Kingsview Wealth Management LLC Invests $829,000 in Sysco Corporation $SYY

31 Aug 2026, 11:40 by Tristan Rich · The Markets Daily

Kingsview Wealth Management LLC acquired a new stake in shares of Sysco Corporation (NYSE:SYY – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 9,915 shares of the company’s stock, valued at approximately $829,000.

Other large investors also recently bought and sold shares of the company. Nicholas Company Inc. purchased a new position in shares of Sysco in the 4th quarter valued at $2,278,000. United Capital Financial Advisors LLC bought a new stake in Sysco during the second quarter valued at about $2,633,000. Norges Bank bought a new stake in Sysco during the fourth quarter valued at about $542,780,000. Banque Cantonale Vaudoise raised its holdings in Sysco by 301.9% in the first quarter. Banque Cantonale Vaudoise now owns 16,828 shares of the company’s stock worth $1,200,000 after purchasing an additional 12,641 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in Sysco in the fourth quarter worth about $52,672,000. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

SYY opened at $81.95 on Monday. The company has a market cap of $39.26 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 4.62. The firm’s 50-day moving average price is $83.05 and its 200-day moving average price is $80.54. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85.

Sysco (NYSE:SYY – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. The company had revenue of $22.12 billion during the quarter, compared to analysts’ expectations of $21.95 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. Sysco’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the business earned $1.48 EPS. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. As a group, equities analysts anticipate that Sysco Corporation will post 5.12 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 2nd. Sysco’s payout ratio is presently 60.11%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SYY. Morgan Stanley raised their price target on shares of Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. UBS Group increased their target price on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Citigroup lifted their price target on shares of Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Wall Street Zen raised Sysco from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Melius Research downgraded Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Sysco presently has an average rating of “Moderate Buy” and a consensus price target of $89.50.

Check Out Our Latest Stock Analysis on SYY

Insider Buying and Selling at Sysco

In related news, EVP Ronald L. Phillips sold 506 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $84.09, for a total value of $42,549.54. Following the transaction, the executive vice president directly owned 36,313 shares of the company’s stock, valued at $3,053,560.17. This represents a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 14,508 shares of company stock worth $1,215,250 over the last 90 days. 0.56% of the stock is owned by insiders.

About Sysco

(Free Report)

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.