Winthrop Advisory Group LLC Has $285,000 Stock Holdings in Sysco Corporation $SYY

Winthrop Advisory Group LLC lessened its position in shares of Sysco Corporation (NYSE:SYY) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,766 shares of the company’s stock after selling 209 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Sysco were worth $285,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Chung Wu Investment Group LLC acquired a new position in Sysco during the 2nd quarter valued at about $30,000. Golden State Wealth Management LLC lifted its holdings in Sysco by 48.4% in the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock valued at $32,000 after buying an additional 140 shares during the period. N.E.W. Advisory Services LLC acquired a new position in Sysco in the first quarter valued at approximately $33,000. Cheviot Value Management LLC acquired a new position in Sysco in the first quarter valued at approximately $34,000. Finally, 1248 Management LLC acquired a new position in Sysco in the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Trading Down 1.2%

NYSE:SYY opened at $79.83 on Wednesday. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. 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 stock has a market capitalization of $38.20 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 2.50 and a beta of 0.82. The business’s 50-day simple moving average is $80.90 and its 200-day simple moving average is $76.25.

Sysco (NYSE:SYY) last announced its quarterly earnings results 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 net margin of 2.25% and a return on equity of 109.52%. 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 previous year, the firm posted $1.39 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Sell-side analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SYY shares. Bank of America increased their price target on Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Guggenheim increased their target price on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Truist Financial increased their target price on Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.85.

Insider Buying and Selling at Sysco

In other news, EVP Greg D. Bertrand sold 40,000 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the sale, the executive vice president directly owned 56,304 shares in the company, valued at $4,504,320. The trade was a 41.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ronald L. Phillips sold 961 shares of the business’s stock in a transaction that occurred 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 owned 41,501 shares in the company, valued at $3,361,581. The trade was a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,338 shares of company stock worth $7,439,331 over the last ninety days. 0.54% of the stock is currently owned by insiders.

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.