Forum Financial Management LP Has $3.37 Million Holdings in Sysco Corporation $SYY

Forum Financial Management LP decreased its position in shares of Sysco Corporation (NYSE:SYY) by 16.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,909 shares of the company’s stock after selling 8,121 shares during the period. Forum Financial Management LP’s holdings in Sysco were worth $3,368,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Salvus Wealth Management LLC acquired a new stake in Sysco in the 2nd quarter valued at about $329,000. Gateway Investment Advisers LLC grew its stake in shares of Sysco by 594.8% during the third quarter. Gateway Investment Advisers LLC now owns 85,622 shares of the company’s stock valued at $7,050,000 after purchasing an additional 73,298 shares during the last quarter. Norges Bank acquired a new stake in shares of Sysco in the second quarter valued at approximately $493,686,000. Accurate Wealth Management LLC acquired a new stake in shares of Sysco in the third quarter valued at approximately $2,497,000. Finally, Brighton Jones LLC raised its position in Sysco by 4.3% in the 2nd quarter. Brighton Jones LLC now owns 90,338 shares of the company’s stock worth $6,842,000 after purchasing an additional 3,760 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SYY shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Barclays raised their price target on Sysco from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday. Guggenheim lifted their price objective on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Piper Sandler cut their target price on shares of Sysco from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Finally, Sanford C. Bernstein began coverage on shares of Sysco in a research report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $86.00.

Sysco Stock Performance

Shares of SYY stock opened at $74.27 on Friday. The stock has a market cap of $35.56 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. The stock has a 50-day moving average of $74.41 and a 200-day moving average of $77.68. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.65. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47.

Sysco (NYSE:SYY) last released its quarterly earnings data 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. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business had revenue of $21.15 billion for the quarter, compared to analyst estimates of $21.03 billion. During the same quarter last year, the firm earned $1.09 EPS. Sysco’s quarterly 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. As a group, sell-side analysts expect that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 2nd will be given a $0.54 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. Sysco’s dividend payout ratio 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.