Sysco (NYSE:SYY) Raised to “Hold” at Argus

Sysco (NYSE:SYY) was upgraded by analysts at Argus to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Several other brokerages also recently weighed in on SYY. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Sanford C. Bernstein set a $90.00 price objective on shares of Sysco and gave the company a “market perform” rating in a report on Wednesday. Truist Financial raised their target price on shares of Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group boosted their target price on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, UBS Group increased their price target on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.38.

Sysco Price Performance

NYSE SYY opened at $83.85 on Thursday. The company has a market cap of $40.16 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 2.67 and a beta of 0.61. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.65. The stock’s fifty day moving average price is $75.61 and its 200 day moving average price is $77.90. Sysco has a 1 year low of $67.12 and a 1 year high of $85.33.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $20.76 billion for the quarter, compared to the consensus estimate of $20.80 billion. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, equities research analysts forecast that Sysco will post 4.58 earnings per share for the current year.

Insider Buying and Selling at Sysco

In other news, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the sale, the executive vice president directly owned 35,965 shares of the company’s stock, valued at $2,913,165. This represents a 13.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Sysco

A number of hedge funds have recently bought and sold shares of the business. Jackson Grant Investment Advisers Inc. acquired a new position in shares of Sysco during the 3rd quarter worth approximately $25,000. Harbor Capital Advisors Inc. grew its stake in Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after acquiring an additional 135 shares during the period. Torren Management LLC purchased a new stake in Sysco in the 4th quarter worth $27,000. Chung Wu Investment Group LLC acquired a new position in Sysco during the second quarter worth $30,000. Finally, Peterson Wealth Services lifted its holdings in Sysco by 875.7% during the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after purchasing an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

About Sysco

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.