Dynasty Wealth Management LLC Sells 11,521 Shares of Sysco Corporation $SYY

Dynasty Wealth Management LLC cut its stake in Sysco Corporation (NYSE:SYY) by 44.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 14,666 shares of the company’s stock after selling 11,521 shares during the period. Dynasty Wealth Management LLC’s holdings in Sysco were worth $1,081,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Sysco in the 3rd quarter valued at about $25,000. Lloyd Advisory Services LLC. bought a new stake in Sysco during the 4th quarter worth approximately $25,000. Peterson Wealth Services increased its stake in Sysco by 875.7% during the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after purchasing an additional 324 shares in the last quarter. Torren Management LLC bought a new stake in Sysco during the 4th quarter worth approximately $27,000. Finally, Elyxium Wealth LLC bought a new stake in Sysco during the 4th quarter worth approximately $28,000. 83.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. UBS Group lowered their target price on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft cut Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a research note on Tuesday, April 28th. Weiss Ratings cut Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th. Finally, Guggenheim lowered their target price on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.15.

Sysco Trading Up 1.5%

NYSE:SYY opened at $75.19 on Thursday. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58. The business has a 50 day moving average price of $74.74 and a two-hundred day moving average price of $78.11. The company has a market cap of $35.95 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 3.03 and a beta of 0.65.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The firm had revenue of $20.52 billion for the quarter, compared to analyst estimates of $20.56 billion. During the same period last year, the company earned $0.96 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, analysts expect that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.55 per share. This is an increase from Sysco’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. Sysco’s payout ratio is currently 59.83%.

Insider Activity at Sysco

In related news, Director John M. Hinshaw acquired 13,304 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the acquisition, the director owned 40,200 shares in the company, valued at $3,021,834. This represents a 49.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.56% of the company’s stock.

Sysco Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.