Sysco Corporation $SYY Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC grew its holdings in shares of Sysco Corporation (NYSE:SYY) by 320.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,589 shares of the company’s stock after purchasing an additional 60,680 shares during the period. AE Wealth Management LLC’s holdings in Sysco were worth $6,553,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Gateway Investment Advisers LLC increased its position in shares of Sysco by 594.8% in the third quarter. Gateway Investment Advisers LLC now owns 85,622 shares of the company’s stock worth $7,050,000 after acquiring an additional 73,298 shares in the last quarter. Norges Bank purchased a new position in Sysco during the 2nd quarter worth approximately $493,686,000. Accurate Wealth Management LLC acquired a new stake in Sysco during the 3rd quarter valued at $2,497,000. Brighton Jones LLC lifted its holdings in shares of Sysco by 4.3% in the second quarter. Brighton Jones LLC now owns 90,338 shares of the company’s stock valued at $6,842,000 after purchasing an additional 3,760 shares in the last quarter. Finally, Shell Asset Management Co. boosted its position in shares of Sysco by 31.6% in the second quarter. Shell Asset Management Co. now owns 19,218 shares of the company’s stock worth $1,456,000 after buying an additional 4,620 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

SYY stock opened at $83.85 on Friday. The company has a market capitalization of $40.16 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 2.67 and a beta of 0.61. The firm has a 50 day moving average of $75.61 and a two-hundred day moving average of $77.90. The company has a quick ratio of 0.65, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $85.33.

Sysco (NYSE:SYY) last issued its quarterly earnings data 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 net margin of 2.17% and a return on equity of 109.21%. The firm had revenue of $20.76 billion during the quarter, compared to analysts’ expectations of $20.80 billion. During the same period in the prior year, the company posted $0.93 earnings per share. Sysco’s revenue for the quarter 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, equities analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd were given a $0.54 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.6%. Sysco’s dividend payout ratio (DPR) is currently 58.06%.

Insider Buying and Selling at Sysco

In related news, EVP Ronald L. Phillips sold 5,601 shares of the company’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the sale, the executive vice president directly owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This represents a 13.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday. Argus upgraded shares of Sysco to a “hold” rating in a report on Thursday. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a research note on Wednesday. UBS Group increased their target price on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Barclays boosted their price target on shares of Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $89.38.

Sysco Company Profile

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.