Sysco Corporation $SYY Shares Bought by Axxcess Wealth Management LLC

by · The Cerbat Gem

Axxcess Wealth Management LLC raised its position in Sysco Corporation (NYSE:SYYFree Report) by 160.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,927 shares of the company’s stock after acquiring an additional 7,341 shares during the period. Axxcess Wealth Management LLC’s holdings in Sysco were worth $903,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Chung Wu Investment Group LLC acquired a new stake in Sysco in the second quarter valued at approximately $30,000. Golden State Wealth Management LLC lifted its stake in shares of Sysco by 48.4% during the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock worth $32,000 after buying an additional 140 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of Sysco during the first quarter worth $33,000. 1248 Management LLC acquired a new stake in shares of Sysco during the first quarter worth $35,000. Finally, Cheviot Value Management LLC acquired a new stake in shares of Sysco during the first quarter worth $34,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the transaction, the executive vice president owned 56,304 shares of the company’s stock, valued at approximately $4,504,320. The trade was a 41.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ronald L. Phillips sold 37,606 shares of Sysco stock in a transaction on 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 of the company’s stock, valued at $2,449,035. The trade was a 55.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,338 shares of company stock valued at $7,439,331 in the last ninety days. 0.56% of the stock is owned by corporate insiders.

Sysco Trading Down 1.6%

Shares of Sysco stock opened at $78.78 on Friday. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. The firm has a fifty day moving average price of $80.75 and a 200 day moving average price of $76.51. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47. The stock has a market cap of $37.70 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 2.47 and a beta of 0.82.

Sysco (NYSE:SYYGet Free Report) last issued its 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 net margin of 2.25% and a return on equity of 109.52%. The firm had revenue of $21.14 billion during the quarter, compared to analysts’ expectations of $21.01 billion. During the same quarter last year, the company posted $1.39 earnings per share. The firm’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. Equities research analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The company 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 of this dividend is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 2.7%. Sysco’s payout ratio is presently 57.91%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings downgraded shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Wells Fargo & Company set a $88.00 price objective on shares of Sysco and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Barclays lifted their price objective on shares of Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. UBS Group set a $90.00 price objective on shares of Sysco in a research note on Wednesday, July 30th. Finally, Wall Street Zen upgraded shares of Sysco from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.46.

Get Our Latest Stock Report on SYY

About Sysco

(Free Report)

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.

Further Reading

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