Leo Wealth LLC Makes New $336,000 Investment in Sysco Corporation $SYY

Leo Wealth LLC bought a new position in Sysco Corporation (NYSE:SYY) during the second quarter, Holdings Channel.com reports. The institutional investor bought 4,444 shares of the company’s stock, valued at approximately $336,000.

A number of other institutional investors have also added to or reduced their stakes in SYY. Farther Finance Advisors LLC increased its stake in Sysco by 30.9% in the 1st quarter. Farther Finance Advisors LLC now owns 5,502 shares of the company’s stock worth $415,000 after acquiring an additional 1,298 shares during the last quarter. Focus Financial Network Inc. increased its stake in Sysco by 5.9% in the 1st quarter. Focus Financial Network Inc. now owns 3,994 shares of the company’s stock worth $300,000 after acquiring an additional 221 shares during the last quarter. Verity & Verity LLC increased its stake in Sysco by 6.1% in the 1st quarter. Verity & Verity LLC now owns 7,029 shares of the company’s stock worth $527,000 after acquiring an additional 402 shares during the last quarter. Everhart Financial Group Inc. boosted its holdings in shares of Sysco by 12.1% in the 1st quarter. Everhart Financial Group Inc. now owns 5,871 shares of the company’s stock worth $441,000 after purchasing an additional 632 shares in the last quarter. Finally, Stanley Laman Group Ltd. boosted its holdings in shares of Sysco by 1.4% in the 1st quarter. Stanley Laman Group Ltd. now owns 46,459 shares of the company’s stock worth $3,486,000 after purchasing an additional 660 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Insider Activity at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 41,501 shares in the company, valued at approximately $3,361,581. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the sale, the executive vice president owned 56,304 shares of the company’s stock, valued at approximately $4,504,320. This trade represents a 41.54% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,338 shares of company stock valued at $7,439,331. Company insiders own 0.54% of the company’s stock.

Sysco Trading Up 0.5%

Shares of SYY stock opened at $78.44 on Friday. The stock has a market capitalization of $37.53 billion, a PE ratio of 21.03, a P/E/G ratio of 2.42 and a beta of 0.82. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $83.47. The business has a 50-day moving average of $80.81 and a 200 day moving average of $76.37. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.09. The company had revenue of $21.14 billion during the quarter, compared to analysts’ expectations of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.Sysco’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, sell-side analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be issued a $0.54 dividend. 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 (DPR) is 57.91%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SYY shares. Bank of America upped their price objective on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Guggenheim upped their price objective on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday. Truist Financial upped their price objective on 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 price objective on Sysco in a report on Wednesday, July 30th. Finally, Weiss Ratings cut Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.85.

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.