AXQ Capital LP Takes Position in Sysco Corporation $SYY

AXQ Capital LP acquired a new position in shares of Sysco Corporation (NYSE:SYY) during the 3rd quarter, Holdings Channel reports. The fund acquired 17,050 shares of the company’s stock, valued at approximately $1,404,000. Sysco accounts for about 0.5% of AXQ Capital LP’s portfolio, making the stock its 22nd largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Sysco during the 3rd quarter worth $25,000. Harbor Capital Advisors Inc. increased its position in shares of Sysco by 75.0% during the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares during the last quarter. Peterson Wealth Services boosted its stake 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 buying an additional 324 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Sysco during the 2nd quarter valued at $31,000. Finally, Vermillion & White Wealth Management Group LLC increased its position in shares of Sysco by 94.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after purchasing an additional 204 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SYY shares. Sanford C. Bernstein set a $90.00 price target on Sysco and gave the company a “market perform” rating in a research report on Wednesday, January 28th. UBS Group increased their price objective on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Wells Fargo & Company boosted their price objective on Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday. Jefferies Financial Group boosted their target price on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Citigroup raised their target price on shares of Sysco from $81.00 to $88.00 and gave the stock a “neutral” rating in a 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Sysco Stock Down 0.8%

Shares of Sysco stock opened at $89.39 on Tuesday. 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 1 year low of $67.12 and a 1 year high of $91.85. The stock has a 50-day moving average price of $79.86 and a 200 day moving average price of $78.83. The company has a market cap of $42.81 billion, a P/E ratio of 24.03, a P/E/G ratio of 2.80 and a beta of 0.61.

Sysco (NYSE:SYY) last posted its quarterly 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. The business had revenue of $20.76 billion during the quarter, compared to analyst estimates of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, analysts expect that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction 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 in the company, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the transaction, the director owned 12,868 shares in the company, valued at $1,067,915.32. This trade represents a 17.88% decrease in their position. The SEC filing for this sale provides additional information. 0.56% of the stock is owned by corporate insiders.

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.