Mattson Financial Services LLC Decreases Stock Position in Sysco Corporation $SYY

Mattson Financial Services LLC trimmed its stake in Sysco Corporation (NYSE:SYY) by 82.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,730 shares of the company’s stock after selling 13,017 shares during the quarter. Mattson Financial Services LLC’s holdings in Sysco were worth $225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in shares of Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after buying an additional 135 shares during the period. Chung Wu Investment Group LLC acquired a new stake in Sysco in the second quarter valued at approximately $30,000. Darwin Wealth Management LLC purchased a new stake in Sysco during the 2nd quarter worth $31,000. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Sysco by 94.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after acquiring an additional 204 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new position in shares of Sysco in the 1st quarter valued at approximately $35,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SYY has been the topic of a number of research analyst reports. Piper Sandler reduced their target price on Sysco from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, December 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a report on Monday, December 22nd. Sanford C. Bernstein started coverage on shares of Sysco in a research note on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 target price on the stock. Morgan Stanley set a $88.00 price objective on Sysco in a report on Tuesday, October 21st. Finally, Citigroup reduced their target price on shares of Sysco from $86.00 to $82.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.92.

Sysco Stock Up 0.3%

NYSE:SYY opened at $74.45 on Tuesday. 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 firm has a market capitalization of $35.65 billion, a P/E ratio of 19.96, a PEG ratio of 2.44 and a beta of 0.61. The company’s fifty day moving average price is $75.00 and its 200-day moving average price is $77.78. Sysco Corporation has a 1-year low of $67.12 and a 1-year high of $83.47.

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. The business had revenue of $21.15 billion during the quarter, compared to analysts’ expectations of $21.03 billion. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities research analysts anticipate that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 2nd will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, January 2nd. 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.