GSA Capital Partners LLP Has $1.32 Million Stake in Sysco Corporation $SYY

GSA Capital Partners LLP reduced its holdings in Sysco Corporation (NYSE:SYY) by 31.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 16,023 shares of the company’s stock after selling 7,464 shares during the quarter. GSA Capital Partners LLP’s holdings in Sysco were worth $1,319,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Harbor Capital Advisors Inc. grew its holdings in Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after buying an additional 135 shares during the last quarter. Peterson Wealth Services grew its stake in shares of Sysco by 875.7% in the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after acquiring an additional 324 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Sysco during the second quarter worth $31,000. Vermillion & White Wealth Management Group LLC raised its stake in Sysco by 94.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after purchasing an additional 204 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Sysco by 234.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $35,000 after purchasing an additional 321 shares during the period. 83.41% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the sale, the executive vice president directly owned 35,965 shares of the company’s stock, valued at $2,913,165. This represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the transaction, the director owned 12,868 shares of the company’s stock, valued at $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. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

SYY has been the topic of several research reports. Jefferies Financial Group boosted their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Truist Financial boosted their price target on Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Barclays upped their price target on Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 price objective on Sysco and gave the stock a “market perform” rating in a report on Wednesday, January 28th. Finally, Morgan Stanley cut their target price on Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.69.

Sysco Stock Down 0.4%

SYY opened at $89.31 on Thursday. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30. The firm has a market cap of $42.78 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 2.79 and a beta of 0.61. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $91.85. The firm’s 50-day simple moving average is $78.95 and its 200-day simple moving average is $78.63.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The company had revenue of $20.76 billion during the quarter, compared to analysts’ expectations of $20.80 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. Sysco’s quarterly revenue was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Equities research analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal 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.