17,966 Shares in Sysco Corporation $SYY Bought by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC acquired a new position in shares of Sysco Corporation (NYSE:SYY) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 17,966 shares of the company’s stock, valued at approximately $1,371,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its stake in Sysco by 1.0% during the 1st quarter. Invesco Ltd. now owns 17,070,502 shares of the company’s stock worth $1,280,970,000 after buying an additional 162,961 shares during the last quarter. Boston Partners grew its stake in shares of Sysco by 24.8% in the first quarter. Boston Partners now owns 15,199,828 shares of the company’s stock worth $1,139,798,000 after purchasing an additional 3,015,714 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Sysco by 2.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 7,353,551 shares of the company’s stock worth $551,810,000 after purchasing an additional 146,573 shares in the last quarter. Northern Trust Corp grew its stake in shares of Sysco by 2.6% in the first quarter. Northern Trust Corp now owns 5,828,930 shares of the company’s stock worth $437,403,000 after purchasing an additional 145,477 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Sysco by 8.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,087,250 shares of the company’s stock worth $381,747,000 after purchasing an additional 391,614 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sysco

In other 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 transaction of $77,841.00. Following the completion of the sale, the executive vice president directly owned 41,501 shares of the company’s stock, valued at $3,361,581. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Greg D. Bertrand sold 40,000 shares of the company’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the sale, the executive vice president directly owned 56,304 shares of the company’s stock, valued at approximately $4,504,320. This represents a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,338 shares of company stock valued at $7,439,331. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SYY has been the subject of several recent analyst reports. Wells Fargo & Company set a $88.00 price target on Sysco and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Morgan Stanley increased their price target on Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. Weiss Ratings cut Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. UBS Group set a $90.00 price target on Sysco in a research note on Wednesday, July 30th. Finally, Bank of America increased their price target on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.85.

Sysco Trading Up 0.5%

Shares of Sysco stock opened at $78.44 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75. The firm has a market cap of $37.53 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 2.42 and a beta of 0.82. The business has a fifty day simple moving average of $80.81 and a 200-day simple moving average of $76.37. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.09. The business had revenue of $21.14 billion during the quarter, compared to analyst estimates of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities analysts forecast that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 3rd. Sysco’s dividend payout ratio is currently 57.91%.

About Sysco

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.