Goelzer Investment Management Inc. Lowers Stock Position in Sysco Corporation $SYY

Goelzer Investment Management Inc. cut its stake in shares of Sysco Corporation (NYSE:SYY) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 80,129 shares of the company’s stock after selling 641 shares during the period. Goelzer Investment Management Inc.’s holdings in Sysco were worth $6,069,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Rialto Wealth Management LLC grew its stake in shares of Sysco by 188.7% during the 1st quarter. Rialto Wealth Management LLC now owns 332 shares of the company’s stock valued at $25,000 after buying an additional 217 shares during the period. Golden State Wealth Management LLC grew its stake in shares of Sysco by 48.4% during the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock valued at $32,000 after buying an additional 140 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of Sysco during the 1st quarter valued at $33,000. Capital A Wealth Management LLC purchased a new stake in Sysco during the 4th quarter worth $34,000. Finally, Cheviot Value Management LLC purchased a new stake in Sysco during the 1st quarter worth $34,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays upped their price target on shares of Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Bank of America upped their price target on shares of Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. 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 report on Wednesday, July 30th. Citigroup began coverage on shares of Sysco in a report on Thursday, May 22nd. They issued a “neutral” rating and a $78.00 price objective on the stock. Finally, Guggenheim boosted their price objective on shares of Sysco from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and an average target price of $85.69.

Insider Activity

In other news, EVP Ronald L. Phillips sold 37,606 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total value of $3,046,086.00. Following the completion of the transaction, the executive vice president directly owned 30,235 shares in the company, valued at $2,449,035. This trade represents a 55.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the completion of the transaction, the executive vice president owned 56,304 shares of the company’s stock, valued at $4,504,320. This trade represents a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,338 shares of company stock valued at $7,439,331. 0.54% of the stock is owned by insiders.

Sysco Price Performance

SYY opened at $81.56 on Wednesday. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.17. 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 $39.54 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 2.47 and a beta of 0.80. The company’s 50-day moving average price is $79.87 and its 200 day moving average price is $75.43.

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

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be given a $0.54 dividend. The ex-dividend date is Friday, October 3rd. This represents a $2.16 annualized dividend and a yield of 2.6%. Sysco’s dividend payout ratio is 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.