Stratos Wealth Partners LTD. Acquires 9,097 Shares of Sysco Corporation $SYY

Stratos Wealth Partners LTD. grew its holdings in shares of Sysco Corporation (NYSE:SYY) by 95.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 18,578 shares of the company’s stock after buying an additional 9,097 shares during the period. Stratos Wealth Partners LTD.’s holdings in Sysco were worth $1,407,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Invesco Ltd. boosted its holdings in shares of Sysco by 1.0% during the 1st quarter. Invesco Ltd. now owns 17,070,502 shares of the company’s stock valued at $1,280,970,000 after buying an additional 162,961 shares in the last quarter. Boston Partners boosted its holdings in shares of Sysco by 24.8% during the 1st quarter. Boston Partners now owns 15,199,828 shares of the company’s stock valued at $1,139,798,000 after buying an additional 3,015,714 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of Sysco by 2.0% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 7,353,551 shares of the company’s stock valued at $551,810,000 after buying an additional 146,573 shares in the last quarter. Northern Trust Corp boosted its stake in Sysco by 2.6% in the 1st 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 boosted its stake in Sysco by 8.3% in the 1st 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. Institutional investors own 83.41% of the company’s stock.

Insider Activity at Sysco

In other news, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were 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 owned 41,501 shares of the company’s stock, valued at $3,361,581. This represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 14,732 shares of company stock worth $1,193,245. 0.56% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SYY shares. Morgan Stanley set a $88.00 price target on shares of Sysco in a research note on Tuesday. Weiss Ratings cut shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. UBS Group set a $90.00 price target on shares of Sysco in a research note on Wednesday, July 30th. Truist Financial upped their price target on shares of Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, Guggenheim upped their price target on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Ten research analysts have rated the stock with a Buy rating and five 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 $87.31.

Sysco Price Performance

Shares of NYSE:SYY opened at $79.14 on Wednesday. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. The business has a 50-day simple moving average of $80.70 and a two-hundred day simple moving average of $76.64. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. The firm has a market cap of $37.87 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.47 and a beta of 0.82.

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

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 annualized dividend and a dividend yield of 2.7%. Sysco’s dividend payout ratio is presently 57.91%.

Sysco Company 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.