Toth Financial Advisory Corp Sells 10,754 Shares of Sysco Corporation $SYY

Toth Financial Advisory Corp cut its stake in shares of Sysco Corporation (NYSE:SYY) by 7.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 126,900 shares of the company’s stock after selling 10,754 shares during the quarter. Sysco makes up approximately 1.0% of Toth Financial Advisory Corp’s holdings, making the stock its 24th biggest holding. Toth Financial Advisory Corp’s holdings in Sysco were worth $10,606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Montag A & Associates Inc. increased its holdings in Sysco by 1.4% during the 4th quarter. Montag A & Associates Inc. now owns 8,743 shares of the company’s stock worth $644,000 after purchasing an additional 123 shares during the period. First Citizens Bank & Trust Co. lifted its holdings in shares of Sysco by 1.2% in the 4th quarter. First Citizens Bank & Trust Co. now owns 11,224 shares of the company’s stock worth $827,000 after buying an additional 138 shares during the period. Diversify Wealth Management LLC lifted its holdings in shares of Sysco by 1.6% in the 4th quarter. Diversify Wealth Management LLC now owns 9,173 shares of the company’s stock worth $698,000 after buying an additional 143 shares during the period. Arax Advisory Partners grew its position in shares of Sysco by 2.4% during the 4th quarter. Arax Advisory Partners now owns 6,222 shares of the company’s stock worth $458,000 after buying an additional 145 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its position in shares of Sysco by 11.1% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 1,469 shares of the company’s stock worth $108,000 after buying an additional 147 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

Shares of Sysco stock opened at $81.95 on Friday. The company has a market capitalization of $39.26 billion, a PE ratio of 22.39, a P/E/G ratio of 2.81 and a beta of 0.64. The company has a 50-day simple moving average of $83.05 and a two-hundred day simple moving average of $80.59. Sysco Corporation has a one year low of $68.19 and a one year high of $91.85. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The business had revenue of $22.12 billion for the quarter, compared to analysts’ expectations of $21.95 billion. During the same period last year, the business earned $1.48 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. Research analysts expect that Sysco Corporation will post 5.12 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 2nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, October 2nd. Sysco’s dividend payout ratio (DPR) is 60.11%.

Insider Transactions at Sysco

In other news, EVP Ronald L. Phillips sold 7,350 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $83.61, for a total transaction of $614,533.50. Following the transaction, the executive vice president directly owned 38,650 shares of the company’s stock, valued at approximately $3,231,526.50. This represents a 15.98% 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 have sold 14,508 shares of company stock valued at $1,215,250 over the last 90 days. 0.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SYY shares. Wall Street Zen upgraded Sysco from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup increased their target price on shares of Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Weiss Ratings raised shares of Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 19th. UBS Group boosted 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. Finally, Piper Sandler increased their price objective on shares of Sysco from $77.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus price target of $89.50.

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.