Adams Diversified Equity Fund Inc. Trims Position in Sysco Corporation $SYY

Adams Diversified Equity Fund Inc. lowered its holdings in Sysco Corporation (NYSE:SYY) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 189,500 shares of the company’s stock after selling 7,200 shares during the period. Adams Diversified Equity Fund Inc.’s holdings in Sysco were worth $15,603,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its holdings in Sysco by 75.0% in the 3rd 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 period. Chung Wu Investment Group LLC acquired a new stake in shares of Sysco in the second quarter worth approximately $30,000. Darwin Wealth Management LLC acquired a new stake in shares of Sysco in the second quarter worth approximately $31,000. Vermillion & White Wealth Management Group LLC increased its position in Sysco by 94.9% during the second 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 during the last quarter. Finally, Hantz Financial Services Inc. increased its position in Sysco by 234.3% during the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $35,000 after purchasing an additional 321 shares during the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Guggenheim boosted their price objective on shares of Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Sanford C. Bernstein initiated coverage on Sysco in a research report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price target for the company. Citigroup cut their price objective on Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Barclays lifted their price objective on Sysco from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Piper Sandler dropped their target price on shares of Sysco from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, December 12th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sysco has an average rating of “Moderate Buy” and an average price target of $85.92.

Sysco Price Performance

Shares of NYSE SYY opened at $73.01 on Wednesday. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.65. 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 $34.96 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 2.39 and a beta of 0.61. The business has a 50-day moving average of $74.46 and a 200-day moving average of $77.74.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.12 by $0.03. The business had revenue of $21.15 billion for 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 revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities analysts anticipate that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be paid a $0.54 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.16 annualized dividend and a dividend yield of 3.0%. Sysco’s dividend payout ratio is 57.91%.

Sysco 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.