Hubbell Strickland Wealth Management LLC Cuts Stock Position in Sysco Corporation $SYY

Hubbell Strickland Wealth Management LLC lessened its holdings in Sysco Corporation (NYSE:SYY) by 3.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,084 shares of the company’s stock after selling 165 shares during the period. Hubbell Strickland Wealth Management LLC’s holdings in Sysco were worth $309,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Golden State Wealth Management LLC raised its position in shares of Sysco by 48.4% during the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock valued at $32,000 after buying an additional 140 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in Sysco during the first quarter valued at $33,000. Cheviot Value Management LLC purchased a new position in Sysco during the first quarter valued at $34,000. 1248 Management LLC purchased a new position in Sysco during the first quarter valued at $35,000. Finally, Banque Transatlantique SA bought a new position in shares of Sysco during the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Price Performance

Shares of Sysco stock opened at $82.21 on Friday. The stock has a market cap of $39.85 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 2.54 and a beta of 0.82. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21. The stock has a 50 day moving average price of $80.86 and a 200-day moving average price of $76.12. Sysco Corporation has a one year low of $67.12 and a one year high of $83.47.

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

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 3rd will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.16 annualized dividend and a dividend yield of 2.6%. Sysco’s dividend payout ratio is currently 57.91%.

Insider Activity

In related news, EVP Greg D. Bertrand sold 40,000 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the transaction, the executive vice president directly owned 56,304 shares in the company, valued at approximately $4,504,320. This represents a 41.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ronald L. Phillips sold 37,606 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total value of $3,046,086.00. Following the transaction, the executive vice president owned 30,235 shares of the company’s stock, valued at $2,449,035. This trade represents a 55.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,338 shares of company stock worth $7,439,331 over the last quarter. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Bank of America boosted their target price on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Barclays lifted their price objective on Sysco from $77.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Morgan Stanley raised their target price on shares of Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Sysco in a report on Saturday, September 27th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.69.

Sysco Company 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.