Wendell David Associates Inc. Sells 225 Shares of Sysco Corporation $SYY

Wendell David Associates Inc. lessened its stake in shares of Sysco Corporation (NYSE:SYY) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,700 shares of the company’s stock after selling 225 shares during the quarter. Wendell David Associates Inc.’s holdings in Sysco were worth $4,597,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in shares of Sysco during the 2nd quarter worth about $9,413,000. TrueMark Investments LLC bought a new stake in shares of Sysco during the 2nd quarter worth about $2,810,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Sysco during the 2nd quarter worth about $20,465,000. Signature Estate & Investment Advisors LLC boosted its stake in shares of Sysco by 0.6% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 81,208 shares of the company’s stock worth $6,151,000 after acquiring an additional 469 shares in the last quarter. Finally, Hoese & Co LLP boosted its stake in shares of Sysco by 8.5% during the 2nd quarter. Hoese & Co LLP now owns 2,549 shares of the company’s stock worth $193,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling

In other news, EVP Ronald L. Phillips sold 961 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $81.00, for a total value of $77,841.00. Following the completion of the transaction, the executive vice president directly owned 41,501 shares of the company’s stock, valued at approximately $3,361,581. This represents a 2.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the transaction, the executive vice president directly owned 56,304 shares of the company’s stock, valued at approximately $4,504,320. The trade was a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,338 shares of company stock valued at $7,439,331 in the last quarter. Corporate insiders own 0.56% of the company’s stock.

Sysco Price Performance

Shares of SYY stock opened at $79.92 on Friday. The stock has a 50 day moving average of $80.73 and a two-hundred day moving average of $76.55. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $83.47. The company has a market capitalization of $38.24 billion, a P/E ratio of 21.42, a P/E/G ratio of 2.47 and a beta of 0.82.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The company had revenue of $21.14 billion during the quarter, compared to the consensus estimate of $21.01 billion. During the same quarter last year, the company earned $1.39 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities analysts expect that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 3rd will be given a $0.54 dividend. The ex-dividend date is Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

Analyst Ratings Changes

SYY has been the subject of several recent analyst reports. Citigroup upped their price target on Sysco from $84.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wells Fargo & Company set a $88.00 target price on Sysco and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Truist Financial increased their target price on Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Guggenheim increased their target price on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Finally, Barclays increased their target price on Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $86.46.

Sysco Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.