Sysco Corporation (NYSE:SYY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Sysco Corporation (NYSE:SYY) have earned an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $89.50.

A number of equities analysts recently commented on the company. Melius Research downgraded Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Piper Sandler boosted their target price on shares of Sysco from $77.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Citigroup increased their price target on shares of Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Morgan Stanley raised their price target on shares of Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Sysco in a research note on Wednesday, September 16th.

Insider Activity

In other news, EVP Ronald Phillips sold 960 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $83.00, for a total transaction of $79,680.00. Following the transaction, the executive vice president owned 49,852 shares of the company’s stock, valued at approximately $4,137,716. This represents a 1.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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. In the last ninety days, insiders sold 15,525 shares of company stock worth $1,299,736. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Sysco

A number of large investors have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. grew its stake in Sysco by 22.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,004 shares of the company’s stock valued at $418,000 after buying an additional 903 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Sysco by 7.8% during the second quarter. Sequoia Financial Advisors LLC now owns 32,097 shares of the company’s stock valued at $2,683,000 after acquiring an additional 2,314 shares during the period. Tidal Investments LLC boosted its holdings in Sysco by 27.6% during the second quarter. Tidal Investments LLC now owns 138,807 shares of the company’s stock valued at $11,601,000 after acquiring an additional 29,999 shares during the period. National Pension Service grew its position in shares of Sysco by 5.9% in the second quarter. National Pension Service now owns 911,016 shares of the company’s stock valued at $76,143,000 after purchasing an additional 50,845 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Sysco in the second quarter worth about $418,000. Institutional investors own 83.41% of the company’s stock.

Sysco Trading Up 0.1%

NYSE:SYY opened at $78.54 on Tuesday. The stock has a market cap of $37.66 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.75 and a beta of 0.63. Sysco has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.28 and a quick ratio of 0.77. The stock’s 50-day moving average is $82.08 and its two-hundred day moving average is $79.30.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $21.95 billion. During the same period in the prior year, the firm earned $1.48 earnings per share. The firm’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. As a group, equities research analysts forecast that Sysco will post 5.07 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 2nd will be given a $0.55 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. Sysco’s payout ratio is currently 60.11%.

About Sysco

Sysco Corporation is a global foodservice distributor headquartered in Houston, Texas. The company supplies restaurants, hotels, healthcare facilities, educational institutions, government organizations and other foodservice customers with a broad range of products and related services.

Sysco’s offerings include fresh and frozen foods, meat and seafood, dairy products, produce, canned and dry goods, beverages, specialty and international foods, and prepared and ready-to-use items. The company also distributes nonfood products such as kitchen equipment, tableware, cleaning supplies and other operating supplies.