Corient Private Wealth LLC Sells 41,483 Shares of Sysco Corporation $SYY

Corient Private Wealth LLC lowered its position in shares of Sysco Corporation (NYSE:SYY) by 14.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 239,902 shares of the company’s stock after selling 41,483 shares during the quarter. Corient Private Wealth LLC’s holdings in Sysco were worth $18,170,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SYY. Norges Bank bought a new stake in Sysco during the second quarter worth $493,686,000. Vanguard Group Inc. increased its position in shares of Sysco by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after purchasing an additional 1,226,381 shares during the last quarter. Amundi raised its stake in shares of Sysco by 36.5% during the 1st quarter. Amundi now owns 3,725,508 shares of the company’s stock worth $280,941,000 after purchasing an additional 995,498 shares during the period. Marshall Wace LLP boosted its holdings in shares of Sysco by 207.6% in the 2nd quarter. Marshall Wace LLP now owns 1,164,656 shares of the company’s stock worth $88,211,000 after buying an additional 785,995 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Sysco by 143.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,215,260 shares of the company’s stock worth $92,044,000 after acquiring an additional 715,663 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Price Performance

Shares of NYSE SYY opened at $75.69 on Thursday. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.65 and a current ratio of 1.15. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. The stock has a market cap of $36.25 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 2.47 and a beta of 0.61. The stock has a fifty day moving average of $75.76 and a 200-day moving average of $77.75.

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

Sysco Announces Dividend

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

Analysts Set New Price Targets

SYY has been the subject of several research analyst reports. Barclays lifted their price target on shares of Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Guggenheim increased their price target on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Morgan Stanley set a $88.00 price objective on Sysco in a report on Tuesday, October 21st. Finally, Sanford C. Bernstein began coverage on shares of Sysco in a report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price objective on the stock. Eight equities research 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 stock has an average rating of “Moderate Buy” and an average target price of $85.92.

Sysco Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.