Drucker Wealth 3.0 LLC Takes $1.37 Million Position in Sysco Corporation $SYY

Key Points

• Drucker Wealth 3.0 LLC has acquired a new stake in Sysco Corporation, purchasing 17,966 shares valued at approximately $1.37 million during the second quarter.
• Analysts have overwhelmingly rated Sysco as a "Buy," with ten out of fifteen research analysts providing this rating, and a consensus target price set at $85.85.
• Sysco recently declared a quarterly dividend of $0.54, translating to an annualized yield of 2.8%, with the dividend payment date set for October 24th.

Drucker Wealth 3.0 LLC acquired a new stake in Sysco Corporation (NYSE:SYY - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,966 shares of the company's stock, valued at approximately $1,371,000.

Several other hedge funds and other institutional investors have also modified their holdings of SYY. Farther Finance Advisors LLC lifted its stake in shares of Sysco by 30.9% in the 1st quarter. Farther Finance Advisors LLC now owns 5,502 shares of the company's stock valued at $415,000 after purchasing an additional 1,298 shares in the last quarter. Focus Financial Network Inc. lifted its position in Sysco by 5.9% during the 1st quarter. Focus Financial Network Inc. now owns 3,994 shares of the company's stock worth $300,000 after acquiring an additional 221 shares in the last quarter. Verity & Verity LLC lifted its position in Sysco by 6.1% during the 1st quarter. Verity & Verity LLC now owns 7,029 shares of the company's stock worth $527,000 after acquiring an additional 402 shares in the last quarter. Everhart Financial Group Inc. lifted its position in Sysco by 12.1% during the 1st quarter. Everhart Financial Group Inc. now owns 5,871 shares of the company's stock worth $441,000 after acquiring an additional 632 shares in the last quarter. Finally, Stanley Laman Group Ltd. lifted its position in Sysco by 1.4% during the 1st quarter. Stanley Laman Group Ltd. now owns 46,459 shares of the company's stock worth $3,486,000 after acquiring an additional 660 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on SYY. Truist Financial boosted their price target on Sysco from $81.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Bank of America boosted their price target on Sysco from $81.00 to $93.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Wall Street Zen raised Sysco from a "hold" rating to a "buy" rating in a research report on Saturday. Wells Fargo & Company set a $88.00 price target on Sysco and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, Morgan Stanley upped their target price on Sysco from $72.00 to $77.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $85.85.

Sysco Stock Performance

Shares of SYY opened at $78.44 on Friday. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47. 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 $37.53 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.42 and a beta of 0.82. The business's 50 day moving average is $80.81 and its two-hundred day moving average is $76.37.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.09. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The business had revenue of $21.14 billion during the quarter, compared to the consensus estimate of $21.01 billion. During the same period in the previous year, the business earned $1.39 EPS. The business'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. Analysts forecast 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 will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd 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 is Friday, October 3rd. Sysco's payout ratio is 57.91%.

Insider Buying and Selling

In other news, EVP Ronald L. Phillips sold 961 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the completion of the sale, the executive vice president directly owned 41,501 shares in the company, valued at approximately $3,361,581. The trade was a 2.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the sale, 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. Insiders sold a total of 92,338 shares of company stock valued at $7,439,331 over the last quarter. Company insiders own 0.54% of the company's stock.

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.

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