ARQ Wealth Advisors LLC Invests $510,000 in Sysco Corporation $SYY

ARQ Wealth Advisors LLC purchased a new stake in Sysco Corporation (NYSE:SYY) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,195 shares of the company’s stock, valued at approximately $510,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Gateway Investment Advisers LLC grew its stake in Sysco by 594.8% during the 3rd quarter. Gateway Investment Advisers LLC now owns 85,622 shares of the company’s stock valued at $7,050,000 after acquiring an additional 73,298 shares in the last quarter. Norges Bank purchased a new position in Sysco in the 2nd quarter worth approximately $493,686,000. AE Wealth Management LLC boosted its holdings in shares of Sysco by 320.9% during the 3rd quarter. AE Wealth Management LLC now owns 79,589 shares of the company’s stock worth $6,553,000 after purchasing an additional 60,680 shares during the last quarter. Krilogy Financial LLC grew its position in shares of Sysco by 65.6% in the third quarter. Krilogy Financial LLC now owns 42,435 shares of the company’s stock valued at $3,494,000 after purchasing an additional 16,807 shares in the last quarter. Finally, Accurate Wealth Management LLC purchased a new stake in shares of Sysco in the third quarter valued at approximately $2,497,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Transactions at Sysco

In other news, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the transaction, the director directly owned 12,868 shares of the company’s stock, valued at $1,067,915.32. The trade was a 17.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 value of $453,681.00. Following the sale, the executive vice president owned 35,965 shares of the company’s stock, valued at $2,913,165. The trade was a 13.47% decrease in their position. The SEC filing for this sale provides additional information. 0.56% of the stock is currently owned by insiders.

Sysco Stock Performance

Sysco stock opened at $84.25 on Wednesday. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $91.85. The company has a market capitalization of $40.35 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.63 and a beta of 0.58. The stock has a fifty day moving average of $83.91 and a two-hundred day moving average of $79.58. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share 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 business had revenue of $20.76 billion during the quarter, compared to analyst estimates of $20.80 billion. During the same quarter in the previous 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, analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be issued a $0.54 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.6%. Sysco’s dividend payout ratio (DPR) is presently 58.06%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SYY. Piper Sandler lifted their price objective on Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Barclays upped their target price on Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Wells Fargo & Company lifted their price target on Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Citigroup boosted their price target on shares of Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.31.

Sysco Company 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.