Plimoth Trust Co. LLC Decreases Stock Position in Sysco Corporation $SYY

Plimoth Trust Co. LLC trimmed its position in shares of Sysco Corporation (NYSE:SYY) by 34.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,007 shares of the company’s stock after selling 6,751 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Sysco were worth $1,071,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Institute for Wealth Management LLC. lifted its stake in shares of Sysco by 9.7% in the third quarter. Institute for Wealth Management LLC. now owns 3,764 shares of the company’s stock worth $310,000 after buying an additional 333 shares in the last quarter. Sowell Financial Services LLC lifted its stake in Sysco by 24.1% in the 3rd quarter. Sowell Financial Services LLC now owns 20,830 shares of the company’s stock worth $1,715,000 after purchasing an additional 4,050 shares in the last quarter. BankPlus Trust Department boosted its holdings in shares of Sysco by 1.1% during the 3rd quarter. BankPlus Trust Department now owns 21,564 shares of the company’s stock worth $1,776,000 after purchasing an additional 231 shares during the last quarter. Persium Advisors LLC boosted its holdings in shares of Sysco by 7.7% during the 3rd quarter. Persium Advisors LLC now owns 7,969 shares of the company’s stock worth $656,000 after purchasing an additional 572 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its position in shares of Sysco by 34.4% in the third quarter. Apollon Wealth Management LLC now owns 10,093 shares of the company’s stock valued at $831,000 after purchasing an additional 2,583 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

NYSE SYY opened at $74.21 on Monday. The stock has a fifty day simple moving average of $75.11 and a 200-day simple moving average of $77.79. The company has a current ratio of 1.15, a quick ratio of 0.65 and a debt-to-equity ratio of 5.54. The stock has a market cap of $35.53 billion, a PE ratio of 19.89, a P/E/G ratio of 2.44 and a beta of 0.61. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $83.47.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, topping 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 company had revenue of $21.15 billion for the quarter, compared to analysts’ expectations of $21.03 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities analysts anticipate 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. 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 is Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is 57.91%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley set a $88.00 price objective on Sysco in a research report on Tuesday, October 21st. Citigroup cut their target price on Sysco from $86.00 to $82.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a research report on Monday, December 22nd. Barclays raised their price objective on shares of Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Piper Sandler reduced their target price on shares of Sysco from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.92.

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.