.13 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 2.80 and a beta of 0.61. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $91.85. The firm’s 50 day simple moving average is $79.58 and its 200-day simple moving average is $78.76.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The firm 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 company’s revenue was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, equities research analysts predict that Sysco Corporation will post 4.58 EPS for the current 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.