Simplicity Wealth LLC Has $1.51 Million Holdings in Sysco Corporation $SYY

Simplicity Wealth LLC lessened its position in shares of Sysco Corporation (NYSE:SYY) by 33.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,285 shares of the company’s stock after selling 9,365 shares during the period. Simplicity Wealth LLC’s holdings in Sysco were worth $1,506,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SYY. Intech Investment Management LLC boosted its position in shares of Sysco by 53.1% during the 1st quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock valued at $1,674,000 after purchasing an additional 7,742 shares in the last quarter. Diversified Trust Co acquired a new position in Sysco in the second quarter valued at approximately $225,000. Farther Finance Advisors LLC boosted its holdings in shares of Sysco by 38.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,602 shares of the company’s stock worth $576,000 after buying an additional 2,100 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Sysco by 12.3% during the 2nd quarter. GAMMA Investing LLC now owns 7,017 shares of the company’s stock worth $531,000 after buying an additional 768 shares during the period. Finally, AdvisorNet Financial Inc grew its position in shares of Sysco by 84.6% during the 2nd quarter. AdvisorNet Financial Inc now owns 504 shares of the company’s stock worth $38,000 after buying an additional 231 shares during the period. Institutional investors own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

SYY has been the topic of several research analyst reports. Morgan Stanley cut their target price on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Barclays upped their price objective on shares of Sysco from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Guggenheim raised their target price on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Citigroup decreased their target price on Sysco from $82.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, January 7th. Finally, Sanford C. Bernstein started coverage on Sysco in a report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $85.75.

Sysco Trading Up 0.0%

SYY opened at $76.94 on Friday. The firm has a market capitalization of $36.84 billion, a PE ratio of 20.63, a P/E/G ratio of 2.54 and a beta of 0.61. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. The company’s 50-day moving average is $74.94 and its 200 day moving average is $77.73. 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 (NYSE:SYY) last announced its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating 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%.Sysco’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, research analysts predict that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company 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. This represents a $2.16 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, January 2nd. Sysco’s dividend payout ratio is presently 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.