Werba Rubin Papier Wealth Management Sells 460 Shares of Sysco Corporation $SYY

Werba Rubin Papier Wealth Management cut its stake in Sysco Corporation (NYSE:SYY) by 14.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,823 shares of the company’s stock after selling 460 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Sysco were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SYY. Ellis Investment Partners LLC boosted its holdings in Sysco by 4.9% during the second quarter. Ellis Investment Partners LLC now owns 2,820 shares of the company’s stock worth $214,000 after purchasing an additional 133 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in Sysco by 48.4% during the first 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 boosted 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 during the last quarter. NorthRock Partners LLC boosted its holdings in Sysco by 2.2% during the second quarter. NorthRock Partners LLC now owns 6,514 shares of the company’s stock worth $493,000 after purchasing an additional 142 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in Sysco by 1.6% during the first quarter. Chicago Partners Investment Group LLC now owns 8,898 shares of the company’s stock worth $627,000 after purchasing an additional 143 shares during the last quarter. 83.41% of the stock is owned by institutional investors.

Insider Transactions at Sysco

In related news, EVP Greg D. Bertrand sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the transaction, the executive vice president directly owned 56,304 shares of the company’s stock, valued at approximately $4,504,320. This trade represents a 41.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ronald L. Phillips sold 37,606 shares of the firm’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 transaction, the executive vice president directly owned 30,235 shares in the company, valued at approximately $2,449,035. This represents a 55.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,338 shares of company stock worth $7,439,331. 0.56% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SYY. Barclays increased their target price on shares of Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Wells Fargo & Company set a $88.00 target price on shares of Sysco and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Morgan Stanley increased their target price on shares of Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a report on Monday, July 14th. UBS Group set a $90.00 price target on shares of Sysco in a research note on Wednesday, July 30th. Finally, Wall Street Zen upgraded shares of Sysco from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.46.

Sysco Stock Performance

Shares of SYY stock opened at $78.78 on Friday. The stock has a market cap of $37.70 billion, a P/E ratio of 21.12, a P/E/G ratio of 2.47 and a beta of 0.82. 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 fifty day moving average price of $80.75 and a two-hundred day moving average price of $76.51. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.09. The company had revenue of $21.14 billion for the quarter, compared to analyst estimates of $21.01 billion. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The company’s revenue was up 2.8% on a year-over-year basis. 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. As a group, equities analysts predict that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 annualized dividend and a dividend yield of 2.7%. Sysco’s dividend payout ratio is presently 57.91%.

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.