Sysco Corporation $SYY Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Sysco Corporation (NYSE:SYY) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 204,530 shares of the company’s stock after selling 9,684 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Sysco were worth $14,936,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SYY. Jackson Grant Investment Advisers Inc. acquired a new position in Sysco in the third quarter valued at approximately $25,000. Harbor Capital Advisors Inc. raised its position in shares of Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares during the period. Peterson Wealth Services lifted its holdings in shares of Sysco by 875.7% in the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after purchasing an additional 324 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Sysco in the 2nd quarter worth approximately $31,000. Finally, Vermillion & White Wealth Management Group LLC boosted its position in Sysco by 94.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after purchasing an additional 204 shares during the period. Institutional investors own 83.41% of the company’s stock.

Insider Activity

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the transaction, the executive vice president owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the sale, the director owned 12,868 shares in the company, valued at $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.56% of the company’s stock.

Sysco Stock Up 0.6%

SYY opened at $82.80 on Thursday. The stock’s 50 day moving average price is $84.79 and its 200 day moving average price is $79.61. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75. The stock has a market cap of $39.66 billion, a P/E ratio of 22.26, a P/E/G ratio of 2.56 and a beta of 0.58. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $91.85.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The company 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 firm posted $0.93 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, research analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, April 2nd. Sysco’s payout ratio is currently 58.06%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SYY. Sanford C. Bernstein set a $90.00 price objective on Sysco and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Wells Fargo & Company boosted their price target on shares of Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Weiss Ratings upgraded shares of Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 24th. Argus raised shares of Sysco to a “hold” rating in a report on Thursday, January 29th. Finally, Guggenheim reiterated a “buy” rating on shares of Sysco in a research report on Thursday, March 5th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

About Sysco

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.