Equitable Trust Co. Sells 12,992 Shares of Sysco Corporation $SYY

Equitable Trust Co. decreased its holdings in Sysco Corporation (NYSE:SYY) by 28.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 32,146 shares of the company’s stock after selling 12,992 shares during the period. Equitable Trust Co.’s holdings in Sysco were worth $2,647,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. purchased a new position in shares of Sysco during the third quarter valued at approximately $25,000. Harbor Capital Advisors Inc. grew its position in Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares during the period. Peterson Wealth Services raised its stake in 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 shares of Sysco during the 2nd quarter valued at $31,000. Finally, Vermillion & White Wealth Management Group LLC boosted its stake 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 buying an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Trading Down 0.8%

Sysco stock opened at $89.39 on Tuesday. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $91.85. The firm has a market capitalization of $42.81 billion, a price-to-earnings ratio of 24.03, a P/E/G ratio of 2.80 and a beta of 0.61. The firm has a 50 day moving average of $79.86 and a 200 day moving average of $78.83. 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 (NYSE:SYY) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $20.76 billion for 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%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter 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. As a group, research analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Insider Buying and Selling at Sysco

In related news, 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 value of $232,454.99. Following the completion of the transaction, the director owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. This represents a 17.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the sale, the executive vice president directly owned 35,965 shares in the company, valued at approximately $2,913,165. This represents a 13.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SYY. 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. Argus raised shares of Sysco to a “hold” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. raised their price objective on shares of Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Barclays boosted their target price on shares of Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Finally, Morgan Stanley decreased their price target on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and an average target price of $90.31.

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.