Sysco Corporation $SYY Stake Lowered by VestGen Advisors LLC

VestGen Advisors LLC lowered its stake in shares of Sysco Corporation (NYSE:SYY) by 70.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,287 shares of the company’s stock after selling 7,662 shares during the period. VestGen Advisors LLC’s holdings in Sysco were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. N.E.W. Advisory Services LLC acquired a new stake in Sysco during the 2nd quarter worth $29,000. Sunbelt Securities Inc. grew its stake in Sysco by 87.6% in the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock valued at $26,000 after acquiring an additional 170 shares during the period. Markowski Investments acquired a new position in Sysco in the second quarter valued at about $31,000. Parvin Asset Management LLC acquired a new position in Sysco in the second quarter valued at about $32,000. Finally, Tacita Capital Inc bought a new stake in shares of Sysco in the second quarter worth about $35,000. 83.41% of the stock is owned by institutional investors.

Insider Transactions at Sysco

In related news, EVP Ronald Phillips sold 960 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $83.00, for a total transaction of $79,680.00. Following the completion of the transaction, the executive vice president directly owned 49,852 shares of the company’s stock, valued at approximately $4,137,716. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 15,525 shares of company stock worth $1,299,736 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

Sysco Stock Performance

Shares of SYY opened at $74.12 on Wednesday. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85. The firm has a fifty day simple moving average of $80.30 and a 200 day simple moving average of $80.52. The stock has a market capitalization of $36.46 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.30 and a beta of 0.66. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 4.62.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.19. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $22.02 billion. During the same period in the previous year, the business earned $1.15 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Research analysts forecast that Sysco Corporation will post 5.09 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 2nd were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, October 2nd. Sysco’s dividend payout ratio is presently 60.11%.

Key Stories Impacting Sysco

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Local case volume grew 2.7% in the first quarter, and Sysco reiterated its fiscal 2027 adjusted EPS growth outlook of 9%–11%. The company also expects its AI transformation efforts to generate $100 million in savings in fiscal 2027. Sysco: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Sysco reported adjusted first-quarter EPS of $1.19, in line with the company’s cited consensus estimate and ahead of the $1.17 estimate reported by Zacks. It also named interim CFO Brandon Sewell as permanent CFO, providing continuity in the finance leadership role. Sysco Q1 Earnings: Sales Miss Estimates, Full-Year EPS Outlook Unchanged
• Negative Sentiment: Revenue of $21.74 billion was below the $22.02 billion analyst estimate, despite increasing 2.8% year over year. The company said a cyclosporiasis outbreak affected first-quarter sales, while costs related to the Jetro acquisition and concerns around sales guidance added pressure. The revenue miss appears to have outweighed the EPS result and reaffirmed full-year earnings outlook. Food distributor Sysco says cyclosporiasis outbreak hit Q1 sales Sysco under pressure on Jetro acquisition costs, FY sales guidance

Analyst Ratings Changes

SYY has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on Sysco from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. Melius Research cut Sysco from a “hold” rating to a “sell” rating in a research note on Tuesday, July 7th. Guggenheim restated a “buy” rating and set a $90.00 target price on shares of Sysco in a report on Wednesday, September 16th. Morgan Stanley lifted their price target on shares of Sysco from $88.00 to $91.00 and gave the company an “equal weight” rating in a research note on Thursday, October 15th. Finally, UBS Group upped their price target on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.42.

Sysco Company Profile

Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.

The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.

Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.