Sysco (NYSE:SYY) Downgraded to “Hold” Rating by Wall Street Zen

Sysco (NYSE:SYY) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other equities research analysts have also recently weighed in on SYY. Barclays raised their price objective on shares of Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. UBS Group set a $90.00 price target on shares of Sysco in a research report on Wednesday, July 30th. Weiss Ratings upgraded shares of Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Morgan Stanley set a $88.00 price target on shares of Sysco in a research report on Tuesday. Finally, Sanford C. Bernstein initiated coverage on shares of Sysco in a research report on Wednesday. They set a “market perform” rating and a $83.00 price target for the company. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.00.

Sysco Trading Down 1.2%

SYY opened at $77.30 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. The stock has a market capitalization of $36.99 billion, a PE ratio of 20.72, a PEG ratio of 2.41 and a beta of 0.82. Sysco has a 1-year low of $67.12 and a 1-year high of $83.47. The firm has a 50-day moving average price of $80.53 and a two-hundred day moving average price of $76.78.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate 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 net margin of 2.25% and a return on equity of 109.52%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities analysts anticipate that Sysco will post 4.58 earnings per share for the current fiscal year.

Insider Transactions at Sysco

In related news, EVP Ronald L. Phillips sold 7,351 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $81.00, for a total transaction of $595,431.00. Following the completion of the transaction, the executive vice president owned 41,837 shares in the company, valued at approximately $3,388,797. The trade was a 14.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 14,732 shares of company stock worth $1,193,245 in the last ninety days. 0.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. MGO One Seven LLC grew its holdings in Sysco by 51.1% during the third quarter. MGO One Seven LLC now owns 19,783 shares of the company’s stock valued at $1,629,000 after purchasing an additional 6,693 shares during the period. Citizens Financial Group Inc. RI grew its holdings in Sysco by 46.7% during the third quarter. Citizens Financial Group Inc. RI now owns 59,142 shares of the company’s stock valued at $4,870,000 after purchasing an additional 18,839 shares during the period. Williams Financial LLC acquired a new position in Sysco during the third quarter valued at approximately $244,000. Citizens & Northern Corp acquired a new position in Sysco during the third quarter valued at approximately $206,000. Finally, Parnassus Investments LLC lifted its stake in Sysco by 2.0% in the third quarter. Parnassus Investments LLC now owns 1,595,466 shares of the company’s stock valued at $131,371,000 after buying an additional 31,263 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

About Sysco

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.