West Tower Group LLC Has $454,000 Stock Holdings in Sysco Corporation $SYY

West Tower Group LLC boosted its holdings in shares of Sysco Corporation (NYSE:SYY) by 9.1% in the second quarter, Holdings Channel.com reports. The fund owned 6,000 shares of the company’s stock after buying an additional 500 shares during the quarter. Sysco comprises 1.0% of West Tower Group LLC’s holdings, making the stock its 26th largest holding. West Tower Group LLC’s holdings in Sysco were worth $454,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Boyd Watterson Asset Management LLC OH grew its holdings in Sysco by 106.4% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company’s stock worth $236,000 after acquiring an additional 1,622 shares during the period. Gradient Investments LLC increased its position in shares of Sysco by 9.2% in the 2nd quarter. Gradient Investments LLC now owns 189,169 shares of the company’s stock valued at $14,328,000 after buying an additional 15,906 shares in the last quarter. Beacon Financial Group increased its position in shares of Sysco by 55.5% in the 2nd quarter. Beacon Financial Group now owns 9,955 shares of the company’s stock valued at $754,000 after buying an additional 3,554 shares in the last quarter. Shell Asset Management Co. grew its stake in Sysco by 31.6% in the second quarter. Shell Asset Management Co. now owns 19,218 shares of the company’s stock valued at $1,456,000 after acquiring an additional 4,620 shares during the period. Finally, KLP Kapitalforvaltning AS increased its holdings in shares of Sysco by 5.8% in the second quarter. KLP Kapitalforvaltning AS now owns 448,600 shares of the company’s stock worth $33,977,000 after acquiring an additional 24,500 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Transactions at Sysco

In other news, EVP Ronald L. Phillips sold 37,606 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the completion of the transaction, the executive vice president directly owned 30,235 shares in the company, valued at $2,449,035. This represents a 55.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 56,304 shares of the company’s stock, valued at approximately $4,504,320. This represents a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,338 shares of company stock valued at $7,439,331. Company insiders own 0.56% of the company’s stock.

Sysco Price Performance

Shares of NYSE SYY opened at $79.92 on Monday. The firm has a market cap of $38.24 billion, a PE ratio of 21.42, a PEG ratio of 2.47 and a beta of 0.82. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $83.47. The company has a fifty day moving average price of $80.73 and a 200 day moving average price of $76.56.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $1.39 EPS. The company’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. Research analysts predict that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

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

Wall Street Analysts Forecast Growth

SYY has been the subject of several recent analyst reports. 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. Morgan Stanley raised their target price 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. Truist Financial raised their target price on shares of Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. UBS Group set a $90.00 target price on shares of Sysco in a report on Wednesday, July 30th. Finally, Guggenheim upped their target price on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $86.46.

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.