Sysco Corporation (NYSE:SYY) Given Consensus Rating of “Moderate Buy” by Brokerages

Sysco Corporation (NYSE:SYY) has received a consensus rating of “Moderate Buy” from the fifteen brokerages that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $87.3077.

A number of analysts have weighed in on the company. Truist Financial upped their target price on Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Citigroup upped their target price on Sysco from $84.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Guggenheim upped their target price on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Weiss Ratings upgraded Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Finally, Morgan Stanley set a $88.00 target price on Sysco in a report on Tuesday, October 21st.

Insider Activity

In other news, EVP Ronald L. Phillips sold 7,351 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $81.00, for a total transaction of $595,431.00. Following the transaction, the executive vice president directly owned 41,837 shares of the company’s stock, valued at approximately $3,388,797. This represents a 14.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 14,732 shares of company stock worth $1,193,245 over the last 90 days. Corporate insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Sysco

A number of large investors have recently made changes to their positions in the business. Boyd Watterson Asset Management LLC OH increased its position in shares of Sysco by 106.4% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company’s stock valued at $236,000 after acquiring an additional 1,622 shares during the period. Gradient Investments LLC increased its position in shares of Sysco by 9.2% in the 2nd quarter. Gradient Investments LLC now owns 189,169 shares of the company’s stock valued at $14,328,000 after acquiring an additional 15,906 shares during the period. Beacon Financial Group increased its position in shares of Sysco by 55.5% in the 2nd quarter. Beacon Financial Group now owns 9,955 shares of the company’s stock valued at $754,000 after acquiring an additional 3,554 shares during the period. Shell Asset Management Co. increased its position in shares of Sysco by 31.6% in the 2nd quarter. Shell Asset Management Co. now owns 19,218 shares of the company’s stock valued at $1,456,000 after acquiring an additional 4,620 shares during the period. Finally, KLP Kapitalforvaltning AS increased its position in shares of Sysco by 5.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 448,600 shares of the company’s stock valued at $33,977,000 after acquiring an additional 24,500 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Trading Down 0.5%

SYY opened at $74.35 on Friday. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.70 and a current ratio of 1.15. The stock has a market cap of $35.58 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 2.19 and a beta of 0.82. The stock’s 50 day moving average price is $80.08 and its 200-day moving average price is $77.00. Sysco has a one year low of $67.12 and a one year high of $83.47.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. The firm had revenue of $21.15 billion during the quarter, compared to analyst estimates of $21.03 billion. Sysco had a return on equity of 112.04% and a net margin of 2.21%.Sysco’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, equities analysts forecast that Sysco will post 4.58 EPS for the current year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 3rd were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. Sysco’s dividend payout ratio is presently 57.91%.

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.