Sysco Corporation $SYY Shares Sold by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC lessened its stake in shares of Sysco Corporation (NYSE:SYY) by 19.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,398 shares of the company’s stock after selling 1,266 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Sysco were worth $409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Facet Wealth Inc. raised its position in Sysco by 1.2% during the 2nd quarter. Facet Wealth Inc. now owns 10,671 shares of the company’s stock worth $849,000 after buying an additional 131 shares during the last quarter. Ellis Investment Partners LLC boosted its holdings in shares of Sysco by 4.9% in the second quarter. Ellis Investment Partners LLC now owns 2,820 shares of the company’s stock valued at $214,000 after acquiring an additional 133 shares in the last quarter. Stephens Inc. AR increased its stake in shares of Sysco by 0.6% during the second quarter. Stephens Inc. AR now owns 25,040 shares of the company’s stock worth $1,897,000 after acquiring an additional 140 shares during the period. Trust Co of the South raised its holdings in Sysco by 3.0% during the second quarter. Trust Co of the South now owns 4,849 shares of the company’s stock worth $367,000 after purchasing an additional 142 shares in the last quarter. Finally, NorthRock Partners LLC lifted its position in Sysco by 2.2% in the second quarter. NorthRock Partners LLC now owns 6,514 shares of the company’s stock valued at $493,000 after purchasing an additional 142 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SYY has been the topic of several recent analyst reports. Guggenheim boosted their target price on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Morgan Stanley set a $88.00 price target on shares of Sysco in a report on Tuesday, October 21st. Sanford C. Bernstein assumed coverage on shares of Sysco in a research note on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price objective for the company. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Barclays increased their target price on shares of Sysco from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Sysco Stock Performance

NYSE:SYY opened at $76.20 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 5.54. The company has a market capitalization of $36.49 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. The firm has a 50-day moving average price of $77.69 and a two-hundred day moving average price of $77.57. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business had revenue of $21.15 billion for the quarter, compared to analyst estimates of $21.03 billion. During the same period in the prior year, the business earned $1.09 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, January 2nd. Sysco’s payout ratio is 57.91%.

Insider Activity

In related news, EVP Ronald L. Phillips sold 961 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total transaction of $77,841.00. Following the sale, the executive vice president owned 41,501 shares of the company’s stock, valued at $3,361,581. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by corporate insiders.

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.