Liberty One Investment Management LLC Purchases 341,596 Shares of Sysco Corporation $SYY

Liberty One Investment Management LLC raised its position in shares of Sysco Corporation (NYSE:SYY) by 98.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 687,493 shares of the company’s stock after acquiring an additional 341,596 shares during the period. Sysco makes up 3.2% of Liberty One Investment Management LLC’s portfolio, making the stock its 11th biggest holding. Liberty One Investment Management LLC owned approximately 0.14% of Sysco worth $56,588,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SYY. Salvus Wealth Management LLC bought a new stake in Sysco in the 2nd quarter valued at $329,000. Gateway Investment Advisers LLC raised its position 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 buying an additional 73,298 shares during the last quarter. Norges Bank bought a new stake in shares of Sysco in the second quarter valued at about $493,686,000. Accurate Wealth Management LLC acquired a new stake in Sysco during the third quarter worth about $2,497,000. Finally, Brighton Jones LLC increased its stake in Sysco by 4.3% during the second quarter. Brighton Jones LLC now owns 90,338 shares of the company’s stock valued at $6,842,000 after acquiring an additional 3,760 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SYY shares. Sanford C. Bernstein assumed coverage on Sysco in a research report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price objective on the stock. Citigroup lowered their price target on shares of Sysco from $82.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, January 7th. Guggenheim raised their price objective on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Piper Sandler lowered their target price on shares of Sysco from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a research report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Sysco Price Performance

NYSE:SYY opened at $74.33 on Tuesday. The firm has a market cap of $35.59 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. The company’s 50-day moving average price is $74.44 and its two-hundred day moving average price is $77.69. The company has a quick ratio of 0.65, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $83.47.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.12 by $0.03. The company had revenue of $21.15 billion for 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%.The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 earnings per share. 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 fiscal year.

Sysco Dividend Announcement

The business 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. This represents a $2.16 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, January 2nd. Sysco’s payout ratio is 57.91%.

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.