Iowa State Bank Has $1.40 Million Stock Position in Sysco Corporation $SYY

Iowa State Bank decreased its stake in shares of Sysco Corporation (NYSE:SYY) by 2.3% during the 2nd quarter, Holdings Channel reports. The firm owned 18,431 shares of the company’s stock after selling 442 shares during the period. Iowa State Bank’s holdings in Sysco were worth $1,396,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Golden State Wealth Management LLC increased its position 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 worth $32,000 after purchasing an additional 140 shares during the last quarter. Trust Co of the South increased its holdings in shares of Sysco by 3.0% during the 2nd quarter. Trust Co of the South now owns 4,849 shares of the company’s stock worth $367,000 after acquiring an additional 142 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Sysco by 1.6% during the 1st quarter. Chicago Partners Investment Group LLC now owns 8,898 shares of the company’s stock worth $627,000 after acquiring an additional 143 shares during the last quarter. BSW Wealth Partners increased its holdings in shares of Sysco by 2.3% during the 2nd quarter. BSW Wealth Partners now owns 6,449 shares of the company’s stock worth $488,000 after acquiring an additional 146 shares during the last quarter. Finally, One Wealth Advisors LLC increased its holdings in shares of Sysco by 3.3% during the 1st quarter. One Wealth Advisors LLC now owns 4,698 shares of the company’s stock worth $353,000 after acquiring an additional 151 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

Shares of NYSE SYY opened at $82.21 on Monday. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. The stock’s fifty day moving average price is $80.86 and its two-hundred day moving average price is $76.15. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47. The firm has a market cap of $39.85 billion, a price-to-earnings ratio of 22.04, a P/E/G ratio of 2.54 and a beta of 0.82.

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

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Investors 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 yield of 2.6%. Sysco’s dividend payout ratio is currently 57.91%.

Insider Activity

In related 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Greg D. Bertrand sold 40,000 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the sale, the executive vice president directly owned 56,304 shares of the company’s stock, valued at $4,504,320. This represents a 41.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,338 shares of company stock valued at $7,439,331 in the last ninety days. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Morgan Stanley boosted their target price on Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a report on Monday, July 14th. Guggenheim boosted their target price on Sysco from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Truist Financial boosted their target price on Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Sysco in a report on Saturday, September 27th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and an average target price of $85.69.

Sysco 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.