Sysco Corporation $SYY Shares Sold by Vest Financial LLC

Vest Financial LLC lessened its stake in Sysco Corporation (NYSE:SYY) by 0.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 732,790 shares of the company’s stock after selling 445 shares during the quarter. Vest Financial LLC owned about 0.15% of Sysco worth $55,502,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SYY. Ellis Investment Partners LLC increased its position in shares of Sysco by 4.9% during the second quarter. Ellis Investment Partners LLC now owns 2,820 shares of the company’s stock worth $214,000 after purchasing an additional 133 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Sysco by 48.4% during the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares in the last quarter. Trust Co of the South increased its position in shares of Sysco by 3.0% during the second quarter. Trust Co of the South now owns 4,849 shares of the company’s stock worth $367,000 after purchasing an additional 142 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Sysco by 1.6% during the first quarter. Chicago Partners Investment Group LLC now owns 8,898 shares of the company’s stock worth $627,000 after purchasing an additional 143 shares in the last quarter. Finally, BSW Wealth Partners increased its position in shares of Sysco by 2.3% during the second quarter. BSW Wealth Partners now owns 6,449 shares of the company’s stock worth $488,000 after purchasing an additional 146 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analysts Set New Price Targets

SYY has been the topic of a number of research analyst reports. Wall Street Zen upgraded Sysco from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America boosted their price target on Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Guggenheim boosted their price target on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Morgan Stanley boosted their price target on Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Finally, Barclays boosted their price target on Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $85.85.

Sysco Stock Performance

NYSE SYY opened at $78.44 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. The business’s 50 day moving average is $80.81 and its two-hundred day moving average is $76.41. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47. The stock has a market capitalization of $37.53 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.43 and a beta of 0.82.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.09. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The company had revenue of $21.14 billion for the quarter, compared to analysts’ expectations of $21.01 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Research analysts expect that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.54 per share. The ex-dividend date is Friday, October 3rd. This represents a $2.16 annualized dividend and a yield of 2.8%. Sysco’s payout ratio is presently 57.91%.

Insider Activity at Sysco

In other news, EVP Greg D. Bertrand sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the sale, the executive vice president owned 56,304 shares of the company’s stock, valued at $4,504,320. The trade was a 41.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ronald L. Phillips sold 37,606 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total value of $3,046,086.00. Following the sale, the executive vice president directly owned 30,235 shares in the company, valued at $2,449,035. This trade represents a 55.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,338 shares of company stock worth $7,439,331 in the last quarter. 0.56% of the stock is currently owned by insiders.

About Sysco

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.