Walter Public Investments Inc. Lowers Holdings in Sysco Corporation $SYY

Walter Public Investments Inc. reduced its position in shares of Sysco Corporation (NYSE:SYY) by 52.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,198 shares of the company’s stock after selling 92,553 shares during the period. Walter Public Investments Inc.’s holdings in Sysco were worth $6,933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its position in Sysco by 75.0% during the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after buying an additional 135 shares in the last quarter. Chung Wu Investment Group LLC purchased a new stake in shares of Sysco in the 2nd quarter valued at about $30,000. Darwin Wealth Management LLC bought a new stake in shares of Sysco during the 2nd quarter valued at about $31,000. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Sysco by 94.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after purchasing an additional 204 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Sysco by 234.3% in the second quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $35,000 after purchasing an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

Sysco stock opened at $77.03 on Thursday. The firm has a fifty day simple moving average of $74.57 and a two-hundred day simple moving average of $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 twelve month low of $67.12 and a twelve month high of $83.47. The company has a market capitalization of $36.89 billion, a PE ratio of 20.65, a P/E/G ratio of 2.50 and a beta of 0.61.

Sysco (NYSE:SYY) last announced its quarterly earnings data 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. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The firm had revenue of $21.15 billion for the quarter, compared to analysts’ expectations of $21.03 billion. During the same period last year, the firm earned $1.09 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Research analysts expect that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders 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 annualized dividend and a yield of 2.8%. Sysco’s payout ratio is presently 57.91%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SYY shares. Morgan Stanley set a $88.00 target price on shares of Sysco in a research report on Tuesday, October 21st. Piper Sandler dropped their price objective on shares of Sysco from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, December 12th. Barclays increased their target price on Sysco from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Finally, Sanford C. Bernstein began coverage on Sysco in a report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price objective for the company. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Sysco has an average rating of “Moderate Buy” and an average target price of $86.00.

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.