Sysco Corporation $SYY Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its position in shares of Sysco Corporation (NYSE:SYY) by 96.6% in the third quarter, Holdings Channel reports. The institutional investor owned 4,280 shares of the company’s stock after selling 120,000 shares during the period. International Assets Investment Management LLC’s holdings in Sysco were worth $331,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. raised its holdings in Sysco by 75.0% during the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares in the last quarter. Chung Wu Investment Group LLC purchased a new stake in Sysco in the 2nd quarter valued at approximately $30,000. Darwin Wealth Management LLC acquired a new position in Sysco during the 2nd quarter worth approximately $31,000. Vermillion & White Wealth Management Group LLC raised its stake in shares of Sysco by 94.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after buying an additional 204 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Sysco by 234.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $35,000 after buying an additional 321 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

SYY has been the topic of a number of recent analyst reports. Sanford C. Bernstein began coverage on Sysco in a report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price objective on the stock. Morgan Stanley decreased 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 report on Tuesday. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a report on Monday, December 29th. Finally, Citigroup lowered their target price on shares of Sysco from $82.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 7th. 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 price target of $85.75.

Sysco Trading Down 0.9%

NYSE:SYY opened at $76.18 on Friday. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $83.47. The company has a quick ratio of 0.65, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. The stock has a fifty day simple moving average of $74.97 and a 200-day simple moving average of $77.73. The company has a market capitalization of $36.48 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 2.51 and a beta of 0.61.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is 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.