Focus Partners Wealth Has $97.55 Million Holdings in Sysco Corporation $SYY

Focus Partners Wealth grew its holdings in Sysco Corporation (NYSE:SYY) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,184,817 shares of the company’s stock after purchasing an additional 65,374 shares during the quarter. Focus Partners Wealth owned approximately 0.25% of Sysco worth $97,554,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Gateway Investment Advisers LLC raised its position in shares of Sysco by 594.8% during the 3rd quarter. Gateway Investment Advisers LLC now owns 85,622 shares of the company’s stock valued at $7,050,000 after acquiring an additional 73,298 shares during the last quarter. Norges Bank bought a new position in shares of Sysco in the 2nd quarter worth $493,686,000. AE Wealth Management LLC grew its stake in shares of Sysco by 320.9% during the third quarter. AE Wealth Management LLC now owns 79,589 shares of the company’s stock worth $6,553,000 after purchasing an additional 60,680 shares during the period. Krilogy Financial LLC grew its stake in shares of Sysco by 65.6% during the third quarter. Krilogy Financial LLC now owns 42,435 shares of the company’s stock worth $3,494,000 after purchasing an additional 16,807 shares during the period. Finally, Accurate Wealth Management LLC bought a new stake in Sysco in the third quarter valued at about $2,497,000. 83.41% of the stock is owned by institutional investors.

Insider Transactions at Sysco

In related news, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the sale, the director owned 12,868 shares in the company, valued at approximately $1,067,915.32. This represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the transaction, the executive vice president directly owned 35,965 shares of the company’s stock, valued at $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SYY shares. Piper Sandler raised their target price on Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 price target on Sysco and gave the company a “market perform” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. increased their price target on shares of Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Argus raised shares of Sysco to a “hold” rating in a research note on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Sysco Trading Down 1.1%

NYSE:SYY opened at $84.51 on Tuesday. The company has a market cap of $40.47 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $91.85. The business has a 50 day moving average price of $83.68 and a two-hundred day moving average price of $79.55. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the firm posted $0.93 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, analysts expect that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.16 annualized dividend and a 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.