ORG Wealth Partners LLC Sells 132 Shares of Sysco Corporation $SYY

ORG Wealth Partners LLC cut its holdings in Sysco Corporation (NYSE:SYY) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,321 shares of the company’s stock after selling 132 shares during the quarter. ORG Wealth Partners LLC’s holdings in Sysco were worth $179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in SYY. NorthCrest Asset Manangement LLC grew its position in shares of Sysco by 4.9% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 2,956 shares of the company’s stock valued at $226,000 after acquiring an additional 139 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Sysco by 34.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 218,578 shares of the company’s stock valued at $16,712,000 after purchasing an additional 56,419 shares during the last quarter. Versant Capital Management Inc grew its stake in Sysco by 41.5% in the 1st quarter. Versant Capital Management Inc now owns 1,764 shares of the company’s stock worth $132,000 after acquiring an additional 517 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Sysco by 6,605.6% in the 1st quarter. GAMMA Investing LLC now owns 468,925 shares of the company’s stock worth $35,188,000 after purchasing an additional 461,932 shares during the period. Finally, Allied Investment Advisors LLC lifted its position in Sysco by 9.1% during the first quarter. Allied Investment Advisors LLC now owns 137,864 shares of the company’s stock valued at $10,345,000 after acquiring an additional 11,554 shares during the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Price Performance

Sysco stock opened at $81.92 on Friday. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.24. The firm has a 50 day moving average price of $80.60 and a 200 day moving average price of $75.80. The company has a market cap of $39.71 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 2.54 and a beta of 0.80. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21.

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 analysts’ expectations of $21.01 billion. During the same period in the previous year, the company posted $1.39 earnings per share. Sysco’s revenue was up 2.8% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Sell-side analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.54 per share. The ex-dividend date is Friday, October 3rd. This represents a $2.16 annualized dividend and a yield of 2.6%. Sysco’s payout ratio is presently 57.91%.

Insider Buying and Selling at Sysco

In other news, EVP Greg D. Bertrand sold 40,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $4,504,320. This represents a 41.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ronald L. Phillips sold 961 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $81.00, for a total transaction of $77,841.00. Following the sale, the executive vice president directly owned 41,501 shares of the company’s stock, valued at $3,361,581. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,338 shares of company stock valued at $7,439,331. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SYY shares. Truist Financial increased their price objective on shares of Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. UBS Group set a $90.00 target price on shares of Sysco in a research report on Wednesday, July 30th. Barclays lifted their target price on shares of Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Guggenheim boosted their target price on shares of Sysco from $85.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Morgan Stanley upped their price objective on shares of Sysco from $72.00 to $77.00 and gave the stock an “equal weight” rating in a report on Monday, July 14th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and an average price target 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.