ARQ Wealth Advisors LLC Purchases 42,237 Shares of Sysco Corporation $SYY

ARQ Wealth Advisors LLC grew its holdings in shares of Sysco Corporation (NYSE:SYY) by 876.3% in the first quarter, HoldingsChannel.com reports. The fund owned 47,057 shares of the company’s stock after acquiring an additional 42,237 shares during the quarter. ARQ Wealth Advisors LLC’s holdings in Sysco were worth $3,357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lloyd Advisory Services LLC. bought a new stake in Sysco in the fourth quarter worth approximately $25,000. Motiv8 Investments LLC bought a new position in shares of Sysco during the 4th quarter worth approximately $25,000. Torren Management LLC bought a new position in shares of Sysco during the 4th quarter worth approximately $27,000. Bard Associates Inc. acquired a new stake in shares of Sysco during the 4th quarter worth approximately $27,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Sysco in the 4th quarter valued at $28,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Up 2.2%

SYY stock traded up $1.76 during mid-day trading on Friday, reaching $83.79. 2,635,928 shares of the company traded hands, compared to its average volume of 3,522,134. The stock has a market cap of $40.07 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 3.17 and a beta of 0.64. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. The firm’s 50 day moving average price is $77.74 and its 200 day moving average price is $79.18. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58.

Sysco (NYSE:SYY) last posted its 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 net margin of 2.08% and a return on equity of 103.57%. The company had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter in the prior year, the business earned $0.96 EPS. The firm’s revenue for the quarter 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, equities research analysts predict that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.55 per share. 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 2.6%. This is a positive change from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is presently 60.94%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SYY shares. Deutsche Bank Aktiengesellschaft lowered shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a research note on Tuesday, April 28th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Piper Sandler decreased their target price on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. UBS Group dropped their price target on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, Barclays lowered their target price on Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $88.15.

Insider Activity

In other news, Director John M. Hinshaw bought 13,304 shares of the stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the acquisition, the director directly owned 40,200 shares in the company, valued at approximately $3,021,834. This trade represents a 49.46% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by insiders.

About Sysco

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.