Fifth Third Wealth Advisors LLC Has $373,000 Stock Position in Sysco Corporation $SYY

Fifth Third Wealth Advisors LLC reduced its stake in Sysco Corporation (NYSE:SYY) by 6.6% during the second quarter, Holdings Channel.com reports. The fund owned 4,922 shares of the company’s stock after selling 345 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Sysco were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Drucker Wealth 3.0 LLC acquired a new position in shares of Sysco in the second quarter worth approximately $1,371,000. Aberdeen Group plc lifted its stake in Sysco by 5.2% in the second quarter. Aberdeen Group plc now owns 423,576 shares of the company’s stock valued at $31,900,000 after buying an additional 20,862 shares during the period. Lmcg Investments LLC lifted its stake in Sysco by 5.4% in the second quarter. Lmcg Investments LLC now owns 78,554 shares of the company’s stock valued at $5,950,000 after buying an additional 4,047 shares during the period. JB Capital LLC lifted its stake in Sysco by 12.3% in the second quarter. JB Capital LLC now owns 3,028 shares of the company’s stock valued at $229,000 after buying an additional 332 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in Sysco by 49.6% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 7,975 shares of the company’s stock valued at $605,000 after buying an additional 2,643 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SYY has been the topic of several recent analyst reports. Wells Fargo & Company set a $88.00 price target on Sysco and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Truist Financial boosted their price target on Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Wall Street Zen raised Sysco from a “hold” rating to a “buy” rating in a research note on Saturday. Bank of America upped 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. Finally, UBS Group set a $90.00 target price on Sysco in a research report on Wednesday, July 30th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus target price of $85.85.

Sysco Price Performance

Shares of NYSE:SYY opened at $78.21 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.75. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47. The stock’s 50 day moving average is $80.79 and its 200-day moving average is $76.44. The firm has a market capitalization of $37.42 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 2.43 and a beta of 0.82.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.09. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The business had revenue of $21.14 billion during the quarter, compared to the consensus estimate of $21.01 billion. During the same quarter in the prior 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 forecast that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be issued 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 2.8%. Sysco’s dividend payout ratio is 57.91%.

Insider Buying and Selling at Sysco

In related news, EVP Greg D. Bertrand sold 40,000 shares of the company’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 completion of the sale, 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 sale was disclosed in a filing with the SEC, 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 stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the sale, the executive vice president owned 41,501 shares of the company’s stock, valued at $3,361,581. This trade represents a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,338 shares of company stock valued at $7,439,331 in the last quarter. 0.56% of the stock is currently owned by corporate insiders.

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.