Sysco Corporation $SYY Stock Holdings Lessened by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC cut its stake in shares of Sysco Corporation (NYSE:SYY) by 95.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,295 shares of the company’s stock after selling 101,515 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in Sysco were worth $325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SYY. Chung Wu Investment Group LLC acquired a new position in shares of Sysco in the 2nd quarter valued at $30,000. Darwin Wealth Management LLC purchased a new stake in Sysco during the second quarter valued at about $31,000. Vermillion & White Wealth Management Group LLC lifted its stake in Sysco by 94.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after buying an additional 204 shares in the last quarter. 1248 Management LLC acquired a new position in shares of Sysco in the first quarter worth about $35,000. Finally, Banque Transatlantique SA purchased a new position in shares of Sysco in the first quarter worth approximately $35,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Trading Up 0.2%

NYSE:SYY opened at $74.34 on Monday. 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 $35.60 billion, a P/E ratio of 19.93, a P/E/G ratio of 2.44 and a beta of 0.61. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.47. The stock’s 50 day moving average price is $76.02 and its 200 day moving average price is $77.72.

Sysco (NYSE:SYY) last issued its quarterly earnings results 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 company had revenue of $21.15 billion for the quarter, compared to the consensus estimate of $21.03 billion. During the same period last year, the business posted $1.09 earnings per share. The firm’s 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. On average, research analysts forecast that Sysco Corporation will post 4.58 EPS for the current fiscal 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 paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, January 2nd. Sysco’s payout ratio is currently 57.91%.

Analysts Set New Price Targets

A number of equities analysts recently commented on SYY shares. Sanford C. Bernstein initiated coverage on shares of Sysco in a research note on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Sysco in a report on Monday, December 8th. Piper Sandler lowered their price target on Sysco from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday. Guggenheim upped 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. Finally, Citigroup lowered their target price on Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Sysco has an average rating of “Moderate Buy” and a consensus target price of $86.50.

Sysco Company Profile

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.