Sysco Corporation $SYY Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its holdings in Sysco Corporation (NYSE:SYY) by 17.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 185,809 shares of the company’s stock after acquiring an additional 27,460 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Sysco were worth $15,300,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Harbor Capital Advisors Inc. increased its holdings in Sysco by 75.0% in the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after buying an additional 135 shares in the last quarter. Peterson Wealth Services increased its stake in Sysco by 875.7% in 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 in the last quarter. Darwin Wealth Management LLC acquired a new position in Sysco during the second quarter worth $31,000. Vermillion & White Wealth Management Group LLC grew its holdings in 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 purchasing an additional 204 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Sysco by 234.3% in the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $35,000 after buying an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Up 2.0%

Shares of NYSE:SYY opened at $89.84 on Friday. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $91.40. The stock’s 50-day moving average price is $77.59 and its two-hundred day moving average price is $78.36. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. The firm has a market cap of $43.03 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 2.74 and a beta of 0.61.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The firm 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%. Sysco’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, research analysts forecast that Sysco Corporation will post 4.58 EPS for the current year.

Insider Transactions at Sysco

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

Analyst Ratings Changes

SYY has been the topic of a number of research reports. Guggenheim increased their price objective on shares of Sysco from $89.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 price objective on shares of Sysco and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Truist Financial lifted their price objective on Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Citigroup raised their price target on Sysco from $81.00 to $88.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, Piper Sandler upped their price objective on Sysco from $80.00 to $83.00 and gave the company a “neutral” rating in a research 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 company’s stock. According to data from MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.38.

About Sysco

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.