Wedbush Securities Inc. Has $453,000 Holdings in Sysco Corporation $SYY

Wedbush Securities Inc. decreased its position in Sysco Corporation (NYSE:SYY) by 26.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,984 shares of the company’s stock after selling 2,206 shares during the period. Wedbush Securities Inc.’s holdings in Sysco were worth $453,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Chung Wu Investment Group LLC acquired a new position in shares of Sysco in the 2nd quarter valued at about $30,000. N.E.W. Advisory Services LLC bought a new stake in Sysco in the first quarter worth approximately $33,000. Cheviot Value Management LLC bought a new stake in Sysco in the first quarter worth approximately $34,000. 1248 Management LLC acquired a new position in Sysco in the first quarter valued at approximately $35,000. Finally, Banque Transatlantique SA bought a new position in shares of Sysco during the 1st quarter worth approximately $35,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Performance

Shares of Sysco stock opened at $75.48 on Wednesday. The business’s fifty day simple moving average is $79.22 and its 200 day simple moving average is $77.17. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 5.54. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $83.47. The firm has a market capitalization of $36.14 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79.

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

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 3rd were paid a dividend of $0.54 per share. The ex-dividend date was Friday, October 3rd. This represents a $2.16 annualized dividend and a dividend yield of 2.9%. Sysco’s dividend payout ratio (DPR) is presently 57.91%.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SYY shares. Morgan Stanley set a $88.00 price target on shares of Sysco in a research note on Tuesday, October 21st. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings downgraded Sysco from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday. Guggenheim increased their price target on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Finally, Wells Fargo & Company set a $88.00 price objective on Sysco and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

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.