Forum Financial Management LP Has $3.37 Million Stock Holdings in Sysco Corporation $SYY

Forum Financial Management LP reduced its stake in shares of Sysco Corporation (NYSE:SYY) by 16.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,909 shares of the company’s stock after selling 8,121 shares during the period. Forum Financial Management LP’s holdings in Sysco were worth $3,368,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. 1620 Investment Advisors Inc. increased its position in shares of Sysco by 2.6% during the third quarter. 1620 Investment Advisors Inc. now owns 4,904 shares of the company’s stock worth $404,000 after acquiring an additional 126 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Sysco by 0.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 40,852 shares of the company’s stock valued at $3,364,000 after acquiring an additional 130 shares in the last quarter. Facet Wealth Inc. boosted its stake in Sysco by 1.2% in the 2nd quarter. Facet Wealth Inc. now owns 10,671 shares of the company’s stock worth $849,000 after purchasing an additional 131 shares during the period. Ellis Investment Partners LLC increased its holdings in Sysco by 4.9% during the 2nd 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. Finally, Silver Oak Securities Incorporated increased its holdings in Sysco by 4.0% during the 3rd quarter. Silver Oak Securities Incorporated now owns 3,493 shares of the company’s stock worth $288,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Trading Down 0.0%

Shares of NYSE:SYY opened at $74.27 on Friday. Sysco Corporation has a 52-week low of $67.12 and a 52-week 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 company has a market capitalization of $35.56 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. The company has a 50-day simple moving average of $74.41 and a 200 day simple moving average of $77.68.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.03. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The firm had revenue of $21.15 billion for the quarter, compared to analyst estimates of $21.03 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. The business’s revenue for the quarter 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 forecast that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The company also recently declared 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. 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 (DPR) is presently 57.91%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Piper Sandler cut their target price on Sysco from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Morgan Stanley set a $88.00 price target on shares of Sysco in a research note on Tuesday, October 21st. Guggenheim lifted their price objective on shares of Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Citigroup cut their price objective on shares of Sysco from $82.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Sysco Company 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.