AE Wealth Management LLC Boosts Stake in Sysco Corporation $SYY

AE Wealth Management LLC boosted its stake in Sysco Corporation (NYSE:SYY) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,909 shares of the company’s stock after buying an additional 718 shares during the period. AE Wealth Management LLC’s holdings in Sysco were worth $1,432,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Boyd Watterson Asset Management LLC OH increased its stake in shares of Sysco by 106.4% during the first quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company’s stock worth $236,000 after acquiring an additional 1,622 shares during the period. Gradient Investments LLC boosted its holdings in Sysco by 9.2% in the 2nd quarter. Gradient Investments LLC now owns 189,169 shares of the company’s stock valued at $14,328,000 after purchasing an additional 15,906 shares in the last quarter. Beacon Financial Group increased its position in Sysco by 55.5% during the 2nd quarter. Beacon Financial Group now owns 9,955 shares of the company’s stock worth $754,000 after purchasing an additional 3,554 shares during the period. Brighton Jones LLC raised its stake in shares of Sysco by 4.3% during the 2nd quarter. Brighton Jones LLC now owns 90,338 shares of the company’s stock worth $6,842,000 after buying an additional 3,760 shares in the last quarter. Finally, Shell Asset Management Co. raised its stake in shares of Sysco by 31.6% during the 2nd quarter. Shell Asset Management Co. now owns 19,218 shares of the company’s stock worth $1,456,000 after buying an additional 4,620 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Price Performance

Sysco stock opened at $75.39 on Thursday. The stock has a market capitalization of $36.10 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.19 and a beta of 0.79. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.70. The firm’s 50-day moving average is $79.11 and its two-hundred day moving average is $77.16.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business had revenue of $21.15 billion during the quarter, compared to analyst estimates of $21.03 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.16 annualized dividend and a dividend yield of 2.9%. Sysco’s dividend payout ratio (DPR) is 57.91%.

Analyst Ratings Changes

A number of research analysts recently weighed in on SYY shares. Citigroup dropped their price objective on Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Wells Fargo & Company set a $88.00 target price on shares of Sysco and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings downgraded shares of Sysco from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, November 7th. Finally, Barclays upped their target price on shares of Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Sysco has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the completion of the transaction, the executive vice president directly owned 41,501 shares in the company, valued at approximately $3,361,581. This represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Sysco Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.