Weaver Capital Management LLC Sells 7,785 Shares of Sysco Corporation $SYY

Weaver Capital Management LLC decreased its stake in Sysco Corporation (NYSE:SYY) by 74.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,624 shares of the company’s stock after selling 7,785 shares during the period. Weaver Capital Management LLC’s holdings in Sysco were worth $216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Harbor Capital Advisors Inc. lifted its stake in shares of Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Chung Wu Investment Group LLC acquired a new position in Sysco in the 2nd quarter worth about $30,000. Darwin Wealth Management LLC acquired a new position in Sysco in the 2nd quarter worth about $31,000. Vermillion & White Wealth Management Group LLC raised its position in Sysco by 94.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after purchasing an additional 204 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new stake in shares of Sysco during the first quarter valued at about $35,000. Institutional investors own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SYY shares. Citigroup lowered their price objective on Sysco from $86.00 to $82.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Morgan Stanley set a $88.00 price target on shares of Sysco in a research report on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a report on Monday. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Barclays raised 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. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.92.

Sysco Price Performance

Shares of SYY opened at $74.17 on Wednesday. The business’s 50 day moving average price is $74.90 and its two-hundred day moving average price is $77.78. The firm has a market cap of $35.52 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.65 and a current ratio of 1.15. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47.

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

Sysco Dividend Announcement

The company 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 $0.54 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.16 annualized dividend and a dividend yield of 2.9%. Sysco’s dividend payout ratio (DPR) 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.