Wealth Enhancement Advisory Services LLC Sells 4,732 Shares of Sysco Corporation $SYY

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Sysco Corporation by 2.1%, selling 4,732 shares, and now holds 218,778 shares valued at approximately $16.88 million.
• Sysco Corporation reported earnings per share (EPS) of $1.48 for the last quarter, exceeding analysts' expectations of $1.39, and the company projected FY 2026 EPS guidance between 4.500-4.600.
• The company announced a quarterly dividend of $0.54 per share, representing a 2.6% yield, to be paid on October 24th to stockholders of record on October 3rd.

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of Sysco Corporation (NYSE:SYY - Free Report) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 218,778 shares of the company's stock after selling 4,732 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Sysco were worth $16,885,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SYY. NorthCrest Asset Manangement LLC boosted its holdings in Sysco by 4.9% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 2,956 shares of the company's stock worth $226,000 after purchasing an additional 139 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Sysco by 48.4% in the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock worth $32,000 after buying an additional 140 shares during the last quarter. Trust Co of the South boosted its stake 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 in 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 valued at $627,000 after acquiring an additional 143 shares during the last quarter. Finally, One Wealth Advisors LLC lifted its holdings in Sysco by 3.3% in the 1st quarter. One Wealth Advisors LLC now owns 4,698 shares of the company's stock worth $353,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Bank of America lifted their price target on shares of Sysco from $81.00 to $93.00 and gave the company a "buy" rating in a research report on Friday, July 18th. UBS Group set a $90.00 price target on Sysco in a research report on Wednesday, July 30th. Wells Fargo & Company set a $88.00 target price on Sysco and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Truist Financial lifted 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. Finally, Barclays upped their price target on Sysco from $77.00 to $82.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $85.69.

Sysco Price Performance

Shares of SYY traded down $0.94 during mid-day trading on Monday, reaching $81.45. The company had a trading volume of 2,391,772 shares, compared to its average volume of 2,871,928. 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 company has a market capitalization of $39.48 billion, a P/E ratio of 21.84, a P/E/G ratio of 2.55 and a beta of 0.80. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.24. The company's 50-day moving average is $80.19 and its 200-day moving average is $75.59.

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

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.54 per share. The ex-dividend date is Friday, October 3rd. This represents a $2.16 annualized dividend and a dividend yield of 2.7%. Sysco's payout ratio is currently 57.91%.

Insiders Place Their Bets

In other news, EVP Ronald L. Phillips sold 37,606 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total transaction 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 approximately $2,449,035. The trade was a 55.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of the firm's stock in a transaction on 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 owned 56,304 shares in the company, valued at approximately $4,504,320. The trade was a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 92,338 shares of company stock worth $7,439,331. 0.54% of the stock is currently owned by company insiders.

About Sysco

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.