Weaver Capital Management LLC Has $216,000 Stake in Sysco Corporation $SYY

Weaver Capital Management LLC reduced its position in Sysco Corporation (NYSE:SYY) by 74.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,624 shares of the company’s stock after selling 7,785 shares during the period. Weaver Capital Management LLC’s holdings in Sysco were worth $216,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 1620 Investment Advisors Inc. lifted its stake in shares of Sysco by 2.6% in the third quarter. 1620 Investment Advisors Inc. now owns 4,904 shares of the company’s stock valued at $404,000 after buying an additional 126 shares in the last quarter. Facet Wealth Inc. raised its holdings in shares of Sysco by 1.2% in the 2nd quarter. Facet Wealth Inc. now owns 10,671 shares of the company’s stock worth $849,000 after acquiring an additional 131 shares during the last quarter. Ellis Investment Partners LLC lifted its position 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 acquiring an additional 133 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in Sysco by 0.6% during the 2nd quarter. Stephens Inc. AR now owns 25,040 shares of the company’s stock valued at $1,897,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SYY. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a report on Monday. Guggenheim raised their price objective on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Morgan Stanley set a $88.00 price objective on shares of Sysco in a report on Tuesday, October 21st. Piper Sandler lowered their target price 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. Finally, Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.92.

Sysco Stock Performance

Shares of SYY stock opened at $74.17 on Wednesday. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.65 and a current ratio of 1.15. The firm has a market cap of $35.52 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 2.45 and a beta of 0.61. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $83.47. The firm’s 50-day simple moving average is $74.90 and its two-hundred day simple moving average is $77.78.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. The firm had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 billion. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities analysts forecast that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be paid a $0.54 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.16 annualized dividend and a dividend yield of 2.9%. Sysco’s payout ratio is presently 57.91%.

Sysco Company 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.