Sysco Corporation $SYY Shares Sold by Vest Financial LLC

Vest Financial LLC lessened its position in shares of Sysco Corporation (NYSE:SYY) by 0.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 732,790 shares of the company’s stock after selling 445 shares during the quarter. Vest Financial LLC’s holdings in Sysco were worth $55,502,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ellis Investment Partners LLC lifted its stake in Sysco by 4.9% in the 2nd quarter. Ellis Investment Partners LLC now owns 2,820 shares of the company’s stock valued at $214,000 after buying an additional 133 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Sysco by 48.4% during the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares during the period. Trust Co of the South lifted its stake in shares of Sysco by 3.0% during the 2nd quarter. Trust Co of the South now owns 4,849 shares of the company’s stock worth $367,000 after purchasing an additional 142 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of Sysco by 1.6% during the 1st quarter. Chicago Partners Investment Group LLC now owns 8,898 shares of the company’s stock worth $627,000 after purchasing an additional 143 shares during the period. Finally, BSW Wealth Partners lifted its stake in shares of Sysco by 2.3% during the 2nd quarter. BSW Wealth Partners now owns 6,449 shares of the company’s stock worth $488,000 after purchasing an additional 146 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling at Sysco

In related news, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the sale, the executive vice president directly owned 56,304 shares in the company, valued at approximately $4,504,320. This represents a 41.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ronald L. Phillips sold 961 shares of the 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 of the company’s stock, valued at approximately $3,361,581. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,338 shares of company stock valued at $7,439,331. 0.56% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SYY. UBS Group set a $90.00 price objective on shares of Sysco in a report on Wednesday, July 30th. Bank of America increased their price objective on shares of Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Barclays increased their price objective on shares of Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Wall Street Zen upgraded shares of Sysco from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Morgan Stanley lifted their target price on Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.85.

Sysco Price Performance

Shares of Sysco stock opened at $78.44 on Monday. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47. The stock has a market capitalization of $37.53 billion, a P/E ratio of 21.03, a PEG ratio of 2.43 and a beta of 0.82. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. The business’s fifty day moving average price is $80.81 and its 200 day moving average price is $76.41.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.09. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The firm had revenue of $21.14 billion for the quarter, compared to analysts’ expectations of $21.01 billion. During the same quarter last year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, research analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 3rd will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, October 3rd. Sysco’s dividend payout ratio is currently 57.91%.

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.