Vest Financial LLC Sells 46,185 Shares of Sysco Corporation $SYY

Vest Financial LLC reduced its position in shares of Sysco Corporation (NYSE:SYY) by 6.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 686,605 shares of the company’s stock after selling 46,185 shares during the quarter. Vest Financial LLC owned approximately 0.14% of Sysco worth $56,535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SYY. Norges Bank bought a new stake in shares of Sysco in the second quarter worth about $493,686,000. Vanguard Group Inc. raised its holdings in Sysco by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after purchasing an additional 1,226,381 shares in the last quarter. Marshall Wace LLP raised its stake in Sysco by 207.6% in the second quarter. Marshall Wace LLP now owns 1,164,656 shares of the company’s stock worth $88,211,000 after buying an additional 785,995 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Sysco by 143.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,215,260 shares of the company’s stock worth $92,044,000 after acquiring an additional 715,663 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Sysco by 163.1% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 710,900 shares of the company’s stock valued at $58,536,000 after purchasing an additional 440,700 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

NYSE:SYY opened at $76.47 on Wednesday. The stock has a 50-day moving average price of $74.87 and a 200 day moving average price of $77.74. The stock has a market capitalization of $36.62 billion, a P/E ratio of 20.50, a P/E/G ratio of 2.59 and a beta of 0.61. Sysco Corporation has a 12-month low of $67.12 and a 12-month high of $83.47. The company has a current ratio of 1.15, a quick ratio of 0.65 and a debt-to-equity ratio of 5.54.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.03. The business had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 billion. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities 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. Shareholders 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 2.8%. The ex-dividend date is Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SYY. Guggenheim boosted 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. Barclays raised their price target on shares of Sysco from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Morgan Stanley reduced their price objective on Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a research report on Monday, December 29th. Finally, Citigroup dropped their target price on Sysco from $82.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 7th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.75.

About Sysco

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.