Simplicity Wealth LLC Reduces Holdings in Sysco Corporation $SYY

Simplicity Wealth LLC decreased its position in shares of Sysco Corporation (NYSE:SYY) by 37.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,519 shares of the company’s stock after selling 6,766 shares during the period. Simplicity Wealth LLC’s holdings in Sysco were worth $849,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. purchased a new stake in Sysco during the 3rd quarter worth $25,000. Torren Management LLC purchased a new stake in Sysco during the 4th quarter worth $27,000. Peterson Wealth Services increased its stake in Sysco by 875.7% during the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after buying an additional 324 shares during the period. Marquette Asset Management LLC increased its stake in Sysco by 367.4% during the 4th quarter. Marquette Asset Management LLC now owns 402 shares of the company’s stock worth $30,000 after buying an additional 316 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in Sysco during the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

Shares of Sysco stock opened at $74.75 on Friday. The firm has a market cap of $35.80 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 2.67 and a beta of 0.69. The firm’s 50-day simple moving average is $79.95 and its 200-day simple moving average is $78.41. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.75 and a current ratio of 1.33. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The business had revenue of $20.52 billion for the quarter, compared to the consensus estimate of $20.56 billion. During the same period in the prior year, the company earned $0.96 EPS. Sysco’s quarterly revenue was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Equities analysts forecast that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is currently 60.94%.

Insider Buying and Selling at Sysco

In related news, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the sale, the director owned 12,868 shares of the company’s stock, valued at $1,067,915.32. This represents a 17.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SYY shares. UBS Group cut their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Guggenheim cut their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Argus upgraded shares of Sysco to a “hold” rating in a research note on Thursday, January 29th. Wall Street Zen upgraded shares of Sysco from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, Morgan Stanley cut their target price on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.15.

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.