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

Sysco Corporation (NYSE:SYY) has received an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $87.00.

Several research analysts have weighed in on SYY shares. Morgan Stanley set a $88.00 price target on Sysco in a report on Tuesday, October 21st. UBS Group set a $90.00 price objective on Sysco in a research report on Wednesday, July 30th. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Truist Financial raised their price target on Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, Sanford C. Bernstein initiated coverage on Sysco in a report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price target for the company.

Insiders Place Their Bets

In other news, EVP Ronald L. Phillips sold 7,351 shares of the business’s stock in a transaction 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 sale, the executive vice president directly owned 41,837 shares of the company’s stock, valued at $3,388,797. The trade was a 14.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sysco

A number of institutional investors have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its holdings in shares of Sysco by 1.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 26,705 shares of the company’s stock worth $2,004,000 after purchasing an additional 438 shares during the period. Assetmark Inc. lifted its position in Sysco by 34.3% during the first quarter. Assetmark Inc. now owns 2,292 shares of the company’s stock valued at $172,000 after buying an additional 586 shares in the last quarter. HB Wealth Management LLC grew its stake in Sysco by 16.0% during the first quarter. HB Wealth Management LLC now owns 22,392 shares of the company’s stock worth $1,680,000 after buying an additional 3,094 shares during the period. TD Asset Management Inc grew its stake in Sysco by 12.4% during the first quarter. TD Asset Management Inc now owns 212,315 shares of the company’s stock worth $15,932,000 after buying an additional 23,373 shares during the period. Finally, Mackenzie Financial Corp increased its position in shares of Sysco by 1,940.1% in the first quarter. Mackenzie Financial Corp now owns 1,016,660 shares of the company’s stock worth $76,290,000 after acquiring an additional 966,826 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Trading Up 1.6%

Shares of SYY stock opened at $75.90 on Wednesday. The company has a market capitalization of $36.35 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 2.19 and a beta of 0.79. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 5.54. The firm has a 50-day moving average price of $78.06 and a 200 day moving average price of $77.51. Sysco has a twelve month low of $67.12 and a twelve month high of $83.47.

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

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 2nd will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.16 annualized dividend and a yield of 2.8%. Sysco’s dividend payout ratio is 57.91%.

Sysco Company Profile

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.