Sysco Corporation $SYY Shares Sold by GWN Securities Inc.

GWN Securities Inc. lowered its stake in Sysco Corporation (NYSE:SYY) by 51.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,289 shares of the company’s stock after selling 40,949 shares during the quarter. GWN Securities Inc.’s holdings in Sysco were worth $3,169,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SYY. Vanguard Group Inc. boosted its holdings in Sysco by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after acquiring an additional 1,226,381 shares during the period. Geode Capital Management LLC lifted its position in shares of Sysco by 1.5% during the second quarter. Geode Capital Management LLC now owns 12,551,872 shares of the company’s stock worth $946,694,000 after purchasing an additional 183,179 shares in the last quarter. Norges Bank acquired a new position in shares of Sysco during the second quarter worth $493,686,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Sysco by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,131,931 shares of the company’s stock valued at $237,212,000 after purchasing an additional 27,693 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Sysco by 12.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,639,931 shares of the company’s stock valued at $201,076,000 after purchasing an additional 283,706 shares in the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Stock Up 2.3%

NYSE:SYY opened at $76.06 on Wednesday. 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 company has a market capitalization of $36.42 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47. The stock has a 50-day simple moving average of $74.50 and a 200 day simple moving average of $77.70.

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

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.54 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.16 annualized dividend and a yield of 2.8%. Sysco’s payout ratio is presently 57.91%.

Analysts Set New Price Targets

A number of brokerages have commented on SYY. Guggenheim boosted their price objective on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Piper Sandler dropped 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 Sysco in a research note on Tuesday, October 21st. Finally, Citigroup dropped their price objective on Sysco from $82.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, January 7th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Sysco has an average rating of “Moderate Buy” and an average price target of $86.00.

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.