Sysco Corporation $SYY Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in shares of Sysco Corporation (NYSE:SYY) by 4.2% in the third quarter, Holdings Channel reports. The institutional investor owned 462,580 shares of the company’s stock after selling 20,276 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Sysco were worth $38,089,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. raised its position 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 purchasing an additional 135 shares during the period. Peterson Wealth Services grew its holdings in shares of Sysco by 875.7% during the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after purchasing an additional 324 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Sysco during the 2nd quarter worth about $31,000. Vermillion & White Wealth Management Group LLC raised its holdings in Sysco by 94.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after buying an additional 204 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in 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 during the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Performance

Shares of SYY stock opened at $90.49 on Tuesday. The firm has a 50 day moving average of $78.30 and a two-hundred day moving average of $78.49. The stock has a market capitalization of $43.34 billion, a PE ratio of 24.33, a P/E/G ratio of 2.81 and a beta of 0.61. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $91.40.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) 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 analysts’ expectations of $20.80 billion. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last 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 predict that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SYY shares. Argus upgraded shares of Sysco to a “hold” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. lifted their target price on shares of Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research report on Monday, December 29th. Finally, Barclays lifted their price objective on Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and an average target price of $89.69.

Insider Transactions at Sysco

In other news, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. The trade was a 13.47% decrease in their ownership of the stock. 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 firm’s stock in a transaction that occurred 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 sale, the director directly owned 12,868 shares in the company, valued at approximately $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 company 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.