Mondrian Investment Partners LTD Takes $142.24 Million Position in Sysco Corporation $SYY

Mondrian Investment Partners LTD bought a new position in shares of Sysco Corporation (NYSE:SYY) during the third quarter, Holdings Channel.com reports. The fund bought 1,727,437 shares of the company’s stock, valued at approximately $142,237,000. Sysco comprises 2.4% of Mondrian Investment Partners LTD’s portfolio, making the stock its 14th biggest holding.

A number of other hedge funds have also recently bought and sold shares of SYY. 1620 Investment Advisors Inc. increased its holdings in shares of Sysco by 2.6% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 4,904 shares of the company’s stock worth $404,000 after purchasing an additional 126 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Sysco by 0.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 40,852 shares of the company’s stock worth $3,364,000 after buying an additional 130 shares in the last quarter. Facet Wealth Inc. increased its stake in Sysco by 1.2% during the second quarter. Facet Wealth Inc. now owns 10,671 shares of the company’s stock valued at $849,000 after acquiring an additional 131 shares during the period. Silver Oak Securities Incorporated increased its stake in Sysco by 4.0% during the third quarter. Silver Oak Securities Incorporated now owns 3,493 shares of the company’s stock valued at $288,000 after acquiring an additional 134 shares during the period. Finally, Harbor Capital Advisors Inc. raised 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 acquiring an additional 135 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Ronald L. Phillips sold 5,601 shares of Sysco stock in a transaction dated 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 $2,913,165. The trade was a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the transaction, the director owned 12,868 shares in the company, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on SYY shares. Jefferies Financial Group boosted their price objective on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Morgan Stanley dropped 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 note on Tuesday, January 20th. Truist Financial raised their price objective on shares of Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, UBS Group upped 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. 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.69.

Sysco Price Performance

NYSE:SYY opened at $90.49 on Tuesday. The firm has a market cap of $43.34 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 2.81 and a beta of 0.61. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $91.40. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. The company’s 50-day moving average price is $78.30 and its two-hundred day moving average price is $78.49.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share 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 company had revenue of $20.76 billion during the quarter, compared to analyst estimates of $20.80 billion. During the same quarter last year, the business posted $0.93 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, equities analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

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.