Sysco Corporation $SYY Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC reduced its stake in Sysco Corporation (NYSE:SYY) by 38.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 33,775 shares of the company’s stock after selling 21,232 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Sysco were worth $2,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of SYY. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Sysco by 0.6% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 24,298 shares of the company’s stock worth $2,001,000 after buying an additional 152 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in Sysco by 276.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 10,173 shares of the company’s stock worth $838,000 after acquiring an additional 7,471 shares during the last quarter. OLD Point Trust & Financial Services N A raised its stake in Sysco by 9.0% in the 3rd quarter. OLD Point Trust & Financial Services N A now owns 38,291 shares of the company’s stock worth $3,153,000 after acquiring an additional 3,163 shares during the last quarter. Wedmont Private Capital grew its stake in Sysco by 25.4% during the 3rd quarter. Wedmont Private Capital now owns 7,321 shares of the company’s stock valued at $585,000 after purchasing an additional 1,483 shares during the last quarter. Finally, Czech National Bank grew its stake in Sysco by 2.3% during the 3rd quarter. Czech National Bank now owns 121,274 shares of the company’s stock valued at $9,986,000 after purchasing an additional 2,784 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Guggenheim raised their price objective on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Sanford C. Bernstein assumed coverage on shares of Sysco in a research report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price target for the company. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Citigroup cut their price objective on shares of Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Sysco in a research report on Monday, December 8th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.92.

Sysco Price Performance

Shares of NYSE SYY opened at $74.53 on Friday. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.65. The stock has a market capitalization of $35.69 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.45 and a beta of 0.61. The firm’s 50 day simple moving average is $75.62 and its 200-day simple moving average is $77.77. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $83.47.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The firm had revenue of $21.15 billion for the quarter, compared to the consensus estimate of $21.03 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Analysts expect that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be given 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 yield of 2.9%. 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.