Sysco Corporation (SYY) – What Are Analysts Thinking About This Stock?

Shares of Sysco Corporation (NYSE:SYY) have been given an average recommendation of “Moderate Buy” by the sixteen research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $90.42.

Several brokerages have recently issued reports on SYY. Citigroup raised 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. Piper Sandler upped their price objective on Sysco from $77.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. UBS Group increased their price objective on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Guggenheim reissued a “buy” rating and issued a $90.00 target price on shares of Sysco in a research report on Wednesday, September 16th. Finally, Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research note on Saturday.

Sysco Stock Performance

Shares of SYY traded down $2.59 on Friday, reaching $81.38. 2,396,096 shares of the company’s stock traded hands, compared to its average volume of 3,337,198. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 4.62. The stock has a market cap of $40.04 billion, a PE ratio of 22.24, a PEG ratio of 2.87 and a beta of 0.64. The stock’s 50 day simple moving average is $80.49 and its two-hundred day simple moving average is $79.29. Sysco has a 52-week low of $68.19 and a 52-week high of $91.85.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The firm had revenue of $22.12 billion during the quarter, compared to the consensus estimate of $21.95 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. On average, analysts forecast that Sysco will post 5.10 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 2nd were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $2.20 annualized dividend and a yield of 2.7%. Sysco’s dividend payout ratio is 60.11%.

Insider Buying and Selling at Sysco

In other news, EVP Ronald Phillips sold 7,350 shares of Sysco stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $83.61, for a total value of $614,533.50. Following the completion of the transaction, the executive vice president owned 38,650 shares in the company, valued at $3,231,526.50. This trade represents a 15.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 a total of 15,525 shares of company stock valued at $1,299,736 in the last three months. 0.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sysco

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kingswood Wealth Advisors LLC increased its position in Sysco by 1.3% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 11,356 shares of the company’s stock valued at $885,000 after purchasing an additional 144 shares during the period. Provident Investment Management Inc. raised its holdings in Sysco by 23.4% in the 3rd quarter. Provident Investment Management Inc. now owns 9,822 shares of the company’s stock worth $766,000 after purchasing an additional 1,865 shares in the last quarter. Norris Perne & French LLP MI purchased a new stake in shares of Sysco in the 3rd quarter worth about $259,000. Signaturefd LLC lifted its position in shares of Sysco by 31.4% in the 3rd quarter. Signaturefd LLC now owns 6,734 shares of the company’s stock worth $525,000 after purchasing an additional 1,610 shares during the period. Finally, Citizens Financial Group Inc. RI lifted its position in shares of Sysco by 0.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 55,132 shares of the company’s stock worth $4,298,000 after purchasing an additional 233 shares during the period. Institutional investors own 83.41% of the company’s stock.

About Sysco

Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.

The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.

Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.