AE Wealth Management LLC Acquires 60,680 Shares of Sysco Corporation $SYY

AE Wealth Management LLC increased its holdings in shares of Sysco Corporation (NYSE:SYY) by 320.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 79,589 shares of the company’s stock after acquiring an additional 60,680 shares during the quarter. AE Wealth Management LLC’s holdings in Sysco were worth $6,553,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SYY. Norges Bank acquired a new position in Sysco during the 2nd quarter valued at $493,686,000. Vanguard Group Inc. increased its holdings in shares of Sysco by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after purchasing an additional 1,226,381 shares during the period. Marshall Wace LLP raised its position in shares of Sysco by 207.6% during the second quarter. Marshall Wace LLP now owns 1,164,656 shares of the company’s stock valued at $88,211,000 after buying an additional 785,995 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Sysco by 143.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,215,260 shares of the company’s stock valued at $92,044,000 after buying an additional 715,663 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Sysco by 163.1% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 710,900 shares of the company’s stock valued at $58,536,000 after buying an additional 440,700 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Buying and Selling

In related news, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total transaction of $453,681.00. Following the sale, the executive vice president directly owned 35,965 shares in the company, valued at $2,913,165. This represents a 13.47% decrease in their position. 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 currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on SYY. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Citigroup upped their target price on Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Company lifted their price target on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group boosted their price target on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group raised their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Sysco currently has an average rating of “Moderate Buy” and a consensus target price of $89.38.

Sysco Stock Down 0.3%

Shares of NYSE SYY opened at $83.85 on Friday. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $85.33. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.65 and a current ratio of 1.30. The business has a fifty day moving average of $75.61 and a two-hundred day moving average of $77.90. The stock has a market cap of $40.16 billion, a PE ratio of 22.54, a PEG ratio of 2.67 and a beta of 0.61.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The business had revenue of $20.76 billion for the quarter, compared to analyst estimates of $20.80 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, equities research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

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

Sysco 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.