Sysco Corporation $SYY Shares Sold by Valley National Advisers Inc.

Valley National Advisers Inc. cut its holdings in shares of Sysco Corporation (NYSE:SYY) by 95.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,034 shares of the company’s stock after selling 23,713 shares during the period. Valley National Advisers Inc.’s holdings in Sysco were worth $85,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Harbor Capital Advisors Inc. raised its stake in Sysco by 75.0% in the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after buying an additional 135 shares during the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of Sysco during the second quarter valued at about $30,000. Darwin Wealth Management LLC purchased a new position in shares of Sysco in the 2nd quarter valued at approximately $31,000. Vermillion & White Wealth Management Group LLC boosted its stake in Sysco by 94.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after purchasing an additional 204 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new stake in Sysco during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

NYSE SYY opened at $74.21 on Monday. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.65 and a current ratio of 1.15. The firm has a market capitalization of $35.53 billion, a P/E ratio of 19.89, a PEG ratio of 2.44 and a beta of 0.61. The stock has a 50-day simple moving average of $75.11 and a two-hundred day simple moving average of $77.79.

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

Sysco Dividend Announcement

The company 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 dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Barclays raised their price target on shares of Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Citigroup lowered their price target on Sysco from $86.00 to $82.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Sanford C. Bernstein initiated coverage on Sysco in a research note on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price target on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 22nd. Finally, Guggenheim lifted their target price on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.92.

Sysco Company Profile

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.