Liberty One Investment Management LLC Has $56.59 Million Stock Holdings in Sysco Corporation $SYY

Liberty One Investment Management LLC increased its position in Sysco Corporation (NYSE:SYY) by 98.8% in the third quarter, Holdings Channel.com reports. The firm owned 687,493 shares of the company’s stock after acquiring an additional 341,596 shares during the period. Sysco comprises approximately 3.2% of Liberty One Investment Management LLC’s portfolio, making the stock its 11th largest holding. Liberty One Investment Management LLC’s holdings in Sysco were worth $56,588,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SYY. Vanguard Group Inc. boosted its stake in shares of Sysco by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after purchasing an additional 1,226,381 shares during the last quarter. Geode Capital Management LLC raised its stake 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 buying an additional 183,179 shares during the last quarter. Norges Bank acquired a new position in Sysco in the second quarter valued at approximately $493,686,000. Charles Schwab Investment Management Inc. boosted its stake in 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 acquiring an additional 27,693 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of 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 acquiring an additional 283,706 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Performance

Shares of SYY opened at $74.33 on Tuesday. The firm has a market cap of $35.59 billion, a P/E ratio of 19.93, a PEG ratio of 2.45 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 company has a debt-to-equity ratio of 5.54, a quick ratio of 0.65 and a current ratio of 1.15. The firm’s 50 day moving average price is $74.44 and its two-hundred day moving average price is $77.69.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.03. The company had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 billion. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, analysts forecast that Sysco Corporation will post 4.58 EPS 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 issued a dividend of $0.54 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. Sysco’s dividend payout ratio (DPR) is presently 57.91%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SYY shares. Sanford C. Bernstein began coverage on Sysco in a research report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price target on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a report on Monday, December 29th. Citigroup lowered their price target on Sysco from $82.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, January 7th. Guggenheim lifted their price objective on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Piper Sandler lowered their target price on shares of Sysco from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. Eight investment 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, the stock has an average rating of “Moderate Buy” and an average target price of $86.00.

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.