Sysco Corporation $SYY Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. decreased its position in Sysco Corporation (NYSE:SYY) by 41.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 489,982 shares of the company’s stock after selling 342,893 shares during the period. Montrusco Bolton Investments Inc. owned approximately 0.10% of Sysco worth $40,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in Sysco during the 2nd quarter valued at approximately $493,686,000. Mondrian Investment Partners LTD acquired a new stake in Sysco during the 3rd quarter worth about $142,237,000. Vanguard Group Inc. raised its stake in shares of Sysco by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after buying an additional 1,226,381 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Sysco by 207.6% in the 2nd quarter. Marshall Wace LLP now owns 1,164,656 shares of the company’s stock valued at $88,211,000 after buying an additional 785,995 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Sysco by 143.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,215,260 shares of the company’s stock worth $92,044,000 after buying an additional 715,663 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BMO Capital Markets reissued an “outperform” rating on shares of Sysco in a report on Wednesday, January 28th. UBS Group boosted their target price on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Barclays increased their price target on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Morgan Stanley decreased their price objective on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Finally, Jefferies Financial Group increased their target price on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Sysco presently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Sysco Stock Down 0.8%

SYY opened at $89.16 on Thursday. The company has a market cap of $42.70 billion, a PE ratio of 23.97, a price-to-earnings-growth 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 company has a 50-day moving average price of $80.42 and a 200 day moving average price of $78.96. 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 (NYSE:SYY) last posted its quarterly earnings data 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 return on equity of 109.21% and a net margin of 2.17%.The company had revenue of $20.76 billion for the quarter, compared to analysts’ expectations of $20.80 billion. During the same period in the previous year, the firm posted $0.93 EPS. Sysco’s 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. Sell-side analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Insider Activity at Sysco

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 completion of the transaction, the executive vice president directly owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This represents a 13.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the firm’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 in the company, valued at $1,067,915.32. The trade was a 17.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is currently owned by insiders.

About Sysco

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.