Impact Partnership Wealth LLC Sells 1,670 Shares of Sysco Corporation $SYY

Impact Partnership Wealth LLC trimmed its holdings in Sysco Corporation (NYSE:SYY) by 19.2% during the second quarter, Holdings Channel reports. The institutional investor owned 7,016 shares of the company’s stock after selling 1,670 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Sysco were worth $531,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SYY. Chung Wu Investment Group LLC bought a new position in shares of Sysco in the second quarter valued at $30,000. Golden State Wealth Management LLC lifted its stake in shares of 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 in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Sysco during the first quarter valued at about $33,000. Cheviot Value Management LLC bought a new position in shares of Sysco during the first quarter valued at about $34,000. Finally, 1248 Management LLC bought a new position in shares of Sysco during the first quarter valued at about $35,000. 83.41% of the stock is owned by institutional investors.

Sysco Stock Performance

Shares of SYY stock opened at $74.71 on Friday. The firm has a market cap of $35.75 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 2.19 and a beta of 0.82. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.70 and a current ratio of 1.15. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.47. The firm’s 50-day simple moving average is $80.20 and its two-hundred day simple moving average is $76.98.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.03. The firm had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 billion. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities analysts forecast 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 was paid on Friday, October 24th. Stockholders of record on Friday, October 3rd were paid a $0.54 dividend. The ex-dividend date was Friday, October 3rd. This represents a $2.16 annualized dividend and a dividend yield of 2.9%. Sysco’s dividend payout ratio (DPR) is presently 57.91%.

Insider Activity

In related news, EVP Ronald L. Phillips sold 961 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was 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 in the company, valued at approximately $3,361,581. The trade was a 2.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 14,732 shares of company stock worth $1,193,245. Insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SYY. Sanford C. Bernstein began coverage on shares of Sysco in a research report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price target on the stock. Citigroup boosted their price objective on Sysco from $84.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. Guggenheim boosted their price objective on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. UBS Group set a $90.00 price objective on Sysco in a research report on Wednesday, July 30th. Finally, Barclays boosted their price objective on Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.31.

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.