Nisa Investment Advisors LLC Lowers Holdings in Sysco Corporation $SYY

Nisa Investment Advisors LLC lowered its stake in shares of Sysco Corporation (NYSE:SYY) by 11.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 159,755 shares of the company’s stock after selling 21,092 shares during the period. Nisa Investment Advisors LLC’s holdings in Sysco were worth $13,154,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Sysco by 2.0% during the second quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after acquiring an additional 1,226,381 shares during the period. Geode Capital Management LLC boosted its position in Sysco by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 12,551,872 shares of the company’s stock worth $946,694,000 after purchasing an additional 183,179 shares in the last quarter. Norges Bank acquired a new stake in shares of Sysco during the 2nd quarter worth approximately $493,686,000. Charles Schwab Investment Management Inc. grew its stake in shares of Sysco by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,131,931 shares of the company’s stock worth $237,212,000 after purchasing an additional 27,693 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Sysco by 12.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,639,931 shares of the company’s stock valued at $201,076,000 after purchasing an additional 283,706 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Down 0.0%

SYY opened at $74.27 on Friday. The company has a market cap of $35.56 billion, a PE ratio of 19.91, a price-to-earnings-growth 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. The company has a 50-day moving average price of $74.41 and a 200 day moving average price of $77.66. The company has a quick ratio of 0.65, a current ratio of 1.15 and a debt-to-equity ratio of 5.54.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.12 by $0.03. The company had revenue of $21.15 billion during the quarter, compared to analyst estimates of $21.03 billion. Sysco had a return on equity of 112.04% and a net margin of 2.21%.Sysco’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Sell-side analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SYY. Piper Sandler lowered their price target on shares of Sysco from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, December 12th. Guggenheim increased their target price on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research report on Monday, December 29th. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Sanford C. Bernstein started coverage on Sysco in a report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Sysco presently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

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.