BSW Wealth Partners Raises Holdings in Sysco Corporation $SYY

BSW Wealth Partners lifted its position in shares of Sysco Corporation (NYSE:SYY) by 2.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,449 shares of the company’s stock after purchasing an additional 146 shares during the period. BSW Wealth Partners’ holdings in Sysco were worth $488,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SYY. Boston Partners grew its position in shares of Sysco by 24.8% during the first quarter. Boston Partners now owns 15,199,828 shares of the company’s stock worth $1,139,798,000 after acquiring an additional 3,015,714 shares during the last quarter. Canoe Financial LP boosted its stake in Sysco by 29,610.4% during the 1st quarter. Canoe Financial LP now owns 1,431,149 shares of the company’s stock worth $107,393,000 after purchasing an additional 1,426,332 shares during the period. Nuveen LLC acquired a new stake in Sysco during the 1st quarter worth $85,341,000. Amundi grew its position in Sysco by 36.5% during the 1st quarter. Amundi now owns 3,725,508 shares of the company’s stock worth $280,941,000 after purchasing an additional 995,498 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in Sysco by 1,940.1% in the first quarter. Mackenzie Financial Corp now owns 1,016,660 shares of the company’s stock valued at $76,290,000 after purchasing an additional 966,826 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of the business’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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total value of $77,841.00. Following the completion of the sale, the executive vice president directly owned 41,501 shares in the company, valued at $3,361,581. This trade represents a 2.26% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,338 shares of company stock valued at $7,439,331. Insiders own 0.54% of the company’s stock.

Sysco Stock Up 0.6%

SYY opened at $82.85 on Thursday. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $83.24. The stock has a market capitalization of $40.16 billion, a P/E ratio of 22.21, a P/E/G ratio of 2.55 and a beta of 0.82. The business has a 50 day simple moving average of $80.75 and a 200-day simple moving average of $75.98.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping 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 firm had revenue of $21.14 billion for the quarter, compared to analyst estimates of $21.01 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. Sysco’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. On average, equities analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 2.6%. Sysco’s dividend payout ratio (DPR) is 57.91%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Morgan Stanley lifted their target price on Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Truist Financial upped their price target on Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Bank of America increased their price target on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Finally, Barclays boosted their price objective on shares of Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.69.

Sysco Company Profile

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.