Analysts Set Sysco Corporation (NYSE:SYY) PT at $88.15

Shares of Sysco Corporation (NYSE:SYY) have been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $88.1538.

A number of research firms have issued reports on SYY. Weiss Ratings lowered Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 30th. Wells Fargo & Company raised their target price on Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. UBS Group lowered their target price on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Citigroup raised their price objective on Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Barclays reduced their price objective on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th.

Sysco Trading Down 0.3%

NYSE:SYY opened at $79.42 on Friday. The stock has a market cap of $37.98 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 3.25 and a beta of 0.65. 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 5.58, a current ratio of 1.33 and a quick ratio of 0.80. The stock’s 50-day moving average is $75.07 and its two-hundred day moving average is $78.26.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The business had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.56 billion. During the same quarter in the prior year, the company earned $0.96 EPS. Sysco’s revenue for the quarter was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, equities research analysts forecast that Sysco will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be given a $0.55 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from Sysco’s previous quarterly dividend of $0.54. Sysco’s dividend payout ratio is 59.83%.

Insider Activity at Sysco

In related news, Director John M. Hinshaw bought 13,304 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the transaction, the director directly owned 40,200 shares of the company’s stock, valued at $3,021,834. This represents a 49.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Sysco

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jackson Grant Investment Advisers Inc. bought a new position in shares of Sysco during the 3rd quarter worth approximately $25,000. Lloyd Advisory Services LLC. bought a new position in shares of Sysco during the 4th quarter worth approximately $25,000. Motiv8 Investments LLC bought a new position in shares of Sysco during the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. lifted its position in shares of Sysco by 87.6% during the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock worth $26,000 after buying an additional 170 shares during the period. Finally, Torren Management LLC bought a new position in shares of Sysco during the 4th quarter worth approximately $27,000. Institutional investors own 83.41% of the company’s stock.

Sysco Company 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.