Assetmark Inc. Grows Stock Holdings in Sysco Corporation $SYY

Assetmark Inc. increased its stake in Sysco Corporation (NYSE:SYY) by 6.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 171,824 shares of the company’s stock after buying an additional 10,547 shares during the period. Assetmark Inc.’s holdings in Sysco were worth $12,256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SYY. Lloyd Advisory Services LLC. bought a new stake in Sysco during the 4th quarter valued at about $25,000. Motiv8 Investments LLC purchased a new position in shares of Sysco in the fourth quarter worth $25,000. Torren Management LLC bought a new position in shares of Sysco during the fourth quarter valued at $27,000. Bard Associates Inc. bought a new position in Sysco during the 4th quarter valued at about $27,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of Sysco during the 4th quarter valued at about $28,000. Institutional investors own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Guggenheim reduced their price objective on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Morgan Stanley increased their price target on shares of Sysco from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft lowered shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a report on Tuesday, April 28th. UBS Group decreased their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Finally, Barclays cut their target price on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $88.00.

Insider Buying and Selling at Sysco

In other news, Director John M. Hinshaw purchased 13,304 shares of the stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the acquisition, the director owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. This represents a 49.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Sysco Trading Down 1.1%

SYY stock opened at $80.79 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58. The stock has a market capitalization of $38.63 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 3.12 and a beta of 0.64. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85. The firm’s fifty day simple moving average is $78.79 and its two-hundred day simple moving average is $79.53.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share 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 business had revenue of $20.52 billion during the quarter, compared to analysts’ expectations of $20.56 billion. During the same quarter in the previous year, the business earned $0.96 EPS. The business’s revenue for the quarter 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 anticipate that Sysco Corporation will post 4.59 earnings per share 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.