Corient Private Wealth LLC Has $18.17 Million Position in Sysco Corporation $SYY

Corient Private Wealth LLC decreased its stake in Sysco Corporation (NYSE:SYY) by 14.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 239,902 shares of the company’s stock after selling 41,483 shares during the period. Corient Private Wealth LLC’s holdings in Sysco were worth $18,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northwest & Ethical Investments L.P. boosted its stake in shares of Sysco by 42.0% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 11,868 shares of the company’s stock valued at $891,000 after purchasing an additional 3,509 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Sysco by 90.8% in the first quarter. Brooklyn Investment Group now owns 2,690 shares of the company’s stock valued at $202,000 after buying an additional 1,280 shares during the period. Northern Trust Corp boosted its position in Sysco by 2.6% during the first quarter. Northern Trust Corp now owns 5,828,930 shares of the company’s stock valued at $437,403,000 after acquiring an additional 145,477 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in Sysco by 24.9% during the 1st quarter. Aptus Capital Advisors LLC now owns 17,207 shares of the company’s stock worth $1,291,000 after acquiring an additional 3,429 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in Sysco by 5.7% during the 1st quarter. Hsbc Holdings PLC now owns 892,210 shares of the company’s stock worth $66,824,000 after acquiring an additional 47,861 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Up 0.8%

Shares of NYSE SYY opened at $75.69 on Thursday. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.65. The company has a 50-day moving average price of $75.76 and a 200-day moving average price of $77.75. The stock has a market capitalization of $36.25 billion, a P/E ratio of 20.29, a P/E/G ratio of 2.47 and a beta of 0.61. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. The business had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 billion. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities research analysts forecast that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 2nd will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, January 2nd. Sysco’s dividend payout ratio is presently 57.91%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Piper Sandler cut their target price on Sysco from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Sanford C. Bernstein initiated coverage on Sysco in a research note on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price target on the stock. Morgan Stanley set a $88.00 price objective on shares of Sysco in a research report on Tuesday, October 21st. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Sysco in a research note on Monday, December 8th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.92.

Sysco 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.