Sysco Corporation $SYY Stock Position Decreased by Glenview Trust Co

Glenview Trust Co cut its stake in shares of Sysco Corporation (NYSE:SYY) by 44.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 79,336 shares of the company’s stock after selling 62,938 shares during the quarter. Glenview Trust Co’s holdings in Sysco were worth $5,846,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Montag A & Associates Inc. boosted its stake in shares of Sysco by 1.4% during the 4th quarter. Montag A & Associates Inc. now owns 8,743 shares of the company’s stock worth $644,000 after acquiring an additional 123 shares in the last quarter. United Community Bank boosted its stake in shares of Sysco by 11.4% during the 4th quarter. United Community Bank now owns 1,224 shares of the company’s stock worth $90,000 after acquiring an additional 125 shares in the last quarter. Octavia Wealth Advisors LLC lifted its holdings in shares of Sysco by 4.6% in the fourth quarter. Octavia Wealth Advisors LLC now owns 3,231 shares of the company’s stock valued at $237,000 after purchasing an additional 141 shares in the last quarter. Diversify Wealth Management LLC lifted its holdings in shares of Sysco by 1.6% in the fourth quarter. Diversify Wealth Management LLC now owns 9,173 shares of the company’s stock valued at $698,000 after purchasing an additional 143 shares in the last quarter. Finally, Capital Investment Advisory Services LLC lifted its holdings in shares of Sysco by 3.2% in the third quarter. Capital Investment Advisory Services LLC now owns 4,942 shares of the company’s stock valued at $407,000 after purchasing an additional 151 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Sysco Price Performance

Shares of NYSE:SYY opened at $76.30 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. Sysco Corporation has a 1 year low of $68.19 and a 1 year high of $91.85. The business has a fifty day simple moving average of $75.85 and a 200 day simple moving average of $78.08. The firm has a market cap of $36.49 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 3.12 and a beta of 0.66.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The firm had revenue of $20.52 billion for the quarter, compared to analysts’ expectations of $20.56 billion. During the same quarter in the prior year, the business posted $0.96 earnings per share. Sysco’s revenue was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, sell-side analysts predict that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.55 per share. This is a positive change from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, July 2nd. Sysco’s dividend payout ratio is 59.83%.

Analysts Set New Price Targets

SYY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a report on Tuesday, April 28th. Barclays reduced their target price on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Guggenheim reduced their target price on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Wells Fargo & Company increased their target price on Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Finally, Sanford C. Bernstein reduced their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a report on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and an average target price of $88.15.

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.