Madison Asset Management LLC Invests $1.53 Million in Sysco Corporation $SYY

Madison Asset Management LLC acquired a new stake in Sysco Corporation (NYSE:SYY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,529 shares of the company’s stock, valued at approximately $1,526,000.

A number of other institutional investors also recently bought and sold shares of the company. Krilogy Financial LLC increased its position in shares of Sysco by 65.6% in the third quarter. Krilogy Financial LLC now owns 42,435 shares of the company’s stock valued at $3,494,000 after buying an additional 16,807 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Sysco by 2.1% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 18,969 shares of the company’s stock valued at $1,562,000 after acquiring an additional 391 shares during the last quarter. Wealthfront Advisers LLC grew its stake in Sysco by 12.7% in the 3rd quarter. Wealthfront Advisers LLC now owns 92,113 shares of the company’s stock valued at $7,585,000 after acquiring an additional 10,366 shares during the last quarter. Means Investment CO. Inc. acquired a new position in Sysco during the third quarter worth about $208,000. Finally, Candriam S.C.A. raised its position in Sysco by 43.9% during the third quarter. Candriam S.C.A. now owns 249,841 shares of the company’s stock worth $20,572,000 after acquiring an additional 76,160 shares during the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SYY has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Jefferies Financial Group increased their target price on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Barclays raised their price target on Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Guggenheim upped their price objective on Sysco from $89.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sysco has an average rating of “Moderate Buy” and a consensus target price of $89.38.

Sysco Trading Up 0.4%

NYSE SYY opened at $88.00 on Thursday. The company has a market cap of $42.15 billion, a P/E ratio of 23.66, a P/E/G ratio of 2.72 and a beta of 0.61. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $88.66. 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 50-day moving average of $77.26 and a 200-day moving average of $78.27.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The business had revenue of $20.76 billion for the quarter, compared to analysts’ expectations of $20.80 billion. During the same period last year, the company earned $0.93 earnings per share. The company’s quarterly 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 analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Insiders Place Their Bets

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 value of $453,681.00. Following the transaction, the executive vice president directly owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 sale, the director directly owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.56% of the company’s stock.

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.