Vise Technologies Inc. Buys Shares of 10,065 Sysco Corporation $SYY

Vise Technologies Inc. acquired a new position in Sysco Corporation (NYSE:SYY) during the 2nd quarter, Holdings Channel reports. The fund acquired 10,065 shares of the company’s stock, valued at approximately $762,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Facet Wealth Inc. raised its position in shares of Sysco by 1.2% during 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 last quarter. Ellis Investment Partners LLC raised its holdings in shares of Sysco by 4.9% in the second quarter. Ellis Investment Partners LLC now owns 2,820 shares of the company’s stock worth $214,000 after acquiring an additional 133 shares during the last quarter. Stephens Inc. AR lifted its position in shares of Sysco by 0.6% in the second quarter. Stephens Inc. AR now owns 25,040 shares of the company’s stock valued at $1,897,000 after acquiring an additional 140 shares in the last quarter. Trust Co of the South boosted its stake in shares of Sysco by 3.0% during the second quarter. Trust Co of the South now owns 4,849 shares of the company’s stock valued at $367,000 after acquiring an additional 142 shares during the last quarter. Finally, NorthRock Partners LLC increased its position in Sysco by 2.2% during the 2nd quarter. NorthRock Partners LLC now owns 6,514 shares of the company’s stock worth $493,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analysts Set New Price Targets

SYY has been the subject of a number of recent research reports. Wells Fargo & Company set a $88.00 price target on shares of Sysco and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Sanford C. Bernstein started coverage on shares of Sysco in a research note on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 target price for the company. UBS Group set a $90.00 price target on Sysco in a research note on Wednesday, July 30th. Truist Financial lifted their price objective on Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Barclays increased their target price on Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Insider Buying and Selling at Sysco

In related news, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total value of $77,841.00. Following the completion of the sale, the executive vice president owned 41,501 shares in the company, valued at approximately $3,361,581. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.56% of the company’s stock.

Sysco Stock Down 0.5%

Shares of Sysco stock opened at $75.03 on Friday. The company has a fifty day moving average price of $78.96 and a 200 day moving average price of $77.15. The stock has a market cap of $35.93 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 5.54.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. The firm had revenue of $21.15 billion during the quarter, compared to analysts’ expectations of $21.03 billion. Sysco had a return on equity of 112.04% and a net margin of 2.21%.Sysco’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders 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 dividend yield of 2.9%. The ex-dividend date is Friday, January 2nd. Sysco’s dividend payout ratio is 57.91%.

About Sysco

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.