Curated Wealth Partners LLC Has $1.06 Million Holdings in Sysco Corporation $SYY

Curated Wealth Partners LLC reduced its holdings in Sysco Corporation (NYSE:SYY) by 15.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 14,015 shares of the company’s stock after selling 2,644 shares during the quarter. Curated Wealth Partners LLC’s holdings in Sysco were worth $1,061,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Boyd Watterson Asset Management LLC OH lifted its stake in shares of Sysco by 106.4% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company’s stock valued at $236,000 after purchasing an additional 1,622 shares during the period. Gradient Investments LLC lifted its stake in Sysco by 9.2% in the second 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 during the period. Beacon Financial Group lifted its stake in Sysco by 55.5% in the second 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 during the period. Shell Asset Management Co. raised its position in shares of Sysco by 31.6% in the 2nd 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 raised its position in shares of Sysco by 5.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 448,600 shares of the company’s stock valued at $33,977,000 after acquiring an additional 24,500 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SYY. Morgan Stanley increased their price target on shares of Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Weiss Ratings lowered shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Bank of America raised their price objective on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Wells Fargo & Company set a $88.00 price objective on Sysco and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Truist Financial raised their price target on Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Ten 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 an average rating of “Moderate Buy” and an average price target of $85.85.

Insider Buying and Selling

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 sale, the executive vice president directly owned 56,304 shares in the company, valued at approximately $4,504,320. The trade was a 41.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total transaction of $77,841.00. Following the completion of the sale, the executive vice president owned 41,501 shares in the company, valued at $3,361,581. The trade was a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,338 shares of company stock worth $7,439,331 over the last quarter. 0.56% of the stock is owned by corporate insiders.

Sysco Stock Performance

SYY opened at $80.17 on Wednesday. The business’s 50-day moving average price is $80.80 and its two-hundred day moving average price is $76.46. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47. The company has a market capitalization of $38.36 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 2.42 and a beta of 0.82. 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 released 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 return on equity of 109.52% and a net margin of 2.25%.The firm had revenue of $21.14 billion for the quarter, compared to the consensus estimate of $21.01 billion. During the same quarter last year, the business posted $1.39 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities analysts expect that Sysco Corporation will post 4.58 EPS 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 issued a $0.54 dividend. The ex-dividend date is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. Sysco’s dividend payout ratio (DPR) is 57.91%.

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.