Kingswood Wealth Advisors LLC Has $408,000 Position in Sysco Corporation $SYY

Kingswood Wealth Advisors LLC grew its holdings in Sysco Corporation (NYSE:SYY) by 15.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,386 shares of the company’s stock after purchasing an additional 719 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Sysco were worth $408,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Invesco Ltd. grew its position in shares of Sysco by 1.0% in the first quarter. Invesco Ltd. now owns 17,070,502 shares of the company’s stock valued at $1,280,970,000 after purchasing an additional 162,961 shares during the last quarter. Boston Partners grew its position in shares of Sysco by 24.8% in the first quarter. Boston Partners now owns 15,199,828 shares of the company’s stock valued at $1,139,798,000 after purchasing an additional 3,015,714 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of Sysco by 2.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 7,353,551 shares of the company’s stock valued at $551,810,000 after purchasing an additional 146,573 shares during the last quarter. Northern Trust Corp grew its position in shares of Sysco by 2.6% in the first quarter. Northern Trust Corp now owns 5,828,930 shares of the company’s stock valued at $437,403,000 after purchasing an additional 145,477 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Sysco by 8.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,087,250 shares of the company’s stock worth $381,747,000 after buying an additional 391,614 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Up 0.5%

NYSE SYY opened at $78.44 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. The stock’s 50 day moving average is $80.81 and its two-hundred day moving average is $76.37. The company has a market capitalization of $37.53 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.42 and a beta of 0.82. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $83.47.

Sysco (NYSE:SYY) last released its quarterly earnings data 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 company had revenue of $21.14 billion for the quarter, compared to the consensus estimate of $21.01 billion. During the same period in the previous year, the business earned $1.39 earnings per share. The company’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. Equities analysts forecast that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be paid a $0.54 dividend. The ex-dividend date is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.8%. Sysco’s payout ratio is 57.91%.

Insider Buying and Selling

In other news, EVP Ronald L. Phillips sold 37,606 shares of Sysco stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total value of $3,046,086.00. Following the completion of the transaction, the executive vice president owned 30,235 shares in the company, valued at approximately $2,449,035. The trade was a 55.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction that occurred on 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 92,338 shares of company stock valued at $7,439,331 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SYY has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. Bank of America lifted their target price on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Wells Fargo & Company set a $88.00 target price on Sysco and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Barclays lifted their target price on Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Finally, Weiss Ratings downgraded Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.85.

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.