Liberty One Investment Management LLC Sells 48,943 Shares of Sysco Corporation $SYY

Liberty One Investment Management LLC cut its holdings in Sysco Corporation (NYSE:SYY) by 18.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,052 shares of the company’s stock after selling 48,943 shares during the quarter. Sysco makes up about 1.6% of Liberty One Investment Management LLC’s holdings, making the stock its 23rd biggest holding. Liberty One Investment Management LLC’s holdings in Sysco were worth $15,268,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SYY. Dickmeyer Boyce Financial Management Inc. bought a new position in shares of Sysco during the first quarter valued at approximately $930,000. Sei Investments Co. boosted its position in shares of Sysco by 114.7% in the 1st quarter. Sei Investments Co. now owns 626,554 shares of the company’s stock worth $44,694,000 after purchasing an additional 334,663 shares in the last quarter. Lido Advisors LLC boosted its position in shares of Sysco by 46.8% in the 1st quarter. Lido Advisors LLC now owns 21,108 shares of the company’s stock worth $1,506,000 after purchasing an additional 6,726 shares in the last quarter. State of Wyoming grew its stake in shares of Sysco by 36.1% in the 1st quarter. State of Wyoming now owns 5,630 shares of the company’s stock worth $402,000 after buying an additional 1,494 shares during the last quarter. Finally, Levin Capital Strategies L.P. purchased a new stake in shares of Sysco in the 1st quarter worth approximately $3,043,000. 83.41% of the stock is currently owned by institutional investors.

Sysco Price Performance

Shares of NYSE SYY opened at $81.72 on Friday. The firm has a market cap of $39.12 billion, a P/E ratio of 22.64, a PEG ratio of 3.23 and a beta of 0.64. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58. The company has a 50 day moving average of $79.31 and a 200 day moving average of $79.71.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The business 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. The business’s revenue for the quarter 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, research analysts expect that Sysco Corporation will post 4.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SYY has been the subject of a number of recent research reports. Piper Sandler lowered their price objective on Sysco from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft cut Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a research note on Tuesday, April 28th. Morgan Stanley raised their price target on Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Guggenheim dropped their price target on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, UBS Group cut their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Sysco currently has a consensus rating of “Hold” and a consensus target price of $88.00.

Insider Activity at Sysco

In other Sysco news, Director John M. Hinshaw acquired 13,304 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the transaction, the director directly owned 40,200 shares of the company’s stock, valued at approximately $3,021,834. This represents a 49.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is owned by company insiders.

Sysco 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.