Kingsview Wealth Management LLC Buys New Holdings in Sysco Corporation $SYY

Posted by Stanley Muller on Aug 31st, 2026

Kingsview Wealth Management LLC purchased a new position in Sysco Corporation (NYSE:SYY – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,915 shares of the company’s stock, valued at approximately $829,000.

Several other hedge funds have also recently modified their holdings of SYY. Nicholas Company Inc. purchased a new position in shares of Sysco during the 4th quarter worth about $2,278,000. United Capital Financial Advisors LLC bought a new stake in Sysco in the second quarter worth about $2,633,000. Norges Bank bought a new stake in Sysco in the fourth quarter worth about $542,780,000. Banque Cantonale Vaudoise boosted its position in shares of Sysco by 301.9% during the first quarter. Banque Cantonale Vaudoise now owns 16,828 shares of the company’s stock valued at $1,200,000 after buying an additional 12,641 shares during the period. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of Sysco during the fourth quarter valued at approximately $52,672,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

Shares of NYSE:SYY opened at $81.95 on Monday. The firm’s 50 day simple moving average is $83.05 and its 200-day simple moving average is $80.54. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28. Sysco Corporation has a one year low of $68.19 and a one year high of $91.85. The firm has a market cap of $39.26 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64.

Sysco (NYSE:SYY – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. Sysco had a return on equity of 95.05% and a net margin of 2.08%.The firm had revenue of $22.12 billion during the quarter, compared to analyst estimates of $21.95 billion. During the same quarter in the previous year, the business earned $1.48 earnings per share. Sysco’s quarterly revenue was up 4.7% on a year-over-year basis. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. As a group, equities analysts predict that Sysco Corporation will post 5.12 EPS for the current year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 2nd will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 2nd. Sysco’s dividend payout ratio is currently 60.11%.

Insider Activity

In other news, EVP Ronald L. Phillips sold 7,350 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $83.61, for a total transaction of $614,533.50. Following the transaction, the executive vice president owned 38,650 shares of the company’s stock, valued at approximately $3,231,526.50. This represents a 15.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 14,508 shares of company stock worth $1,215,250. 0.56% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SYY has been the topic of several recent analyst reports. Weiss Ratings upgraded Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 19th. Morgan Stanley boosted their price objective on Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Melius Research downgraded Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Citigroup increased their target price on Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Piper Sandler lifted their target price on Sysco from $77.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.50.

Check Out Our Latest Stock Report on SYY

Sysco Company Profile

(Free Report)

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.