Vest Financial LLC Sells 46,185 Shares of Sysco Corporation $SYY

Vest Financial LLC reduced its stake in shares of Sysco Corporation (NYSE:SYY) by 6.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 686,605 shares of the company’s stock after selling 46,185 shares during the quarter. Vest Financial LLC’s holdings in Sysco were worth $56,535,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Gateway Investment Advisers LLC lifted its position in Sysco by 594.8% during the third quarter. Gateway Investment Advisers LLC now owns 85,622 shares of the company’s stock valued at $7,050,000 after acquiring an additional 73,298 shares during the last quarter. Norges Bank acquired a new position in Sysco during the 2nd quarter valued at about $493,686,000. Accurate Wealth Management LLC acquired a new stake in Sysco in the third quarter worth about $2,497,000. Brighton Jones LLC grew its stake in shares of Sysco by 4.3% during the second quarter. Brighton Jones LLC now owns 90,338 shares of the company’s stock worth $6,842,000 after acquiring an additional 3,760 shares during the last quarter. Finally, Shell Asset Management Co. raised its position in shares of Sysco by 31.6% in the 2nd quarter. Shell Asset Management Co. now owns 19,218 shares of the company’s stock valued at $1,456,000 after purchasing an additional 4,620 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

SYY has been the topic of a number of recent analyst reports. Citigroup cut their price target on shares of Sysco from $82.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a research report on Monday, December 29th. Piper Sandler lowered their price target on Sysco from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, December 12th. Guggenheim increased their price objective on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Sanford C. Bernstein assumed coverage on Sysco in a report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.75.

Sysco Price Performance

Shares of Sysco stock opened at $76.47 on Wednesday. The firm has a market cap of $36.62 billion, a PE ratio of 20.50, a P/E/G ratio of 2.59 and a beta of 0.61. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47. The business has a 50-day moving average price of $74.87 and a 200 day moving average price of $77.74. The company has a quick ratio of 0.65, a current ratio of 1.15 and a debt-to-equity ratio of 5.54.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. The company 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 firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Sell-side analysts predict that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 2nd will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, January 2nd. Sysco’s dividend payout ratio is currently 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.